Wells Fargo promoted Kristin Lesher, a 21-year veteran of the company, to lead middle market banking. Lesher previously led middle market operations across 19 states, Washington, D.C., and eastern Canada as head of the east region for the company.
Huntington Business Credit closed a $10 million credit facility for Mid America Freight Logistics, which used proceeds of the facility to refinance existing indebtedness and to provide ongoing working capital growth financing.
Ares Management formed Ares Wealth Management Solutions, which will oversee activities across Ares’ investment offerings in the global wealth management channel. Ares named Raj Dhanda global head of wealth management and leader of the new division.
Taulia, a financial technology provider of working capital solutions, appointed Todd Musselman chief wellbeing officer. Under Musselman’s leadership, Taulia will aim empower its more than 300 employees and help them maximize their professional and personal performance and development.
At special meetings of their respective shareholders held on Friday, shareholders of Shore Bancshares, the holding company of Shore United Bank, and Severn Bancorp, the holding company of Severn Savings Bank, approved the merger of Severn with and into Shore.
Lawrence Financial Group provided $135 million in financing during the first three quarters of 2021, with transactions including lines of credit, subordinated debt, purchase order funding, term loans, inventory facilities, floor plans and factoring lines.
Haversine Funding recently closed $19.3 million in transactions, including a $13 million senior secured lender finance facility to an equipment lender specializing in truck and trailer loans in the United States.