San Diego Business Journal articles from February 2002

San Diego Business Journal archives from February 2002

Seaworld questions panel's report.(California Coastal Commission report recommends denying proposed Sea World San Diego expansion)(Brief Article)
February 4, 2002... A negative California Coastal Commission staff report on SeaWorld San Diego's expansion plans has the theme park's staff, as well as officials from the city, scrambling as they prepare to take the proposal before commissioners this week. ...

New digs for carlsbad chamber.(Carlsbad Chamber of Commerce's new office building)(Brief Article)
February 4, 2002... Caption: Escrow is expected to close this spring on the Carlsbad Chamber of Commerce's new, $1.2 million, 6,400-square-foot office building at 5934 Priestly Drive, near the intersection of Faraday and El Camino Real and adjacent to the future...

Ruling gives boost to ballpark bonds.(San Diego Padres ballpark)(Brief Article)
February 4, 2002... Construction of the Padres ballpark may resume in several weeks, depending on how quickly the city's bond attorneys and insurance company review the latest court rulings on the project. Last week, San Diego Superior Court Judge Frederick...

SDG&E and state weigh options.(San Diego Gas & Electric Co.)(Brief Article)(Statistical Data Included)
February 4, 2002... San Diego Gas & Electric Co. and state regulators are both reviewing their options as they prepare to go to court over SDG&E's potentially illegal profits. The California Public Utilities Commission announced Jan. 25 that it rejected a...

Limited local toys 'R' us closures seen.(Brief Article)
February 4, 2002... Paramus, N.J.-based Toys 'R' Us, Inc.'s restructuring will have a limited effect in San Diego County, company officials said. The big box kids' retailer announced Jan. 28 it is closing 64 stores in the United States. The company will cut...

Comglobal has the right kind of 'problem' - growth. (Enterprise: Defense).(Brief Article)(Statistical Data Included)
February 4, 2002... From the 13th floor of the Hazard Center business tower, James M. Dean gestured out his window, down Mission Valley to the building ComGlobal Systems, Inc. used to occupy. It was a place called the Hideaway on Hotel Circle South. Dean's...

Oceanside retail properties being redeveloped: Growing market, competition compel refurbishing. (Real Estate).(Brief Article)
February 4, 2002... OCEANSIDE -- Various retail real estate owners, like Alex Zirpolo, are redeveloping their properties in hopes of taking advantage of strong residential and office construction in Oceanside. "Older shopping centers have to change to be...

Sempra reports higher profits.(Brief Article)(Statistical Data Included)
February 4, 2002... Sempra Energy's profits rose 11 percent during the fourth quarter, despite flat earnings from its California utilities and a hit from Enron-related business. San Diego-based Sempra announced Jan. 24 its net income in the fourth-quarter was...

Jenny craig stock up after announcement of sale: Lawsuit maintains company is undervalued. (Health).(Brief Article)(Statistical Data Included)
February 4, 2002... Jenny Craig Inc. shares closed at a 62.5 percent premium for three consecutive days after the weight-loss firm agreed to sell itself for a cash deal valued at $115 million. Shares of the La Jolla-based company, which is traded on the...

P.B.'s blue sea lodge starts $4.4m remodel, expansion.(Best Western Blue Sea Lodge contracts project to R.D. Olson Construction L.P.)(Brief Article)
February 4, 2002... Best Western Blue Sea Lodge, a beachside motel located at the foot of Pacific Beach Drive, recently began a renovation and expansion project expected to cost an estimated $4.4 million; Construction is scheduled to be completed in the summer...

U.S.-Mexico bridge proposal draws mixed reviews: Builder says project would revitalize both sides of the border. (Development).
February 4, 2002... SAN YSIDRO -- A pedestrian bridge crossing the U.S./Mexico border at San Ysidro will provide an opportunity for revitalization on both sides of the border, says the developer. Yet some residents of San Diego and Tijuana are not convinced....

