North Mill Supplies $18MM Revolving Line of Credit to Optical Cable
North Mill Capital provided an $18 million asset-based revolving line of credit to Optical Cable Corporation, which used the funds...
Forward for Specialty Finance
Ameris Bank Expands Commercial Banking Reach Across the Southeast
Ameris Bancorp, the parent company of Ameris Bank, hired six new banking professionals to support its expanding market presence, including...
Old Point National Bank Opens Commercial Lending Office in Richmond, VA
Old Point National Bank opened its first commercial lending office in the Richmond, VA, area, with Philip Hager and Linnett...
Fraser to Succeed Corbat as CEO of Citi
Michael Corbat, CEO of Citi, will retire and step down from the company’s board of directors in February of 2021....
Ares Provides $100MM in New Equity Capital as Hornbeck Emerges From Chapter 11
Hornbeck Offshore Services emerged from Chapter 11. As part of its plan of reorganization, Hornbeck also closed on its common...
Kintzing Joins WSFS as SVP, Senior Relationship Manager for Commercial Banking
Scott H. Kintzing joined WSFS Bank as senior vice president and senior relationship manager for commercial banking. Kintzing joined WSFS...
Tiger Group to Sell Surplus Assets for Aprinta Group
Tiger Group will begin accepting bids on Sept. 15 for an online auction of Aprinta Group’s surplus assets, including equipment...
Where Money Moves Like Molasses: Lending to The Advertising Media Space
Global spending on advertising in 2020 is forecast to exceed $700 billion. Bernard Urban investigates the complexities of lending to...
Broken Leveraged Loans: The Coming Feast For Asset-Based Lenders
Institutional investors, under pressure to deploy funds, have resorted to taking on even more risk. Hugh Larratt-Smith examines the proliferation...
Collateral Description By Reference
Jeffrey Wurst examines two standards of the UCC for collateral description. He explains why lenders must exercise caution when intending...
