SB360 to Conduct Additional Store Closing Sales at 104 Fred’s Stores

Asset disposition specialist SB360 Capital Partners has been retained by Fred’s Inc. as the exclusive consultant to conduct store closing sales in 104 additional stores.

Huntington Rolls Out Fraud Protection, Unlimited Transactions for Small Business Owners

In direct response to consumer insights collected from more than two years of research, Huntington Bank rolled out of a new business banking product suite across its footprint as part of its commitment to help businesses thrive.

Reuters: OCC Will Reivew Wells Fargo CEO Pick

Reuters reported that the Office of the Comptroller of the Currency told Congress that it will will review the next pick for Wells Fargo’s chief executive.

Axiom Donates $200K to Support Emory University Brain Disease Research

Axiom Bank donated $200,000 to the Emory Brain Health Center. This gift will help fund further research aimed at developing new treatments for brain diseases such as epilepsy, Parkinson’s and depression.

Concord Provides $7.5MM Revolving LoC to Specialty Resin Supplier

Concord Financial provided a $7.5 million senior secured revolving line of credit to a supplier of specialty resin located in the Southeastern United States.

Three New Members Join Cambridge Trust Board of Directors

Cambridge Bancorp appointed three new members to the Cambridge Trust board of directors: Thalia Meehan, Daniel Morrison and Jody Rose.

Amerisource’s Floyd, Monk Nominated for EY Entrepreneur of the Year Award

Jason Floyd and Michael Monk of Amerisource Business Capital have been designated finalists for EY’s Entrepreneur of the Year 2019 Award in the Gulf Coast Area.

Marquette Funds $21MM+ in Secured Facilities for Three Companies

Marquette Business Credit recently funded three new facilities with new commitments totaling more than $21 million. The borrowers included The Hibbert Company, Stalcop, and Prestige Farms.

Wells Fargo Survey: Business Owners Show Optimism, Confidence in Economy

Optimism among small business owners is strong, according to the latest quarterly Wells Fargo/Gallup Small Business Index. The survey also revealed that over half of business owners reported little impact to their tax situation along with a rising interest in credit.

CIT Arranges $64MM Refinancing for Assisted Living Facilities

CIT Group’s Healthcare Finance business served as sole lead arranger for a $64 million loan to refinance assisted living facilities in Florida.