Phase II/III trials on for FeRx's magnetic technology: Syrrx signs deal to determine protein shapes with Pharmacia. (BioTech).(Brief Article)
February 4, 2002... San Diego-based FeRx Inc.'s president and CEO said the biotechnology company will soon begin a Phase II/III study testing its magnetic targeted carrier technology in primary liver cancer patients. The MTC trial, which is planned to start...

Johnson & Johnson try out internet2: Directed electronics joins wingcast with telematic auto security. (High-Tech).(Brief Article)
February 4, 2002... Bucketfuls of data pour through Internet2, making traffic on the commercial Internet look like a trickle. Largely an experiment, the high-bandwidth Internet2 telecommunications network is still the stomping ground of academics and...

Speaking of fords. (High-Tech).(Ford Motor Corp.)(Brief Article)
February 4, 2002... Telematics -- the wireless Internet service for automobiles -- isn't only for new model cars. The neighborhood car stereo retailer may be able to install an Internet device in your Eddie' Bauer Explorer, or maybe even your '56 Chevy, by...

Columnar components. (High-Tech).(Silicon Wave Inc., Quake Global Inc., Technology Integration Group)(Brief Article)
February 4, 2002... San Diego wireless equipment makers Silicon Wave, Inc. and Quake Global, Inc. have both received the International Organization for Standardization (ISO) 9001 quality certification.... Locally based computer reseller Technology Integration...

Gateway reports profit amid struggles: Analysts conflict on recovery of local computer company. (Tech Talk).(Brief Article)(Statistical Data Included)
February 4, 2002... Gateway Inc. is facing an uphill battle in its quest to regain market share and regular profitability, analysts said. The San Diego-based seller of personal computers said it will slash another 2,250 jobs from its payroll and shut down 19...

2001 VC market tight, But active: TeraGlobal cuts staff, loses promised funding. (Cyber Bucks).(venture capital market analysis)(Brief Article)
February 4, 2002... To even a casual observer, the capital investment market was considerably tighter last year. But 2001 was still fairly active with a total of 5,988 investment deals in the nation totaling more than $325 billion, according to B2B Data...

TeraGlobal cuts staff. (Cyber Bucks).(TeraGlobal Communications Corp.)(Brief Article)
February 4, 2002... San Diego-based TeraGlobal Communications Corp., a maker of software for delivering real-time voice, video and data over the Internet, was forced to cut 11 employees, or 19 percent of its staff, late last month in response to an earlier...

Magis gets VC funds. (Cyber Bucks).(Magis Networks Inc.)(Brief Article)
February 4, 2002... Magis Networks Inc., a San Diego-based maker of wireless chipsets for local area networks, said it received second round financing from existing investors Vulcan Inc., Bay Partners and Crescendo Ventures. The dollar figure on the...

Kodak completes Encad purchase. (Cyber Bucks).(Brief Article)
February 4, 2002... Encad Inc., the local maker of wide format inkjet printers is now a division of Kodak Co., after the Rochester, N.Y.-based corporation completed its acquisition of the firm Jan. 24. The deal announced last November paid Encad shareholders...

HNC buys product. (Cyber Bucks).(from Trajecta Inc.)(Brief Article)
February 4, 2002... HNC Software said it acquired a complementary software product from Texas-based Trajecta Inc. for $6 million. The software allows businesses to develop optimal marketing actions. HNC makes predictive software geared to customer relation...

Qualcomm Inc. earnings dip below expectations: Company execs attribute drop to changes in accounting methods. (Wireless).(Brief Article)(Statistical Data Included)
February 4, 2002... Qualcomm Inc.'s 2002 earnings will not quite meet the forecast the company made three months ago, Qualcomm said in late January. In announcing its quarterly earnings Jan, 24, the company said investors should look ahead to pro forma yearly...

Next-generation wireless service shows up in U.S. (Tech Talk).(Verizon Wireless offers Express Network service in limited US markets)(Brief Article)
February 4, 2002... The next-generation cell phone service enjoyed in technologically adventurous areas like South Korea has come ashore in the United States. With it comes the promise of faster, more robust Web-surfing on laptop computers and portable phones....

Businesses, contributors dig deep to help schools: Private efforts keep non-traditional education alive. (Education).(Statistical Data Included)
February 4, 2002... If local businesses and philanthropists had not stepped up and dished out funds for education, several area schools would be a little different or nonexistent. Namely, private, independent and charter schools -- schools that look heavily...

Closing the latino academic achievement gap: Teachers developing strategies for success. (Education).(Brief Article)
February 4, 2002... By 2040, Latinos will be the majority of the California population, and 15 percent of the United States. Already, the Latino press is among the strongest in independent news. In San Diego, we have approximately a dozen Latino...

Cross cultural studies give insight into foreign markets. (Education).(Brief Article)
February 4, 2002... When Lois Olson first went to China, she wondered why young people weren't wearing the trademark of an emerging economy: designer jeans. When she discovered the dearth of clothes dryers, the reason was clear. It would take days for the...

Private schools: Ranked by fall 2001 enrollment.(Directory)(Illustration)(Statistical Data Included)
February 4, 2002... Private schools Ranked by fall 2001 enrollment Rank Name (last Address Telephone year) Web address Fax 1 Horizon Christian Schools (858) 490-5000 (1) 4520...

Community colleges hone specialized programs: Business professionals retool skills and careers. (Education).(Brief Article)
February 4, 2002... With the San Diego economy and job market becoming more and more competitive, San Diego businesses and their employees are turning to community colleges for support and special training through the schools' occupational and certificate...

Public school districts: Ranked by fall 2001 enrollment.(Directory)(Illustration)(Statistical Data Included)
February 4, 2002... Public school districts Ranked by fall 2001 enrollment School District Address Telephone Rank Web address Fax 1 San Diego Unlfied ...

Higher education embraces 'online libraries': Electronic evolution a match for internet savvy students. (Education).
February 4, 2002... Information technology is knocking on the doors of traditional brick and mortar classrooms around the world. Just as professions such as medicine and law have been significantly altered by the implementation of technological advances, higher...

UCSD organization seeks athena nominations. (Education).
February 4, 2002... The UCSD Athena organization will accept entries for its fourth annual Pinnacle Awards through February. Both individuals and companies are eligible for the awards. One -- but not the only -- criteria for winners is that they hire, promote...

Computers giving students competitive edge: Teachers find preparation key to utilizing technology. (Education).
February 4, 2002... The Web is 10 years old. Desktop computers have been in our public schools for more than 20 years, and throughout this time, businesses have been asked and asked and asked to "partner" with our schools (give something) to help them keep...

Successful 'teleworking' requires planning, preparation: Training, resources important aspect of programs. (Education).(telecommuting)(Brief Article)(Statistical Data Included)
February 4, 2002... Telecommuting, often called teleworking, is a win-win way of working that has payoffs for workers, employers, and everyone in the growing San Diego community. At its simplest, telecommuting moves work to the workers instead of moving workers to...

Mad Media creates snowboard/ski film campaign: Fleishman-Hillard to promote liberty tree guitar. (Media & Marketing).(Brief Article)
February 4, 2002... Locally based design firm Mad Media has been working on an identity and print ad campaign for Boulder, Colo.-based Warren Miller Entertainment's newest extreme snowboarding and skiing film compilation. The companies have worked together...

Signings. (Media & Marketing).(advertising contract briefs)(Brief Article)
February 4, 2002... Fleishman-Hillard's San Diego office will handle the promotions of locally based Taylor Guitars' new product. This spring, the guitar maker will launch a special edition guitar made from made from the wood of the last Liberty Tree -- trees...

Sound bites. (Media & Marketing).(media and marketing news briefs)(News Briefs)(Brief Article)
February 4, 2002... The local Public Relations Society of America chapter's New Professionals Group announced its new board members. They are Kate Buska of Loews Coronado Bay Resort's PR office; Laura Margoni of Heying & Associates; Jenna Skidmore of Berkman...

Executive brief: Building for tomorrow.(University of San Diego's Center for Science and Technology, California)
February 4, 2002... The future is under construction at USD -- the future of science education, and perhaps of the San Diego regional economy and its high-tech industry. The Center for Science and Technology, scheduled to be completed early in 2003, is designed...

SBA chief says small biz a white house priority: Customer service academies offered at several local colleges. (Small Business & Retail).
February 4, 2002... The head of the U.S. Small Business Administration spoke locally on the state of small business both in San Diego County and in the nation as a whole. Hector Barreto, administrator of the SBA, addressed small-business leaders Jan. 23, at...

Customer service classes. (Small Business & Retail).
February 4, 2002... Small-business owners throughout San-Diego County now have the opportunity to get free training on improving customer service. The Customer Service Academy is offered countywide at several community colleges this year. The program can also...

Employee owners, Post-Enron. (Small Business & Retail).
February 4, 2002... Due to the fall of Enron, the concept of entrepreneurial employee ownership has taken a beating. But although there are risks in employee ownership -- risks that became front-page news after Enron's collapse -- an EEO can still provide many...

Open season. (Small Business & Retail).(American Express Small Business Services renamed the OPEN Network)(Brief Article)
February 4, 2002... American Express has revamped its service to small businesses. American Express Small Business Services has now become the OPEN Network. All existing customers on the old service will automatically be switched over, American Express...

Gateway headquarters in poway sold for $15 million.(Lexington Realty Advisors Inc. buys property)(Brief Article)
February 4, 2002... National City-based McMillin Commercial has sold Parkway Centre Four, the headquarters building for Gateway Inc. Lexington Realty Advisors Inc. of New York purchased the 140,000-square-foot building at 12150 Gateway Place in Poway for $15.4...

Avoid downsizing disasters: Empower your employees. (Human Resources Guide).
February 4, 2002... As we enter 2002, there is little doubt in the minds of employees across the United States that we are in a recession. While it was debated for months before the close of last year, most economists now agree that the boom of the past decade has...

Affordable housing gets boost from wells fargo.(Brief Article)
February 4, 2002... The Wells Fargo Housing Foundation has set aside $100,000 for affordable housing in San Diego. The foundation, funded by Des Moines, Iowa-based Wells Fargo Home Mortgage, is providing the funding through its Focus Communities Initiative....

Average price for a house climbs by 12 percent: La Jolla's highest-priced condo sells for $4.25m. (Real Estate).(Brief Article)(Statistical Data Included)
February 4, 2002... Housing prices in the county increased by an average of 12.1 percent in 2001, according to a survey conducted by the San Diego Regional Chamber of Commerce. The average price of a house in the county was $354,000 at the end of 2001....

High-Priced condo. (Real Estate).(Brief Article)
February 4, 2002... Dale Bowen and Ann LeBaron of the Willis Allen Co. in La Jolla have closed escrow on La Jolla's highest priced condominium to date. The $4.25 million condo is part of 464 Prospect, a new development by builder Desert Troon, which is being...

Strong sales. (Real Estate).(for homebuilder Brehm Cos.)(Brief Article)
February 4, 2002... The Brehm Cos., a San Diego-based homebuilder, reports sales of 238 homes in 2001. A total of 179 homes, or 75 percent of last year's sales, were sold in Vintage Reserve, the company's master-planned community in Temecula. In Carlsbad,...

Port agreement. (Real Estate).(B&G Consultants awarded management contract from San Diego Unified Port District)(Brief Article)
February 4, 2002... B&G Consultants, a San Diego-based construction program management consulting firm, has been selected by the San Diego Unified Port District to provide project management services for nonairport construction projects. B&G's managing...

