Finance 2017-12-14T18:29:47+00:00

LA accounting firm opens Santa Clarita office

Los Angeles-based accounting firm Martini Iosue & Akpovi LLP today announced the opening of an office in Santa Clarita, located in the Valencia Executive Plaza at 27201 Tourney Road. “I am really excited to bring our firm’s talents, relationships and access to resources to the Santa Clarita Valley,” said Kevin [...]

By | October 31st, 2017|

Dignity Health selling controlling interest in U.S. Healthworks

Dignity Health and  Select Medical Holdings Corp. signed an agreement to combine their occupational medicine and urgent-care subsidiaries, Dignity’s Valencia-based U.S. Healthworks, and Select’s Concentra Group Holdings. Concentra will acquire all of the issued and outstanding shares of stock of U.S. HealthWorks from Dignity, paying in stock and cash. Following [...]

By | October 25th, 2017|

Mission Valley Bancorp reports record third quarter earnings

Mission Valley Bancorp reported net income of $3.21 million for the quarter ended September 30, 2017 – the strongest third quarter results in the history of the company. Net Interest Income (after provision for loan losses) increased more than 16 percent, closing the third quarter of 2017 at $10.03 million [...]

By | October 25th, 2017|

Sierra Bancorp reports higher quarterly earnings

Sierra Bancorp,  parent of Bank of the Sierra, had consolidated net income of $5.742 million for the quarter that ended Sept. 3o, up 46 percent from the same quarter in 2016, the company reported. The Porterville-based bank holding company, which has a branch on Citrus St. in Santa Clarita, cited [...]

By | October 25th, 2017|

Trophy Automotive Dealer Group Buys Mercedes-Benz of Valencia, 3 others

Trophy Automotive Dealer Group, a multi-brand automotive dealer, has increased its footprint across Los Angeles through the acquisition of Mercedes-Benz of Valencia and three other dealerships. Trophy’s previous portfolio included Mercedes-Benz of Encino, which it has owned since 2014. The group, known as TADG, also bought Kia Downtown Los Angeles, [...]

By | October 24th, 2017|

Avita Medical raising more than $13 million

Avita Medical, a regenerative medicine company specializing in the treatment of wounds and skin defects, is gearing up for entry to the U.S. market pending regulatory approval of its ReCell therapy. The Perth, Australia-based company, which has its main U.S. offices in Valencia, is raising $16.9 million Australian, equal to [...]

By | October 24th, 2017|

SCV firm Lundgren to oversee construction of new Bakersfield elementary school

Lundgren Management last week won a construction management contract with the Bakersfield City School District. The Santa Clarita-based firm will oversee construction of a new elementary school next to Belle Terrace Park in east Bakersfield. The K-6 school will include a central administration and library building, four classroom buildings, a [...]

By | October 6th, 2017|