Daily Business Report-Jan. 3, 2014
Dan Yates, 53, is the new CEO of Neighborhood National Bank.
Neighborhood National Bank Enters
New Year Under New Leadership
Neighborhood National Bank, which built a reputation for serving San Diego’s economically depressed communities since it was formed in 1997 by Robert McGill, enters its 17th year in business under new leadership.
The bank has named Dan C. Yates, 53, former CEO of Regents Bank, as its new president and chief executive officer. McGill moves from CEO to become chairman of the bank’s board of directors.
Yates is taking the place of both McGill and Barbara Hosaka, who was president before her retirement on Dec. 31.
A 34-year veteran of the banking industry, Yates had been serving as a consultant to the bank’s board for the past two months while he awaited regulatory approval.
Under his leadership of Regents Bank, it grew to become the fifth largest locally headquartered bank in San Diego County, before it was acquired by Los Angeles-based Grandpoint Bank.
“Dan is a proven leader who brings significant banking experience to our company,” said McGill in a prepared statement. “He is a seasoned banker who has a strong track record. Dan also has a unique understanding of the current regulatory environment and how to implement strategies to overcome the difficulties all community banks are facing in this current economy.”
McGill said he formed Neighborhood National Bank with the intention of providing basic banking services to the “hardworking, under-served citizens of San Diego” and to channel funds into affordable housing and small businesses.
Over the past 16 years, the bank has expanded to encompass neighborhoods in the city of San Diego (Mid-City, Central and Southeast San Diego), Lemon Grove, Spring Valley, El Cajon, National City, Chula Vista, Imperial Beach and San Ysidro.
Kelly Corporate Center and Adjacent
3.7-Acre Parcel Sold for $12 Million
CARLSBAD — The Kelly Corporate Center at 6010 Hidden Valley Road and an adjacent 3.7-acre parcel at 1015 Aviara Parkway have been sold for $12 million to a limited liability company, SSG LLC. The seller was San Diego Income Properties LLC. The 50,000-square-foot office building was built in 2002 and was recently rezoned to allow medical office uses. Both properties are vacant and the buyer intends to market them for both general office use and medical office tenants, according to Cushman & Wakefield, which represented the seller.
The owner also plans to start construction on the adjacent parcel, which will offer both medical and general office uses. The property can be split into two individual smaller office buildings, which can be purchased by owner-users.
San Diego County Flu Rate Higher than Last Year
The flu rate in San Diego County is up about 150 percent compared to last year, and infections might be peaking early, according to the county Health and Human Services Agency, City News Service reports. Since July 1, 357 flu cases have been reported to the HHSA, compared to 216 during the same period last year, the agency reported Thursday. More than 150 cases were diagnosed last week, double the number of the prior week.
“While influenza can be unpredictable, our analysis of local data indicates influenza activity is rising faster and may peak sooner than it did last year,” said Dr. Wilma Wooten, the county’s public health officer.
Around 5,300 influenza cases were diagnosed in San Diego County during last year’s flu season, and 60 people died — most of them elderly and with underlying medical conditions. Many of those sickened said symptoms felt more severe than usual.
No flu-related deaths have been reported this year.
Most of the cases diagnosed this season are the H1N1 strain that caused a pandemic a few years ago. The flu vaccine protects against H1N1; Influenza B and last year’s most common strain — H3N2.
The U.S. Centers for Disease Control and Prevention recommends that everyone 6 months or older get a flu vaccine every year. It takes about two weeks for immunity to develop after getting vaccinated.
Secretary of Navy to Address San Diego Military Advisory Council
Secretary of the Navy Ray Mabus will speak to the San Diego Military Advisory Council on Thursday, Jan. 9, at 7:30 a.m. at the Admiral Kidd Catering & Conference Center at the Navy Mine and ASW Complex on Harbor Drive, San Diego. Before his appointment, Mabus was governor of Mississippi, 1988 to 1992, and was ambassador to the Kingdom of Saudi Arabia from 1994 to 1996. He later was chairman and CEO of a manufacturing company. To register, visit www.sdmac.org.
