News

The PNC Financial Services Group completed its acquisition of FirstBank, including its banking subsidiary, following receipt of all required regulatory approvals and satisfaction of customary closing conditions. The transaction further advances PNC’s strategic growth strategy and expands the bank’s presence...

The 2025 Banking Tech Award for the Best Solutions Provider in WealthTech has been awarded to InvestiFi, recognizing its innovative platform, which enables bank and credit union members to invest in stocks, ETFs and crypto directly from checking with the...

LifeMD, a provider of virtual primary care and pharmacy services, closed a new senior secured revolving credit facility (RCF) with Citizens Bank. The facility has a maturity date of Jan. 2, 2029 and provides for up to $50 million of...

TPG, a global alternative asset management firm and Jackson Financial, a U.S. retirement services firm, established a long-term, strategic investment management partnership. Under the agreement, TPG will manage a minimum commitment of $12 billion of AUM for Jackson, with economic...

Solifi, a global provider of secured finance software solutions, announced the launch of Experience Hub, a modern digital experience platform designed to help secured finance organizations deliver clearer more intuitive customer engagement. Built on Solifi's cloud native Open Finance Platform,...

Provident Bank, a New Jersey-based financial institution, released the results of its annual Economic Outlook Survey. The findings signal a decisive shift in business sentiment. While business owners remain mindful of inflation and trade tensions, the “wait and see” period...

David H. Kaufman has joined Blank Rome’s New York office as senior counsel in the finance, restructuring and bankruptcy group. Kaufman will also be a member of the financial services and energy industry teams, drawing from extensive experience in U.S....

The private credit team of Adams Street Partners, a private markets investment firm with more than $65 billion in assets under management, closed a $350 million middle market collateralized loan obligation (CLO), ASP PIF CLO I. The transaction marks a...

Marathon Asset Management and Webster Bank closed a senior secured credit facility to support H.I.G. Capital’s acquisition of Shore Excursions Group. Marathon served as lead left arranger, while Webster acted as administrative agent for the transaction. The financing was provided...

Altriarch Asset Management closed a $20 million invoice factoring facility to support the ongoing expansion of a leading global staffing and workforce management provider. For over 20 years, the company has delivered payroll, compliance and workforce management solutions to clients...