Industry News Archives

Press ESC key to close search

City National Bank Launches Corporate Banking Division, Williams to Lead

City National Bank created a new national corporate banking division. Brent Williams, a senior vice president for City National Bank, will lead the new division. Williams also leads the bank’s L.A. Metro commercial banking business unit.

CoStar Honors Keen-Summit Capital Partners, Milazzo with 2020 Power Broker Awards

CoStar Group awarded Keen-Summit Capital Partners the 2020 Power Broker Top Sales Firm award. Additionally, Heather Milazzo, vice president of Keen-Summit Capital Partners, received the 2020 CoStar Power Broker Award for closing the highest transaction volume in commercial real estate deals.

March 5, 2021 Harold Bordwin | Heather Milazzo | Keen-Summit Capital Partners | Matt Bordwin Phil Neuffer

Northeast Bank Sells $1.65B in Funded PPP Loans to Loan Source

Northeast Bank entered into a loan purchase and sale agreement with The Loan Source to sell all loans originated by the bank under the current round of the Small Business Administration’s Paycheck Protection Program.

MUFG Arranges First Project Finance CLO

Mitsubishi UFJ Financial Group acted as a structuring lead on Starwood Property Trust’s first project finance collateralized loan obligation. The deal also represents MUFG’s first structuring lead mandate on a project finance CLO.

March 4, 2021 Andrew Sossen | Mitsubishi UFJ Financial Group | Starwood Property Trust | Tricia Hazelwood Phil Neuffer

Apollo Unveils Impact Advisory Committee, Hall to Chair

Apollo Global Management created an impact advisory committee. The committee, chaired by Lisa Hall, will help guide the Apollo Impact platform and includes 11 members who bring diverse backgrounds and expertise across a variety of fields to focus on the firm’s impact investing platform.

Monroe Capital Receives Minority Investment from Bonaccord Capital Partners

Monroe Capital sold a passive minority equity stake to Bonaccord Capital Partners, a division of Aberdeen Standard Investments. Terms of the investment were not disclosed.

Context Business Lending Launches an E-Commerce Division

Context Business Lending launched an e-commerce division, which was designed to specifically address the needs of e-commerce companies.

March 2, 2021 Context Business Lending | e-commerce | Meredith Carter Phil Neuffer

PNC: Small Business Owners Look to Vaccine-Driven Recovery

Many small and mid-sized business owners strongly support vaccinations for COVID-19 and plan to encourage their employees to get the shots, which are central to a return to normalcy, according to the latest PNC semi-annual national small business survey.

March 2, 2021 Artemis Strategy Group | Gus Faucher | PNC Phil Neuffer

Crestmark Provides More Than $29MM in ABL Solutions in Late January/Early February

Crestmark secured a total of $29,940,115 in asset-based lending financial solutions for 15 new clients and Crestmark Equipment Finance provided $21,737,910 in 14 new lease transactions in late January and early February.

March 2, 2021 Crestmark | Crestmark Equipment Finance Phil Neuffer

Monroe Capital Sponsors Third Special Purpose Acquisition Company

Monroe Capital sponsored MCAP Acquisition Corporation, a special purpose acquisition company. This is the third SPAC for which Monroe Capital has participated as a sponsor investor.

Category: Industry News