News

According to a FDIC survey, despite holding only 13% of banking industry assets, the data showed that community banks hold 42% of small business loans.

Deloitte Corporate Finance acted as the exclusive financial advisor to ACH Foam Technologies in its sale to Atlas Roofing, a manufacturer of residential and commercial building materials.

Adam Weinstein and Tony Feuerstein joined Sidley Austin’s growing global Private Equity and M&A practices as partners in New York.

TAB Bank provided a $1.2 million revolving credit facility to a trucking company located in Iowa.

Commercial Funding, a national provider of invoice factoring and accounts receivable financing, launched a Spanish language version of their website.

GE named H. Lawrence Culp, Jr. chairman and CEO succeeding John Flannery. The GE board also appointed Thomas W. Horton as lead director.

September’s Credit Managers’ Index saw growth across all sectors and most categories, but this growth may not last, according to NACM Economist Chris Kuehl. Precautionary buying from Chinese tariffs and holiday shopping preparation likely caused an uptick that isn’t expected...

Amerisource Business Capital closed a $1 million credit facility for an industrial cleaning company based in Texas. Proceeds from the facility were used for working capital.

Deloitte Corporate Finance acted as exclusive financial advisor to Austin Foam Plastics, a provider of protective packaging solutions, in its sale to Sealed Air, a global packaging solutions provider.

Byline Bank’s Sponsor Finance Group provided revolver and term credit facilities to finance Salt Creek Capital’s investment in Drake Truck Bodies. Subordinated debt and equity was provided by Spell Capital Mezzanine Partners.