Donovan’s Steakhouse


Follow SD Metro Magazine

Delicious Pinterest RSS
Advertise on SD Metro Magazine

Latest Tweets

Daily Business Report — Jan. 30, 2012

Grandpoint Capital Completes Merger With Regents Bank

Grandpoint Capital Inc. has completed its merger with La Jolla-based Regents Bank following shareholder and regulatory approvals. Regents Bank is now a wholly-owned subsidiary of Los Angeles-based Grandpoint Capital. Regents Bank will continue to operate under its existing name with its current management team, led by President and CEO Dan C. Yates and Chairman Thomas C. Young. Regents has banking offices in San Diego, La Jolla, Carlsbad, El Cajon and Vancouver, Wash. At December 31, 2011, Regents had total assets of $345 million. In addition to his continuing role as CEO of Regents, Yates was appointed president of Grandpoint Capital by its board of directors.

Scripps Health Purchases Medical Office Building

Scripps Health has purchased a new medical office building for Scripps Coastal Medical Center in Oceanside. The facility is located adjacent to State Route 76 at 4318 Mission Ave. and will replace the original Scripps Coastal Medical Center facility on Mission Avenue. The new 33,500-square-foot medical office building is almost twice the size of the original medical center, provides more parking, easier accessibility and the latest wireless technology. Initially, the new building will house the 10 Scripps doctors and 40 staff from the existing medical center, expanding to a total of 20 physicians in the future.

San Diego Trust Bank Reports Earnings

San Diego Trust Bank reported its 29th consecutive quarterly profit with record fourth quarter 2011 earnings up more than 107 percent from the comparable period of a year ago. Net earnings after-tax totaled $691,000 for the three month period ending Dec. 31, 2011, compared to $333,000 for the same period the previous year. For the 12months ended Dec. 31, 2011, the bank reported net income of $1.61 million compared to $959,000 in 2010, representing an increase of 68 percent over prior year’s results.

AMN Healthcare Services Sells Home Health Care Business

AMN Healthcare Services Inc. has completed the sale of its home health care business to BAYADA Home Health Care Inc. AMN will receive cash proceeds of $9.65 million and retain working capital of $4 million. The company intends to use proceeds from the sale to pay down debt. “Given significant reimbursement changes and the current uncertainty in the regulatory environment, we determined a divestiture of home health care would allow an even sharper focus on our market-leading health care workforce solutions offerings,” said Susan R. Salka, the company’s chief executive officer.

Personnel Moves

• S. Andrew Pharies has joined DLA Piper as a partner in its trusts and estates group of the San Diego office. He is joined by associate Michelle C. Glasser. Both moved to the firm from Procopio, Cory, Hargreaves & Savitch. Pharies received his law degree from the University of Oregon. Glasser received hers from the University of Arizona.

• Dowling & Yahnke LLC has promoted Mark J. Muñoz to partner, Alana Asmussen and Jacqueline Bell to portfolio management directors and Karrol Gibbs as director of operations. Muñoz joined the firm in 2009 as chief operating officer. He holds a master’s degree from the University of Chicago and a bachelor’s degree from Miami University (Ohio).

The Daily Business Report is produced by REP Publishing Inc., publisher of SD METRO, the North Park News and the West Coast Craftsman. Contact: Manny Cruz (619) 287-1865.

Leave a Reply

Your email address will not be published. Required fields are marked *


Latest Issue

Click here to view the PDF version of our magazine.

Subscribe to Daily Business Report

Advertise on SD Metro Magazine

Voice Your Opinion

We Want Your Opinions on San Diego’s Big Issues In the coming months, Probosky Research (one of California’s leading opinion research firms) will continue its partnership with SD METRO to survey San Diego residents about topics of interest to our readers. We’d like to throw open the door for suggestions for topics. What do you want to know? What do you think you know, but aren’t sure? What are you certain you know, but want to prove it beyond doubt? Ideally, we’d like to see questions that have to do with public policy.

Some areas may include Mayor Filner’s first 100 days job performance, should the city be responsible for economic growth and the creation of new jobs, how important are infrastructure improvements to our daily lives (streets and bridges, etc.), how important is water independence, how satisfied are residents with public transit or how do city residents value Balboa Park and other open spaces? Do you believe the City Council should revive the Plaza de Panama plan for Balboa Park?

You can email Probolsky Research directly with your ideas: