Today’s News

    BofA Provides $20MM Facility to The ONE Group

    The ONE Group closed a new credit facility consisting of a $10 million term loan and a new $10 million revolving credit facility. Bank of America acted as the sole lender on the facility.

    A&M’s Hertzberg Appointed First Female President of INSOL Int’l

    Alvarez & Marsal Restructuring & Turnaround Managing Director Julie Hertzberg, head of the Case Management Services division, was appointed president of industry organization INSOL International.

    Bryant Park Capital Arranges $20MM Secured Facility for NLS

    Bryant Park Capital arranged a $20 million senior secured credit facility with an alternative lender to the specialty finance sector for NLS Equipment Finance.

    Lazard Appoints Pigasse Global Head of Banking/Deputy CEO of Financial Advisory

    Advisory firm Lazard appointed Matthieu Pigasse, the current global head of M&A, chairman and CEO of France, and global head of Sovereign Advisory, to global head of Banking and deputy CEO of Financial Advisory.

    SB360 to Conduct Additional Store Closing Sales at 104 Fred’s Stores

    Asset disposition specialist SB360 Capital Partners has been retained by Fred’s Inc. as the exclusive consultant to conduct store closing sales in 104 additional stores.

    Huntington Rolls Out Fraud Protection, Unlimited Transactions for Small Business Owners

    In direct response to consumer insights collected from more than two years of research, Huntington Bank rolled out of a new business banking product suite across its footprint as part of its commitment to help businesses thrive.

    Rosenthal Provides $12.5MM P/O Facility for Footwear Importer

    Rosenthal & Rosenthal completed a $12.5 million inventory production finance deal for an importer of women’s footwear.

    Blue Ridge Bank to Acquire Virginia Community Bankshares

    Blue Ridge Bankshares agreed to acquire and Virginia Community Bankshares (VCB), the parent holding company of Virginia Community Bank, in a transaction valued at approximately $42.5 million in aggregate.

    GE Capital Vet Brandt Joins Gordon Brothers as COO

    Gordon Brothers, the global advisory, restructuring, and investment firm, appointed Michael Brandt its new chief operating officer

    SouthStar Capital Acquires Fintech Firm inFactor

    SouthStar Capital acquired Charleston, SC-based inFactor, strengthening and expanding its service offerings in the factoring and asset-based lending sectors.

    Recent Headlines

    Reuters: OCC Will Reivew Wells Fargo CEO Pick

    KeyBank Provides DIP Financing to Support EdgeMarc 363 Sale

    Axiom Bank Appoints Firios VP/Commercial Relationship Manager

    Ziegler Elects David to Board of Directors

    Cadence Re-Elects Two Directors, Elects One Director to Board