Chino Commercial Bank announces $120K profit

Chino Commercial Bancorp, parent company of Chino Commercial Bank, earned about $120,000 in profit during the quarter ending Sept. 30.

That number compares with the $194,000 the company earned during the equivalent three-month period last year.

For the first nine months of this year, Chino Commercial Bancorp. reported a profit of about $273,000, which is about 9.6 percent greater than last year’s earnings.

The bank had $106.2 million in assets at the end of the quarter.

Bank president Dann H. Bowman<NO1> cq<NO> said in a statement that the bank’s customers appear to be benefitting from improved economic conditions. The bank only had a single delinquent loan at the close of the quarter, and the loan has been paid off since the end of the reporting period.

Redlands business incubator seeks applications from startups

LaunchPad301, a private
Redlands business incubator seeking to finance the creation of new
technology firms, is looking for applications.

LaunchPad301 offers seed funding, mentoring and access to
investors and suppliers in exchange for a 6 percent to 9 percent equity
position in selected startups.

Applicants can go online for more information and to apply.

Fresh & Easy announces spinach recall after listeria test

Fresh & Easy Neighborhood Market has announced the recall of 12-ounce bags of washed spinach with an “enjoy by” date of Oct. 16.

The El Segundo-based company announced the recall after a test conducted on behalf of the U.S. Food and Drug Administration confirmed to be positive for listeria monocytogenes.

No reported illnesses have been reported in connection with the recalled spinach.

Listeria monocytogenes is the same species of bacteria responsible for a deadly outbreak of listeriosis traced to cantaloupes farmed in Colorado.

Symptoms of listeriosis can include high fever, severe headache, nausea and abdominal pain. The illness can be fatal to young children, frail individuals or the elderly. The disease can also cause miscarriages or stillbirths.

Anyone in possession of the recalled spinach is advised to immediately throw it away.

State senator to host unclaimed property workshop

The district office of
state Sen. Gloria Negrete McLeod, D-Montclair, plans to host a workshop
on how to reclaim unclaimed property.

Lost or forgotten property that may be recoverable through the
state’s unclaimed property program include bank accounts, stocks and
other securities, cashier’s checks and money orders.

The workshop is scheduled to from 10 a.m. to 2 p.m. Saturday
at the senator’s offices at 4959 Palo Verde St., Suite 110B, Montclair.

Information: 909-621-2783

Distribution center needs 400 workers

Finesse Staffing announced that the compmany is taking applications for 400 skilled and general labor positions at Ingram Micro’s distribution center in Ontario.

Ingram Micro is technology distributor based in Santa Ana. The company needs cherry picker, reach and forklift drivers, machinists and general warehouse workers. Positions pay between $9 and $17 per hour.

Finesse Staffing is accepting applications at its office at 10600 Trademark Parkway, Suite 407 in Rancho Cucamonga. The office is open to job seekers from 9 a.m. to 11 a.m. and from 1 p.m. to 3 p.m. Monday through Friday. Applicants will need two forms of valid identification.

Information: 909-466-9933.

Redlands tech company reaches agreement with IBM

ESRI, a Redlands-based developer of mapping software, announced a deal to integrate its technology with IBM products.

The agreement will allow ESRI’s ArcGIS geographic information software to be integrated with IBM’s Netezza data storage products. Integrating the products will allow the companies’ customers to geospatially analyze large amounts of data at high rates of speed, ESRI reported.

The ESRI-IBM product is scheduled to be released in early 2012.

Equity firm completes purchase of Pomona manufacturer

Warburg Pincus, a private equity firm headquartered in New York City, has closed its acquisition of Pomona-based Consolidated Precision Products Corp.

Terms of the deal, first announced in September, were not disclosed.

Consolidated Precision Products produces components for customers in the aerospace and defense industries.

Warburg Pincus purchased the manufacturer from Arlington Capital Partners, a Washington, D.C.-basee invesment firm.

Mojave Desert mining firm signs labor deal

Molycorp, Inc., the mining firm that operates a rare earths metals mine in the San Bernardino County desert, announced Monday that the company has agreed to a three-year contract with United Steelworkers members working at the mine.

Molycorp’s mine is at Mountain Pass, near the Nevada state line. The mine is the only place in the United States where the natural elements known as rare earths metals are extracted from the ground.

China leads the world in rare earths production. The elements are used to manufacture powerful magnets and components in many products, such as smart phones and missiles.

Molycorp is headquartered in Colorado.

Citizens Business Bank schedules earnings release, conference call

CVB Financial, the parent company of Citizens Business Bank, plans to release its third-quarter earnings release after the close of markets on Oct. 19.

A conference call is scheduled to begin at 8:30 a.m. the following day.

Interested parties can listen to the call by dialing 877-317-6789 or accessing the company’s website.

CVB Financial is based in Ontario.