SouthState Closes Merger with Independent Financial
Dec 31, 2024 · SouthState Corporation announced the closing of its acquisition of Independent Bank Group on Jan. 1, 2025, through the merger of Independent Financial with and into SouthState. Immediately after the merger, also on Jan. 1, 2024, Independent Financial’s subsidiary bank, Independent Bank, merged with and into SouthState Bank. As a result of these...
The Container Store Group Files for Voluntary Bankruptcy Protection
Dec 23, 2024 · The Container Store Group, the nation’s leading retailer of organizing solutions, custom spaces, and in-home services, announced it will implement a recapitalization transaction to bolster its financial position, fuel growth initiatives, and drive enhanced long-term profitability. To effectuate the transaction, The Container Store and certain of...
Modern Banking Group Appoints Caligor as New Chief Lending …
Oct 17, 2024 · Modern Banking Group (MBG) announced that banking industry veteran, Steven Caligor, has joined our Executive Management Team as Chief Lending Officer and Executive Vice President. In this role, Caligor will lead commercial lending operations, drive growth strategies, expand relationships, and support credit and portfolio oversight. With over 30...
Asset Based Lending Closes $175MM Securitization
Nov 5, 2024 · Asset Based Lending (ABL), a provider of private capital to real estate investors, successfully closed its second unrated securitization, ABL 2024-RTL1, totaling $175 million. This marks the second entry in their securitization program and features an industry-leading ground-up construction focus.The transaction features three classes of notes – A1...
ABL Advisor - Asset Based and Commercial Lending Financial …
Asset based lending (ABL), asset lending, finance, banking and commercial lending news, articles, blogs, analysis, data, ABL deal charts, and tools from finance professionals in the U.S. and worldwide.
Siena Lending Group Announces Leadership Transition Plan
Dec 18, 2024 · Siena Lending Group announced that after highly distinguished careers within the commercial finance industry, Chief Executive Officer (CEO) Dave Grende and Chief Risk Officer (CRO) Steven Sanicola will retire effective February 16, 2025.Both Grende and Sanicola will remain active in Siena’s business, taking on the role of Senior Advisors. Scott Elliotto, who is President of Siena and ...
Equify Financial Launches Receivables Finance Division, Equify …
Nov 14, 2024 · Equify Financial announced the launch of its new division offering receivables lending and ABL capital solutions serving a variety of industry sectors. This new division is officially named Equify Business Funding.The expansion demonstrates Equify’s ongoing commitment to providing innovative financial products that empower businesses to optimize their cash flow and drive growth.
Financial news on asset based and commercial lending topics
5 days ago · Business News by Commercial Finance Topic - Asset Based Lending, Bankruptcy, Banking, Specialty Lending, Factoring, Purchase Order Finance, Real Estate Lending, Turnaround Management and more.
First Citizens Bank Leads $125MM Financing for New Day Healthcare
Nov 21, 2024 · First Citizens Bank announced that its Healthcare Finance division has closed a $125 million senior credit facility for New Day Healthcare, a market-leading provider of home-based services. The funding will refinance New Day’s existing debt, facilitate four acquisitions under letters of intent, and support future acquisition pipelines. First...
MidFirst Business Credit Appoints Nooney as President
Oct 23, 2024 · MidFirst Business Credit, a subsidiary of MidFirst Bank, the largest privately owned bank in the nation, appointed John Nooney as President.Dennis Schlesner, former President of MidFirst Business Credit, retired on October 1, 2024. Nooney brings over 30 years of experience in commercial finance working with portfolio, origination, operations and administrative responsibilities for national ...
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