July Credit Managers’ Index Rebounds to Pre-Pandemic Levels
The Credit Managers’ Index from the National Association of Credit Management rebounded to pre-pandemic levels after shutdowns and preventative measures greatly impacted the U.S. economy.
The Credit Managers’ Index from the National Association of Credit Management rebounded to pre-pandemic levels after shutdowns and preventative measures greatly impacted the U.S. economy.
Five Star Bank hired Kevin Quinn as senior vice president and commercial banking executive beginning Aug. 10. Quinn will report to Martin K. Birmingham, president and CEO of Five Star Bank.
Field exams have changed in the last decade, with more emphasis placed on work papers. Donald J. Flores explains why this is a dangerous trend and outlines where field examiners should focus their time.
John Larson joined ENGS Commercial Capital as director of credit. In this role, Larson will be responsible for overseeing all credit and underwriting processes for ENGS Commercial Capital.
The U.S. Small Business Administration issued a “green light” letter inviting Capital Southwest to file its application to obtain a license to operate a small business investment company (SBIC) subsidiary.
Sunflower Bank’s leveraged finance team provided $10 million in revolving and term debt commitments to support the acquisition of iolo technologies by RealDefense, a portfolio company of Corbel Capital Partners and Broadstream Capital Partners.
A subsidiary of Retail Ecommerce Ventures signed an agreement to serve as the stalking horse bidder for the intellectual property assets of Modell’s Sporting Goods at a purchase price of $1.965 million.
Alvarez & Marsal hired James Marceau as managing director in its private equity performance improvement group, based in Boston. Marceau also joined the senior leadership team of A&M’s global aerospace, defense and aviation practice.
U.S. Bank hired Elcio Barcelos as senior EVP and chief human resources officer and promoted Greg Cunningham to senior EVP and restructured his role as chief diversity officer to report directly to the chairman, president and CEO of the bank. The bank also promoted Dominic Venturo to senior EVP and chief digital officer.
Amerisource Business Capital closed and funded a $4.5 million credit facility for a Texas-based real estate firm, which is using the proceeds to refinance a maturing bank loan.