SFV FINANCE

Bank of Santa Clarita Reports 71 Percent Earnings Growth

Bank of Santa Clarita’s third-quarter earnings totaled $914,000, representing a 71 percent growth year-over-year, the company announced Thursday.

‘Hero Hired’ Job Fair Draws Veterans

More than 500 military veterans were expected to participate Thursday in the Valley Economic Alliance’s annual Hero Hired Veteran Job and Resource Fair at Los Angeles Valley College in Valley Glen.

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State Farm Closing Westlake Village Operations

State Farm Mutual Automobile Insurance Co. is closing its office in Westlake Village at the end of next month, resulting in the loss of 69 jobs.

Valley Area Stocks Hit Hard as Markets Plunge

The Valley area’s technology and biotech companies were among the hardest hit, reflecting a rough day for tech stocks at large.

B. Riley FBR Names Restructuring Head

B. Riley FBR Inc. has hired Richard NeJame as senior managing director of the firm’s corporate restructuring division, the company announced Tuesday.

House-Flipping Lender Anchor Loans Hires Tech Officer

Anchor Loans, the hard-money lender for the house-flipping industry, has named Bill Kontgis as its chief technology officer.

Changes Coming for Fernando Awards

The winner of the prestigious Fernando Award won’t be the only one honored at the black-tie ceremony on Oct. 6.

Job Losses Result From Call Center Closure

United Language Group Inc. is closing its call center in Burbank, resulting in the loss of more than 70 jobs.

UCLA Anderson Forecast Predicts Slowing Growth for State

California’s economy will continue to grow in the coming years but the pace is expected to slow alongside a slowing economy on the national level, according to the UCLA Anderson Forecast, which was released Wednesday.

L.A. County Unemployment Steady in August

L.A. County’s unemployment rate held steady at 4.5 percent in August for the third straight month, even as the county recorded sizable job gains, according to state figures released Friday.

Mission Valley Bank to Open South Bay Loan Office

Mission Valley Bank plans to open a loan production office in Torrance and has hired a new executive to supervise the operation.

B. Riley FBR Names Chief Administrative Officer

B. Riley FBR, an investment bank and subsidiary of B. Riley Financial Inc. in Woodland Hills, has appointed Dawn Farrell as chief administrative officer of the firm’s investment banking unit.

B. Riley Completes $100 Million Debt Offering

B. Riley Financial Inc. has closed a public offering of $100 million in senior notes, the Woodland Hills company announced Tuesday.

Glendale Insurance Agent Charged With Fraud

A licensed insurance agent in Glendale was arrested and charged with grand theft and insurance fraud after allegedly acting as a licensed insurance agent to steal $10,000 from a trusting client, according to the California Department of Insurance.

Amgen Veterans Launch $320 Million Life Science Venture Fund

Westlake Village BioPartners has launched its first $320 million venture fund to invest in life science and biotech companies.