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Credit union has strong quarter

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Altura Credit Union in Riverside reported a net income of nearly $4.2 million during the third quarter. That marked the 10th consecutive quarter that Altura Credit, which has posted $12.7 million in earnings this year, recorded a profitable quarter, according to a report originally published in The Press-Enterprise. Altura Credit …

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Local bank wants to help high-tech entrepreneurs

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The parent company of Riverside-based Security Bank of California has entered into an agreement that will provide venture capital to people who are interested in starting high-tech projects. James A. Robinson, chairman and chief executive of Security California Bancorp, called the partnership with Grayhawk Capital an attempt to create jobs …

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Project to generate more tax revenue

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Upland officials expect to get a major boost in tax revenue when the next phase of a master-planned community in the city is completed. The next addition of Colonies Crossroads will generate between $800,000 and $1 million a year in revenue for the city general fund, an estimate that does …

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Second thoughts about incorporation

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California’s newest city might not be a city for much longer. Jurupa Valley, which incorporated two years ago, could file for disincorporation by the end of the year if the state doesn’t restore funding, according to a published report. City officials expect the city to run out of money by …

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San Bernardino must show how it will handle creditors

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Now that it’s been declared eligible for bankruptcy protection, San Bernardino must prepare a plan explaining how it will deal with its creditors. U.S. District Judge Meredith Jury ruled that the city has until Oct. 15 to present its plan, a much earlier deadline than the city had asked for.Attorneys for San Bernardino …

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Bank building sold

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JP Morgan Chase and Co. will sell the Chase Bank building in Pomona. However, the seven-story structure at Gary Avenue and West Second Street on the Pomona Mall will remain a bank, according to a published report. Western University of Health Sciences, which is across Garey Avenue on the east …

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