Interiors contract. (Real Estate).(Jossy+Carrier Design Group awarded design contract)(Brief Article)
February 4, 2002... Jossy+Carrier Design Group, headquartered in San Diego, has been assigned the contract for interior design and space planning for ongoing tenant improvements at the San Diego Tech Center, a 10-building, 645,000-square-foot office park at 9605...

New alliance. (Real Estate).(Corporate Real Estate Advisors joins the Cushman & Wakefield Alliance)(Brief Article)
February 4, 2002... Corporate Real Estate Advisors in San Diego has become part of the Cushman & Wakefield Alliance. The New York City-based real estate services firm has created the alliance program in order to gain market share, and to expand Cushman &...

Five completions. (Real Estate).(Peterbuilt Corp. builds new dialysis centers)(Brief Article)
February 4, 2002... San Diego-based general contractor Peterbuilt Corp. has completed construction on five new dialysis centers in Southern California for Fresenius Medical Care. Joe Weaver was the project manager for all five projects. Jeff Cox of Stein Cox...

2002 officers. (Real Estate).(Sea Property Management Co. president Edward L. Goldberg is San Diego County Apartment Association 2002 president)(Brief Article)
February 4, 2002... Edward L. Goldberg, president of Sea Property Management Co., is the 2002 president of the San Diego County Apartment Association. Other new officers are president-elect, Ann Block of Washington Mutual Bank and an independent property...

AGC installation. (Real Estate).(J.R. Filanc Construction Company Inc. president Peter J. Filanc, president of Associated General Contractors San Diego chapter)(Brief Article)
February 4, 2002... The San Diego chapter of the Associated General Contractors installed its 2002 officers, lead by the new president Peter J. Filanc, president of J.R. Filanc Construction Co. Other officers include senior vice president Nigel Cary of Cox...

Hot deals.(various real estate company sales deals)(Brief Article)(Statistical Data Included)
February 4, 2002... REAL ESTATE SALES Property: 4700 Williamsburg Lane, La Mesa Sellers: De Clara, Inc., David A. Haaland Medial Corp. Pension Plan, Stephen and Bonnie Turner, Richard and Maureen Knott, and Robert Efren Cota Trust. Selling agents:...

Jack in the box, Inc. (Market Place).(Jack in the Box Div. stock information, revenues, and executive positions)(Brief Article)(Statistical Data Included)
February 4, 2002... Jack in the Box, Inc. NYSE -- JBX Jack in the Box, Inc. owns, operats and franchises Jack in the Box quick-service hamburger restaurants. Value Number of shares outstanding 39,300,000 on Jan. 28, 2002 Price of...

San Diego public stocks. (Market Place).(Illustration)(Statistical Data Included)
February 4, 2002... San Diego public stocks Date as of 01/30/02 STOCK PRICE Price Performanc ...

Volunteers team up to build shelter for homeless. (News Makers).(HomeAid organization, developed by various builders and real estate-related companies)(Brief Article)
February 4, 2002... Many builders and real estate-related companies in San Diego County have come together to form a local chapter of HomeAid, a nonprofit organization that provides beds for the temporarily homeless. Through HomeAid, builders and others team...

Historical society celebrates remodel with free admission. (News Makers).(San Diego Historical Society)(Brief Article)(Statistical Data Included)
February 4, 2002... The San Diego Historical Society is having an open house of sorts to celebrate its recent remodeling. The organization is suspending admission charges to its Balboa Park facility for three months, through April 15. According to the...

Del Mar couple decks out the 'frustrated cowboy'. (Nesw Makers).(David and Carol Goodell, management of Frustrated Cowboy store)(Brief Article)(Statistical Data Included)
February 4, 2002... It all started with a dream, and a name. Del Mar-based Frustrated Cowboy sells Western-themed gifts, accessories, clothes and cowboy hats to folks who wish they had more "cowpoke" in them. But although the store, with 400 square feet and...

