Banking & Finance Quarterly - July 2004

This special quarterly report -- the third in 2004 -- we take a look at the latest news regarding our local economy, stock market conditions, local banking issues and financial undertaking.

  • In place of growth or value stocks, try 'quality'

    Let's try "quality" as a new watchword in U.S. stock investing, in place of those 1990s standbys growth and value.

  • Money Minders

    Following two years as chief executive of a de novo in Newport Beach, Jim Boyce is again working in San Diego County, and on the doorstep of Rancho Santa Fe, no less.

  • Derivative suits and the value of D&O liability insurance

    The heightened public awareness of corporate decision-making - from the increased focus on making corporate governance more transparent and more responsive to shareholders, to concerns about the effectiveness of auditors, to the criminal penalties sought against the most blatant wrongdoers - has made serving as a director of a public company more perilous than ever.

  • California's economic conditions show improvement

    Employment conditions in California have started to improve, though not yet to pre-recession levels.

  • Rules for revocable living trust accounts

    On January 13, 2004, the Federal Deposit Insurance Corp adopted new rules for insurance coverage of living trust accounts. The new rules, became effective April 1.

  • San Diego National Bank $2 billion strong and growing

    Over the past 23 years, San Diego National Bank (SDNB) has grown from a small community bank to an easily recognizable name throughout all of San Diego County. At the close of 2003, SDNB passed the $2 billion mark in total assets, a significant milestone in the banking industry.

  • Bank branching trends and prospects of key banking sectors

    The number of financial institution charters has been declining since 1984, and in the decade between 1994 and 2003, dropped almost 29 percent. At the same time, however, the number of physical bank offices has been steadily increasing, driven by an increase in branches. In the decade between 1994 and 2003, the number of bank branches increased 15 percent.

  • The three Cs of finding the right banker

    Unfortunately, many business people don't put a lot of thought into choosing a business bank. It is a common misperception that one bank is as good as the next, but it is not the case when it comes to a business banker. The right banker can help create and find significant opportunities for a growing business. People -- and the expertise and service they provide -- make a tremendous difference.

  • New broker-dealer will focus on community banks' investment programs

    Advanced Financial Solutions (AFS) is a new broker-dealer headquartered in California that focuses on helping community banks increase revenues by establishing new investment programs or enhancing existing ones.

  • The mortgage savvy homebuyer

    Purchasing a home is a major investment. The median home price in the United States is $170,000, but more than $550,000 in San Diego County. While location and price are important factors when house shopping, a savvy homebuyer understands that the right mortgage is just as important.

  • 1st Pacific Bank creates new tool to help business people find the right banker

    There are banks, and then there are bankers. The relationship you have (or don't have) with your business banker is vital to the health and future of your business.

  • Banks, credit unions realize exceptional benefits through outsourcing

    For many financial companies, particularly those that are expanding, growing or undertaking a new business venture, utilizing the expertise and resources of an outsourcing firm is a smart business decision. That's why several new and existing banks in San Diego County and growing credit unions are among the many financial institutions turning to Outsourced Management Services for highly qualified, temporary expertise.

  • S&P study shows paying more for mutual funds doesn't get you a better product

    NEW YORK -- In a review of fees charged by stock mutual funds, Standard & Poor's found that those with lower-than-average expense ratios consistently outperformed their more expensive peers over time.

  • Yahoo's second-quarter profit more than doubles

    SAN FRANCISCO -- Yahoo Inc.'s (Nasdaq: YHOO)second-quarter profit more than doubled as the Internet giant continued to ride online advertising's rising wave.

  • Banks to appeal ruling that upheld Calif's financial privacy law

    SACRAMENTO (AP) -- As soon as California's landmark financial privacy law took effect, bankers promised to renew their fight to overturn restrictions on how they can share customer information.

  • Dividends are up, but are companies still playing it too safe with cash?

    NEW YORK -- Still smarting from the rough days, companies may be playing it too safe in their determination to pay off debt and build up cash.

  • Manufacturing activity increases again in June

    NEW YORK -- The manufacturing sector expanded for the 13th consecutive month in June, albeit at a slightly slower pace, an industry group reported Thursday.

  • These 10 stock picks show both value and growth

    Although value and growth investors often see themselves as opponents, I believe that it's sometimes useful to fuse the two approaches. I'm in the value camp. I look for stocks that are cheap compared with an underlying measure of worth, such as earnings or sales per share.

  • Astute investors should keep eye out for portfolio 'style drift'

    It is fairly common knowledge that a retirement portfolio's carefully constructed asset allocation can become unbalanced in two cases: when you alter your investment strategy and when market performance causes the value of some funds in your portfolio to rise or fall more dramatically than others.

  • First years have been rough for Ramona National; signs point to better times

    When Ramona National Bank opened on Main Street in the winter of 2001 as Ramona's first locally owned bank in 90 years, the founders thought an availability of local decision making would be an easy sell. It hasn't been.

  • Online banking grows fast, still room for expansion

    NEW YORK -- Millions of Americans are doing their banking online, and their ranks are expected to grow rapidly in coming years as more e-services become available and Internet connections get faster.

  • Efficient pricing, cautious investors keep IPO market in check

    San Diego companies are joining others from across the country to join the ranks of the publicly traded. After years of decline, filings of initial public offerings of stocks are on the rebound.

  • Rising rates could help savers, hurt borrowers

    NEW YORK -- With interest rates starting to creep higher, consumers should take steps now to maximize what they earn on their savings and minimize what they pay on their debts.

National News

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