BankFinancial Corporation expanded its board of directors with the election of Aaron O’Connor and Benjamin Mackovak. On Feb. 7, 2024, BankFinancial, Strategic Value Bank Partners, Strategic Value Investors and Mackovak agreed to a standstill agreement.
Key Private Bank, the wealth management division of KeyCorp, was awarded for the best “Private Banking Client Service” at the Private Asset Management (PAM) Awards in New York City.
Alternative investment firm Silver Creek Capital Management hired David Matter as co-chief investment officer. Matter was most recently a managing director and co-chief investment officer of BlackRock Alternative Advisors, BlackRock’s hedge fund solutions business.
Republic Business Credit provided a $4 million factoring facility to a swimwear manufacturer. Because of its partnership with Republic Business Credit, the swimwear company has shipped more than 10 million orders for the upcoming spring swim season.
Shareholders of Central Valley Community Bank and Community West Bank approved the merger of the two banks and their holding companies. Additionally, all required regulatory approvals have been received for the merger and the closing of the transaction is expected to be completed as of April 1.
Aircastle amended and extended all of its existing revolving credit facilities, increasing the aggregate capacity of the facilities to $2.1 billion and extending the maturity dates to 2027 and 2028.
Investment bank Matrix Capital Markets Group advised Hicks Oils & Hicksgas Incorporated on the sale of its Hicks Oils lubricants business to Schaeffer Manufacturing Company.
The U.S. Bankruptcy Court of the Northern District of Alabama (Birmingham) approved the sales of four separate Burger King stores owned by Premier Kings, which filed for Chapter 11 bankruptcy protection last fall. Aurora Management Partners operated the franchise in 2023.
Asset manager PineBridge Investments closed PineBridge Private Credit III (Fund III) as part of the firm’s lower-middle-market direct lending strategy. Inclusive of fund-level leverage, the firm’s private credit team raised $1.7 billion of capital in Fund III.
Healthcare partner Douglas B. Swill joined Sheppard, Mullin, Richter & Hampton’s Chicago office. Swill is the 14th lateral partner to join Sheppard Mullin’s healthcare team over the last three years. He was most recently a partner at Faegre Drinker Biddle & Reath.