Category: Finance

Mission Valley Bancorp reports record first-half results

Mission Valley Bancorp reports record first-half results

Mission Valley Bancorp reported net income of $2.2 million for the first half of 2017, which the company said is its strongest-ever mid-year results. “I am pleased to share that Mission Valley Bancorp has once again achieved a record high for the first half of the year, reaching net income of $2,213,000, a 38.05% increase...

Bank of Santa Clarita reports record earnings

Bank of Santa Clarita reports record earnings

Bank of Santa Clarita reported record earnings for the first half of 2017, with net earnings up 40 percent to $909,000 from the same period a year ago. The bank reported that total loans grew to $215.2 million during the first half of 2017, and continues to have excellent credit quality in its loan portfolio,...

Med Tech Solutions buys Constellation’s IT unit

Med Tech Solutions buys Constellation’s IT unit

Med Tech Solutions, a Valencia-based health care cloud computing company, has acquired the health information technology business unit of Constellation Inc. In a statement, MTS said the move will help the company better serve its clients and promote continued growth. Constellation has a base of operations in Minneapolis, so the acquisition is expected to help...

CFO Profile: Bob Hudson, Henry Mayo Newhall Hospital

CFO Profile: Bob Hudson, Henry Mayo Newhall Hospital

After serving as chief financial officer of Henry Mayo Newhall Hospital since 2001, Charlie Robert (Bob) Hudson retired at the end of June. Hudson’s career in healthcare financial management included consulting stints up and down California, with KPMG and Ernst and Whinney, and management positions with medical groups and hospitals. At Henry Mayo, Hudson was...

Knowledge Exchange

Knowledge Exchange

Calvin Hedman Company: Hedman Partners, accounting Title: President   Born: Bowman, N.D. Education: University of North Dakota; CSUN, Bachelor’s in business administration, accounting option     Hobbies: Golf, basketball, traveling Motto: When you’re growing, no one really knows what they’re doing.   Lisa Eichman Company 1: Eichman and Eichman, tax advisors Title: Managing Partner Company...

Financial Services: The Millennial Factor

Financial Services: The Millennial Factor

Millennials, those born in the 1980’s and ’90s, have become America’s largest generation, passing the baby boomers. The oldest millennials are entering their peak earning years, buying homes and making investment decisions. As they do so, they are reshaping the financial services industry with tools and preferences that  are unlike earlier generations. Last year, there...

California United Bank bought by Pacific Western

California United Bank bought by Pacific Western

In a union of two Los Angeles-based regional banks announed last month, PacWest Bancorp last month announced the purchase of CU Bancorp, corporate parent of California United Bank. California United, which has a regional office on Magic Mountain Parkway in Valencia, will be merged into Pacific Western Bank. The deal is valued at about $705...