'Adopt a village' project recruits aid for Nepalese Hamlets. (News Makers).(led by Sherpa Technology Guides Inc.)(Brief Article)
February 4, 2002... Sherpa Technology Guides, a Lakeside-based computer support and consulting firm, recently launched a program aimed at giving aid to villages and their inhabitants in Nepal. The program, "Adopt a Village," pairs local businesses with...

Laureate in the lab: Nobel prize winner Barry Sharpless pushes the boundaries of chemistry in search of a new way to develop drugs. (Profile).
February 4, 2002... A little more than a year after winning the Nobel Prize chemistry, Barry Sharpless is hardly resting on the laurels of being a laureate. "I work as hard as ever," Sharpless says, though seemingly frustrated by the obligations of his...

People.(Brief Article)
February 4, 2002... Banking and Finance Micheal J. Gilligan has been appointed CFO for Security Business Bank of San Diego. Renee Roman Nose has joined Borrego Springs Bank as an account executive. San Diego Chief of Police David Bejarano has been named to...

Any county aid on ballpark is welcome.(Brief Article)
February 4, 2002... Much like a relief pitcher coming on in the late innings of a tight ballgame, the county's willingness to help the city finally get the Padres' ballpark built is welcome news indeed. It was becoming painfully obvious that San Diego...

D.C. agonizes like Hamlet on taxes. (Editor's Notebook).(Washington, D.C.)(Brief Article)
February 4, 2002... To tax or not to tax? That is the question. Whether 'tis nobler in the mind to suffer the slings and arrows of diminished fortune Or to bear arms against a sea of red and end them? To tax, not steep, and by a tax not deep to end...

Workplace violence at root of San Onofre incident. (Opinion).(Brief Article)
February 4, 2002... The dust has settled at San Onofre, at least for the time being. Just weeks after making national headlines with a story that could be tied to everything from free speech, gun ownership in quantities or terrorism, the nuclear power plant is...

Letters.
February 4, 2002... Cushman Deserves Credit Editor: After following news coverage of recent events at the San Diego Unified Port District, I was surprised there wasn't more praise for the swift and decisive action by port commissioners and Chairman...

Supervisors order audit of trauma system: Emergency care costs jeopardizing local hospitals' bottom line.(Brief Article)
February 11, 2002... The temporary closure of the Palomar Medical Center's trauma center that resulted from a contract dispute between doctors and hospital administrators has led the county Board of Supervisors to order an audit of the area's six hospital trauma...

Financing slowdown hampers hotel plans.(Brief Article)
February 11, 2002... "When is the hotel financing market going to get better?" John Greisen is asked this question all the time, and he always has the same answer. "When good news about the hotel business filters to the man on the street," said Greisen,...

City finally on plus side of chargers ticket deal.(Brief Article)
February 11, 2002... San Diego collected net rent from the Chargers this season of about $400,000 despite the purchase of $6 million in tickets as part of a controversial ticket guarantee. It's the first time in three seasons the Chargers have paid the city on...

Where's the fire?(Brief Article)
February 11, 2002... Caption: Not at the Symphony Towers office building, despite the recent congregation of firefighters there. The 34-story office building, one of Downtown's tallest, was the site of a special high-rise firefighting training session Feb. 2. Part...

Defense plan hikes spy plane funding.(Brief Article)
February 11, 2002... The U.S. unmanned aircraft industry, which has a heavy presence in San Diego, will reap roughly $1 billion worth of work if the Pentagon's just unveiled 2003 budget proposal is approved intact. Congress must ultimately approve the $379...

AMN matches hospitals' staffing needs with traveling nurses. (Enterprise: Health Care).(Statistical Data Included)
February 11, 2002... Chances are if you are a nurse who likes to ski, San Diego-based AMN Healthcare Services Inc. has a deal for you: A ticket to Aspen with travel and housing expenses paid for. For the next 13 weeks, it's Work during the day and apres ski at...

