FDIC: Q1 Bank Earnings Up 27.5%; Chairman Warns of ‘Reach for Yield’
The FDIC reported Q1/18 aggregate bank earnings of $56 billion were up 27.5% from the same quarter last year. The...
Forward for Specialty Finance
Gordon Bros, Others Bid to Save Necco Wafers
According to the Chicago Tribune, three new bidders have emerged to challenge stalking horse bidder Gordon Brothers’ effort to purchase...
BMO Taps Callahan as Director, BDO, Diversified Industries
Thomas Callahan joined BMO Harris as director, Business Development, Diversified Industries in Kansas City, MO. _x000D_ _x000D_ _x000D_
Frazier to Lead Wells Fargo Innovation Team Upon Ellis Retirement
Steve Ellis, head of the Wells Fargo Innovation Group, will retire after 31 years with the bank. Liza Frazier will...
Sterling Provides $5.7MM LCP Machine Facility to Support Acquisition
Sterling National Bank provided credit facilities totaling $5.7 million to LCP Machine to support its acquisition by Miami-based private equity...
Cortland Capital Agents $165MM Term Loan for Itafos
Itafos signed an agreement with a syndicate of lenders to provide a $165 million secured term loan. Cortland Capital Market...
Opus Bank Adds BofA SVP to LA Commercial Banking Team
Argisht Minasyan, a 22-year banking veteran, joined Opus Bank as senior managing director and senior client manager.
Bibby Provides $3.87MM A/R Facility to IT Systems Manufacturer
Bibby Financial Services completed the funding of a C$5 million ($3.87 million) accounts receivable facility to an Ontario-based IT systems...
ENGS Adds Pocock to Working Capital Subsidiary
Travis Pocock joined ENGS Commercial Finance’s subsidiary, ENGS Commercial Capital, as vice president, business development manager.
TAB Bank Provides $300K Revolver to Trucking Equipment Firm
TAB Bank provided a $300,000 revolving credit facility for a Ohio-based trucking equipment company.
