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Apple Valley councilwoman stepping down

Barb Stanton is stepping down from the Apple Valley Town Council. Stanton, who was elected to her first term in 2010, is not seeking reelection and plans move out of state to be closer to her family, according to a statement on the town’s website. “I can’t thank the town …

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Mag Instrument helps local charity

A local nonprofit that helps homeless youth got an assist Tuesday from one of the Inland Empire’s largest manufacturing companies. Mag Instrument Inc., the Ontario company that manufactures the high-end Maglite flashlights used by law enforcement and the military, donated 64 small and large flashlights to SafeHouse, which operates transitional …

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Inland office vacancy drops

A little more than 395,000 square feet of office space was absorbed in the Inland Empire during the first nine months of this year, according to data released this week. That activity was divided almost equally between the east and west end, according to CBRE’s third-quarter report on the Inland …

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CVB Financial has record quarter

CVB Financial Corp., the parent company of Citizens Business Bank, has announced record earnings for the third quarter. The Ontario-based financial institution had a net income of $38.6 million for the quarter that ended Sept. 30, an increase of $8.9 billion year over year, according to a statement. Average earnings …

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Inland school rated good for veterans

Norco College is apparently a good place to go to school if you’re a veteran. For the fourth time in five years, the school has been ranked “Best For Vets” by Military Times, an online publication that covers all branches of the U.S. armed forces. Nationwide, Norco College ranked 12th …

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Financial Ratios- The Tools of Bank Loan Underwriting

By Eugene E. Valdez AKA The Loan Doctor When commercial banks underwrite commercial loans they look at a myriad of factors including but not limited to: a CEO’s management ability, past and future industry trends, a CEO’s business model, the value proposition, sales and earnings trends, EBITDAS, strength of the …

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