Community Bank, a business bank with 15 branches in San Bernardino, Los Angeles, Riverside and Orange counties, reported a $25.2 million profit for the year ending Dec. 31.
The bank’s profit compares with a $20.7 million profit earned in 2010.
The bank also reported a decrease in its reserve for loan losses. At the end of last year, the bank reported a $37.5 million, or 2.12 percent, of its total loans as being reserved for potential losses. That number is down from $39.7 million, or 2.25 percent of outstanding loans, at the end of 2010.
Community Bank has $2.6 billion in reported assets. The bank’s branches include locations in Ontario, Fontana and Redlands. Community Bank’s main office is in Pasadena.
The Leapfrog Group, an organization representing many private and public sector health care purchasers, included Kaiser Permanente’s medical centers in Fontana and Riverside on its “Top Hospital” list.
No other Inland Empire hospitals made the list.
Leapfrog Group named 65 U.S. hospitals to the list. Making the list signifies that Leapfrog observed low incidences of medical errors, reduced mortality for high-risk procedures and reduced readmissions.
A total of 17 Kaiser Permanente facilities up and down California made the list.
Rio Ranch Markets, a grover specializing foods employed in the preparation of Latino cuisine, has signed a 10-year lease at Southridge Plaza in Fontana, the brokerage invvolved in the deal announced.
Argent Retail Advisors founder Terry Bortnick represented the grocer and property owner, which is Mabela, LLC. The dollar value of the lease was not disclosed.
Southridge Plaza is in the 11600 block of Cherry Avenue, near Live Oak Avenue in Fontana. Rio Ranch is set to take up space previously occupied by a Ralph’s store.
The new Rio Rancho store is scheduled to open in the second quarter of 2012. The grocery chain is headquartered in Riverside.
Family Dollar, a chain of discount stores, plans to open four Inland Empire stores this month.
The Charlotte, N.C.-based company has Nov. 17 scheduled as the opening date for stores in Ontario, Fontana, Rialto and Riverside.
Family Dollar plans to make the Ontario store its West Coast flagship and company executives are scheduled to appear at a grand opening event there on Nov. 17 and make a $5,000 donation to Second Harvest Food Bank.
The Ontario store is at 980 N. Mountain Plaza. The other stores are at 8933 Sierra Avenue, Fontana; 552 W. Foothill Blvd., Rialto and 5608 Van Buren Blvd., Riverside.
Builder Lennar plans to hold a grand opening today fort its “Next Gen” home design at Rosena Ranch, a development north of Fontana near Glen Helen Regional Park.
Lennar describes a Next Gen house as a “home within a home.” The houses, designed for two generations of a family to live in the same house, feature two entryways and kitchenettes and washing machines each house’s secondary area.
Lennar’s sales office is at 17868 Grand Fir Lane, San Bernardino.
Anna’s Linens plans to host a grand opening Wedesday for a new 410,000-square-foot distribution center in Fontana.
The new center has led to the hiring of 130 people, the company reported.
The grand opening event is scheduled to begin at 10 a.m. Wednesday. The facility is at 10721 Jasmine St., Fontana.
Janice Rutherford, supervisor for San Bernardino County’s Second District, announced a business roundtable meeting to be held Thursday night.
Rutherford called the meeting meet business managers and entrepreneurs in order to collect ideas on how county government may be able to improve the business climate, her office announced.
The event is set to be held from 6 to 7:30 p.m. Thursday at Jessie Turner Community Center, 15556 Summit Ave., Fontana.
Information: 909-387-4833 or www.sbcounty.gov/rutherford.
Banking on a growth in residential real estate in coming years, Lewis Investment Company and Van Daele Development said Monday they have purchased a 35-acre site in north Fontana to develop over the year.
The companies are planned to work with the city of Fontana to build 100 to 150 single-family homes that will be available for sale in 2012. The site, west of the Interstate 15 and north of Duncan Canyon Road, is planned to price the homes from the low $300,000 to mid $400,000 range.
Lewis Investment Company is a member of the Lewis Group of Companies, based in Upland. Van Daele Development is a private real estate development company. The seller was TC-Met Fontana, represented by Doug Jorritsma from Land Advisors in Irvine.