State Bank Financial Completes Merger with AloStar Bank of Commerce

State Bank Financial completed its merger with AloStar Bank of Commerce for $197.6 million in cash.

State Bank Financial Acquires AloStar Bank of Commerce

State Bank Financial and AloStar Bank of Commerce signed an agreement for State Bank to acquire AloStar in an all cash transaction with a purchase price estimated to be $196 million.

KeyBank Downsizes Gladstone Facility to $165MM

Gladstone Investment reduced its credit facility from $185 million to $165 million. KeyBank served as administrative agent for a group of lenders including Alostar Bank of Commerce, M & T Trust, East West Bank, Chemical Bank and Customers Bank.

Deutsche Bank Agents $200MM Refi for TriplePoint

TriplePoint Venture Growth has renewed its existing $200 million revolving credit facility. Deutsche Bank served as administrative agent and lender.

Alostar, Comvest Close $40MM Portion of Facility for Chrome Capital

Chrome Capital announced it has closed on the first $40 million of an $80 million senior credit facility with Alostar Bank of Commerce and Comvest Capital as co-lenders.

Key Expands Horizon Revolver to $70MM; AloStar Adds $20MM

Horizon Credit II has amended its syndicated revolving credit facility with a lender group led by KeyBank. The amendment increases the size of the facility to $70 million by adding a $20 million commitment from AloStar Bank of Commerce.

Alostar Extends $20MM Broadwind Energy Credit Facility

Broadwind Energy announced the extension of its $20 million credit facility with AloStar Bank of Commerce, consisting of a $15 million revolving line of credit and a $5 million term loan.

AloStar, Others Provide Rebranded RetailCapital Facility

RetailCapital announced its re-brand as Credibly, along with the establishment of a facility with three participating banks — AloStar, WebBank and CapitalSource, a division of Pacific Western Bank.

AloStar Amends Lakeland Revolver

Lakeland Industries amended its senior revolver with AloStar Bank of Commerce. Maximum borrowing capacity under the facility remains $15 million.

AloStar CEO to Retire; McGhee to Take Over

AloStar Bank of Commerce Chairman and CEO Michael J. Gillfillan has announced his retirement effective April 15, 2015. The board announced the appointment of Andrew S. “Andy” McGhee as CEO.