Mardi Gras Set for March 4 in Hilldrest
The Greater San Diego Business Association Charitable Foundation and the Hillcrest Business Association announced that the Mardi Gras celebration in Hillcrest will be held March 4. “The GSDBA Charitable Foundation is pleased to move forward with the HBA to ensure that we continue to provide scholarships to deserving LGBT college students and allies,” said Stampp Corbin, president of the GSDBA Charitable Foundation. In the last 12 years, more than $125,000 in scholarships has been awarded.
Johnathan Hale, president of the Hillcrest Business Association board, said the association will introduce a new concept and name, “Fat Tuesday.” The association has used its proceeds from Mardi Gras for the promotion of the Hillcrest neighborhood, as well as neighborhood beautification projects.
El Cajon Mayor to Meet With Realtors Group
EL CAJON — El Cajon Mayor Bill Wells will be hosted by members of the Pacific Southwest Association of Realtors at noon on Jan. 8 at the association’s East County Service Center, 1150 Broadway, El Cajon. Topics will include an update on new projects and new development opportunities in El Cajon, the city’s homebuyer assistance program and a review of the city’s boards and commissions. Admission is free. Attendees are encouraged to bring their own lunch. Wells, a city councilman in El Cajon since 2008 and mayor pro tem since December 2012, was unanimously appointed mayor in November 2013 to fill the vacant seat of Mayor Mark Lewis who resigned a month earlier. For more information and to RSVP, call PSAR at (619) 579-0333 or visit www.psar.org.
Better Business Bureau to Hold Networking Mixer
The San Diego Better Business Bureau will host a business-to-business networking mixer from 4 to 6 p.m., on Thursday, Jan. 9, at Tom Ham’s Lighthouse restaurant, 2150 Harbor Island Drive, San Diego. The public is invited to attend. Admission is $25 per person. To RSVP, contact Shelley Bradley, BBB director of sponsorships and special events, at (858) 637-6199. For additional mixer event information, visit www.sandiego.bbb.org.
Tickets On Sale for ‘Pirates’ at Natural History Museum
Tickets are now on sale for the limited-engagement exhibition, “Real Pirates: The Untold Story of the Whydah from Slave Ship to Pirate Ship,” at the San Diego Natural History Museum. Organized by National Geographic and Premier Exhibitions Inc., the traveling exhibition is scheduled to open Feb. 8 at theNAT in Balboa Park. The exhibition contains authentic pirate treasures and boasts more than 200 artifacts recovered from the first fully authenticated pirate ship ever discovered in U.S. waters.
Reserved timed-entrance tickets for “Real Pirates” are on sale to the general public at www.sdnat.org/realpirates. Admission: $27 adults; $24 seniors (62+); $21 students and military (with ID); $21 youth (13-17); and $18 children (3-12). Children 2 and under are free. Admission includes general access to all other exhibitions in the museum along with 2D and 3D films in the giant screen theater.
Ocean Discovery Institute Receives Kaleidoscope Award
The University of San Diego has presented the Ocean Discovery Institute with the eighth annual Kaleidoscope Award for Exceptional Governance. The award is accompanied by a $500 prize to go to the institute’s programs.
The Ocean Discovery Institute is a local nonprofit that engages urban and diverse youth through education, scientific research and environmental stewardship. Over the past 13 years, the institute has grown from a small science summer camp that operated from a kayak closet on Mission Bay, to an organization offering world-class programming.
The institute has received the highest national science mentoring award, bestowed by President Obama. It is building a state-of-the-art Living Lab facility.
SoCal Author Academy to Hold Event for Writers
Adventures by the Book and the SoCal Author Academy will present a panel event for writers and authors featuring Author Academy instructors Susan McBeth, Barbra Drizin, Kathi Diamant, and Andy Trimlett on Jan. 22 at 6:30 p.m. at the Downtown Central Library, 330 Park Blvd. The event is free and open to the public. For more information, contact Susan McBeth at (619) 300-2532 or at firstname.lastname@example.org.
Staffing company AMN Healthcare Services Inc. announced the promotion of Julie Fletcher to the newly created role of chief talent officer. Fletcher, previously the senior vice president of human resources, will have continued responsibility for AMN’s human resources function, including attracting and developing team member talent for corporate roles and across AMN’s staffing companies. Fletcher joined the company in 2008. During her tenure, AMN launched its Employment Value Proposition, which emphasizes core values, collegial work environment and career opportunities.