SFV FINANCE

Profits Rise for Mission Valley Bank

Mission Valley Bancorp reported first quarter net income of more than $1.3 million, the strongest first quarter in the company’s history, the Sun Valley commercial bank announced Tuesday.

L.A. County Unemployment Holds Steady

L.A. County’s economy continued to coast near full employment in March as the unemployment rate held steady at 4.5 percent for the third straight month and local employers added a relatively small 13,000 jobs, according to state figures released April 20.

Great American to Liquidate Bon-Ton Stores

Liquidation firm Great American Group has partnered with Tiger Capital Group sell off the inventory of 212 locations of Bon-Ton Stores Inc.

More Than 180 Veterans Attend Job Fair

The California Employment Development Department hosted its “Honor a Hero, Hire a Vet” job fair in Canoga Park on Thursday aimed at helping Valley-area military veterans find jobs with local employers.

Restructuring Firm Omni Management Acquired

In a combination of restructuring firms, L.A.-based Beilinson Advisory Group has purchased Omni Management Group in Woodland Hills, the companies announced Thursday.

Pot Banking Bill Passes Committee Vote

A State Senate committee approved a bill Wednesday to allow cannabis business owners to start a limited charter bank in California.

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L.A. City Council Approves Street Vending Program

Los Angeles City Council approved proposed rules for a sidewalk vending program on Tuesday.

Record Earnings at Bank of Santa Clarita

The Bank of Santa Clarita reported record high first-quarter earnings Monday, due in large part to the reduction in the federal income tax rate.

Mission Valley Bank Appoints Financial Advisor to Board

Mission Valley Bancorp has elected Ara Oghoorian, president of ACap Asset Management Inc. to its board of directors, the Sun Valley-based commercial bank announced Thursday.

Martini Iosue Appoints Audit Practice Leader

Encino-based business accounting firm Martini Iosue & Akpovi has appointed Kevin Holmes as audit and assurance practice leader.

L.A. County Unemployment Unchanged at 4.5 Percent

L.A. County’s unemployment rate in February was 4.5 percent, unchanged from January amid broad-based job gains for the month, according to state figures released Friday.

‘Seasoned Bandit’ Sentenced for Santa Clarita Bank Robberies

For a 2017 string of bank robberies in the Santa Clarita Valley and elsewhere, the man called the “Seasoned Bandit” by law enforcement was sentenced March 15 for allegedly stealing a combined $39,424 from 11 banks.

Earnings: Qualstar, Interlink, Sienna Biopharmaceuticals

Qualstar Corp. shares jump 25 percent after the company reports fourth-quarter revenue gains.

L.A. County Unemployment Edges Higher

L.A. County’s unemployment rate edged back up to 4.5 percent in January from 4.4 percent in December as local employers shed holiday season workers.

Earnings: Marcus & Millichap, Limoneira

Marcus & Millichap reports higher annual revenues, while Limoniera benefits from tax reform.