Trade expert tapped to head San Diego WTC: Bella Heule will take over for Kathy Ward.(Brief Article)
February 11, 2002... Although her official start date isn't until Feb. 25, Bella Heule is already using terms like "us" and "our association" when talking about her goals for the San Diego World Trade Center. Heule was officially named president of the...

New Laureates honored at Kyoto Prize Symposium.(Held on the campus of the University of San Diego)(Brief Article)
February 11, 2002... As the Inamori Foundation presented its Kyoto Prizes symposium outside of Japan for the first time in its 17-year history, the organization's president offered his thoughts on the city where the awards were given out. Kyoto Prize laureates...

Correction.(Brief Article)
February 11, 2002... In the Feb. 4 issue of the San Diego Business Journal, an item in the Law category of the People on the Move section should have read: Brobeck, Phleger & Harrison LLP has elected Vicki G. Norton and Eddie Rodriguez as partners. The...

Lifestyle means new experience at planned mall: Carlsbad project distances itself from the 'big box' store concept. (Real Estate).(Brief Article)
February 11, 2002... CARLSBAD -- An Atlanta-based developer is bringing a new shopping center concept to town -- a "lifestyle center" that will be built here. Thomas Enterprises Inc. is developing the Pavilion at La Costa, 220,000 square feet of retail and...

Problem loans climbing at financial institutions. (Finance).(Brief Article)(Statistical Data Included)
February 11, 2002... As the economy continues to slide, more banks' balance sheets are turning up higher numbers, but not the kind they want to see. A growing number of banks are reporting larger amounts of problem loans, forcing them to boost their reserve...

Santee-based Cuyamaca Bank reports higher profits in 2001. (Finance).(Brief Article)(Statistical Data Included)
February 11, 2002... Cuyamaca Sees Profits Rise: Despite its taking a slew of non-recurring charges, Santee-based Cuyamaca Bank reported higher profits last year. Net profit for 2001 rose to $274,000 from the prior year's $240,000. CEO Bruce Ives said...

First community completes offering. (Finance).(Brief Article)(Statistical Data Included)
February 11, 2002... First Community Bancorp, the parent of Rancho Santa Fe National Bank and several other Southern California banks, said it completed a $23 million stock offering last month, selling nearly 1.2 million shares for $19.25 per share. The parent...

Capital Bank reports record earnings. (Finance).(Brief Article)(Statistical Data Included)
February 11, 2002... In what is expected to be its final year as an independent, Capital Bank reported net income of $1.6 million for 2001, up 23 percent from the previous year. Assets grew 16 percent to $143.6 million, giving it an ROA of 1.18 percent. ...

Security hires Gilligan. (Finance).(Brief Article)
February 11, 2002... Security Business Bank, one of several local banks in formation, said it hired Michael Gilligan as its CFO. Gilligan is former CFO for North County Bancorp until its acquisition by Wells Fargo Bank in 2000. He has more than 20 years' experience...

U.S. Bank in City Heights. (Finance).(new branch opens)(Brief Article)
February 11, 2002... U.S. Bank officially opened its 28th branch office in San Diego County last month as part of an ongoing effort to bring its bank into previously under-banked urban areas. The ribbon-cutting ceremony was attended by CEO Jerry Grundhofer,...

Survey finds optimists. (Finance).(San Diego-area banks)(Brief Article)
February 11, 2002... While signs of gloom and doom appear to proliferate, a recent survey of bankers done by RSM McGladrey, a national accounting firm with offices here, found most bankers are upbeat. The survey of 50 community bank execs found 63 percent...

Spa will honor certificates from bankrubt rival. (Small Business & Retail).(C. Spa Salon)(Brief Article)
February 11, 2002... A local hair salon stunned customers and employees alike when it shut down suddenly Jan. 27. But another hair salon is coming to help out. All eight Primo Salons beauty and day spas in San Diego County were shut down by a U.S. bankruptcy...