Today’s News

    CFA Appoints Gumbrecht as CEO

    The Commercial Finance Association appointed Richard D. Gumbrecht CEO. Gumbrecht had been serving as interim CEO of the CFA since January.

    Former Chase Commercial Exec Joins PNC Business Credit as SVP

    PNC Business Credit appointed Karl Brier as senior vice president and business development officer to its senior secured financing team in the western region. Brier was previously with Chase Commercial where he served as market executive.

    Bank of America Agents Alexander & Baldwin Facility Upsize

    Alexander & Baldwin amended its revolver principally to increase the commitment by $100 million to $450 million. Bank of America served as administrative agent on the deal.

    CFO: Dodd-Frank Reform Likely to Follow Treasury Influence

    In a recent report on Dodd-Frank reform, CFO provided commentary on the most likely outcome which is expected to be more moderate and along the lines of how the Treasury sees it.

    JPMorgan-Led Group Arranges LPL Financial Repricing

    LPL Holdings completed the repricing of its senior secured credit facilities managed by an arranger group of nine banks led by JPMorgan Chase.

    Yutka Rejoins Great American as MD, Corporate Advisory & Valuation Services

    Chad Yutka rejoined Great American Group as managing director, Strategy of its Corporate Advisory & Valuation Services subsidiary.

    Middle Market Businesses Less Optimistic For First Time Since Election

    The RSM U.S. Middle Market Business Index, presented in partnership with the U.S. Chamber of Commerce, announced the index declined in Q3/17, following a record-high reading in Q2/17.

    Lighthouse Bank Adds Two to Management Team

    Lighthouse Bank welcomed 30-year banking veteran, Joseph Wilson as executive vice president, Bay Area manager, and 17-year banking veteran Michael Khan as senior vice president, commercial lender.

    City National Provides $30MM Revolver to Freshpet

    Freshpet entered into a loan and security agreement with City National Bank as arranger and administrative agent that provided for a new $30 million revolving credit facility.

    First Internet Bank Expands Team in Southwest Office

    First Internet Bank added Tim Lamers to its Tempe, AZ loan production office as vice president of Commercial Banking.