FINANCE.

Authors :: Allen, Mike
Source :: San Diego Business Journal; 2/7/2005, Vol. 26 Issue 6, p30-30, 2/5p
Publication Year :: 2005
Abstract: The article reports that San Marcos, California-based Discovery Bank plans to offer lines of credit through its announced acquisition of Celtic Capital Corp., a Santa Monica-based commercial finance company with a loan portfolio of $23 million. Discovery chief executive officer Jim Kelley said the acquisition, for a $1,7 million premium plus $4.8 million in Celtic debt, should result in plenty of new business opportunities. He said that establishing a bank holding company may also lead to new business offerings.