Connelly Joins BMO Financial Board of Directors

BMO Financial appointed Kevin Connelly to the BMO Financial board of directors. His appointment is effective January 1, 2019.

Cortland Agrees to $22MM DIP Increase for Troubled Retailer Nine West

According to, Nine West is requesting bankruptcy court approval for an additional $22 million in debtor-in-possession financing as the company’s exit from Chapter 11 will take place at least month later than expected.

Wintrust Acquires American Enterprise Bank Assets and Liabilities

Wintrust Financial’s subsidiary, Northbrook Bank & Trust, completed its acquisition of certain assets and the assumption of certain liabilities of American Enterprise Bank.

Macquarie to Acquire Waypoint Leasing Assets for $650MM

Macquarie Group agreed to purchase troubled lessor Waypoint Leasing for approximately $650 million. Ankura Trust is acting as administrative agent on a $45 million DIP facility to support the transaction.

Ares Provides Senior Secured Credit Facility to Pegasus Foods

Ares Commercial Finance provided a senior secured credit facility to Pegasus Foods. The arrangements consisted of a revolving line of credit and a capital expenditure line of credit.

Isherwood Joins D.A. Davidson & Co. as Managing Director

Scott Isherwood joined D.A. Davidson & Co. as a managing director in the firm’s diversified industrials investment banking team in New York.

Cadence, State Bank Financial to Merge by Year’s End

Cadence Bancorporation received regulatory approval from the Federal Reserve to complete its pending stock-for-stock transaction with State Bank Financial.

Investors Bank Appoints Kalamaras Chief Risk Officer

Investors Bancorp appointed Paul Kalamaras executive vice president and chief risk officer of both the holding company and Investors Bank. Bill Brown will take over Kalamas’ former role of chief retail banking officer.

J D Factors Provides $450K in Factoring Facilities

J D Factors provided $450,000 in factoring facilities for five clients the week of December 3, 2018.

Deloitte: U.S. Dealmaker Optimism for 2019 Hits Three-Year High

According to a Deloitte survey of corporate dealmakers and private equity firms, dealmaker optimism is at a three-year high, with most respondents anticipating more and bigger merger and acquisition deals in 2019.