Fed: Largest Banks ‘Strongly Capitalized’, Pass Stress Tests

According to the Fed, the nation’s largest banks are strongly capitalized and would be able to lend to households and businesses during a severe global recession.

Crestline Investors Promotes Semple to Partner

Crestline Investors named Chris Semple a partner of the firm.

AloStar Agents $12MM Facility for Contec

AloStar Capital Finance agented a $12 million committed credit facility for Contec, a testing and repair company servicing the cable television industry.

Banks Offering Cash to Attract New Depositors

The Wall Street Journal reported that while the Fed has raised interest rates seven times, banks have not passed those increases on to their depositors, but are offering cash payment to new customers.

Santander Adds Two Industry Veterans to Corporate/Investment Team

Jim Volkwein and Eli Chamberlain joined Santander Bank’s Corporate and Investment Banking unit in the U.S.

Deutsche Bank, Others Provide $500MM Loan to Wings Capital

Wings Capital Partners closed a $500 million secured loan facility with a syndicate of six major international banks. Deutsche Bank acted as structuring agent on the transaction.

Pacific Mercantile Provides $4.75MM Facility to Fragrant Jewels

Pacific Mercantile Bank provided a $4.75 million commercial term loan credit facility to Fragrant Jewels.

Sprott Provides $14MM Facility to Alderon Iron Ore

Alderon Iron Ore and the Kami Mine Limited Partnership entered into an agreement with Sprott Resource Lending for a $14 million loan facility.

TCF Supports River Associates Acquisition of Quikserv

TCF Capital Funding provided senior secured financing to support River Associates Investments’ acquisition of Quikserv.

TAB Bank Provides $2.25MM ABL Facility to Chemicals Company

TAB Bank provided a $2.25 million asset-based revolving credit facility to a chemicals company located in Georgia.