CCB Names Davis as SVP, Market Executive
Citizens Community Bank added John Davis as a senior vice president and market executive. He previously served as VP at Virginia Commonwealth Bank and most recently as city executive for BB&T.
Citizens Community Bank added John Davis as a senior vice president and market executive. He previously served as VP at Virginia Commonwealth Bank and most recently as city executive for BB&T.
Alvarez & Marsal received four top turnaround awards. In addition to the 2013 Global M&A Network’s Global Turnaround Consulting Firm of the Year Award, A&M received Firm of the Year in Telecom & Technology, Media & Entertainment and Corporate Turnaround – Large Markets.
The U.S. banking regulators’ proposal to double the minimum Basel III leverage ratio, referred to as the supplementary leverage ratio, is likely to be manageable for affected banks, Fitch Ratings said.
King Trade Capital funded a $5 million purchase order finance commitment for an Illinois-based importer and distributor of novelty, craft and toy products.
Hansen Medical announced that it signed a $33 million, long-term, debt agreement with White Oak Global Advisors. The new facility will require quarterly interest-only payments through December 30, 2017.
Opus Bank announced the formation of its Merchant Banking division, which will operate as Opus Financial Partners. Geoff Anfuso and Jason Raefski, senior managing directors of the new Merchant Banking division, joined from Wells Fargo and Sunwest Bank, respectively.
Catalysts are beginning to emerge that could prompt an increase in merger and acquisition activity in the U.S. banking sector over the immediate term, according to Fitch Ratings.
Bloomberg reported that Fed chairman Ben Bernanke called for keeping accommodation, although minutes of the FOMC’s June meeting showed members debating whether to stop bond buying by the Fed in 2013.
The Wall Street Journal reported that members of the Financial Stability Oversight Council voted unanimously to designate GE Capital and AIG as “systemically important.”
Balance Point Capital Partners said Justin M. Kaplan joined BPCP as a partner. Previously, Kaplan worked for BNY Mellon Alcentra Mezzanine Partners and Veronis Suhler Stevenson.