Umpqua Bank Hires Former KeyBanc Exec to Launch Capital Markets Unit

Umpqua Bank hired Chad Riddle, former director of investment banking at KeyBanc Capital Markets, to lead a new Capital Markets division as managing director.

WOCF Launches New ABL Offering Dedicated to the Staffing Sector

White Oak Commercial Finance launched a new asset-based lending offering designed for the staffing sector.

Citizens, Fundation Partner to Offer Digital Business Loans

Citizens Bank launched a new digital lending capability through a collaboration with Fundation that will make it easier for small business customers to apply and receive approvals for loans.

MarketInvoice Launches Business Lending Vertical in UK

UK-based invoice finance company MarketInvoice rebranded and expanded into business lending, offering loans starting at £10,000 ($13,305).

ING, Kabbage Expand Small Business Lending into France & Italy

Kabbage and ING expanded their strategic partnership into France and Italy to provide small businesses with real-time access to working capital.

OnDeck Launches Venture to Enable Real-Time Small Business Loans

OnDeck launched a collaboration with Ingo Money and Visa to enable real-time funding of loans to small businesses via their debit cards, powered by Visa Direct.

Bank of the West Opens Dallas Commercial Banking Center

Bank of the West opened a Commercial Banking Center in Dallas to address the growing global needs of middle-market businesses and the large corporate segment. Former Citibank VP Susan Garner will lead the new center.

Gibraltar Launches Service Line Dedicated to Staffing Industry

Gibraltar Business Capital launched a new service line dedicated to the unique needs of the staffing industry. The firm is partnering with MVP Staffing to focus on factoring solutions geared specifically towards staffing agencies.

Orchard Launches Online Platform to Support Loan Originators

Orchard Platform has launched Deals, an online platform to connect loan originators and institutional investors.

PineBridge Launches Middle-Market Lending Biz

PineBridge Investments brought former Business Development Corporation of America executives Jim Fisher, Joe Taylor and Doug Lyons aboard its credit platform to form the nucleus of its new middle-market direct lending business.