Sterling to Acquire $458MM Loan Portfolio from Advantage

Sterling Bancorp agreed to acquire a $458 million outstanding loan and lease portfolio from Advantage Funding Management, a part of Macquarie’s Corporate and Asset Finance Group.

Macquarie Closes Acquisition of Advantage Funding

Macquarie Group officially closed its planned acquisition of Advantage Funding on July 31.

Advantage Names Former GE Capital Finance Manager CFO

Advantage Funding announced it named Mark Bonanno as chief finance officer. Previous to joining Advantage, Bonanno served as finance manager in the Corporate Initiatives Group at GE Capital.