News

NB Bancorp, the holding company for Needham Bank, and Provident Bancorp, the holding company for BankProv, jointly announced that: All closing conditions under the merger agreement have been satisfied and the parties have initiated steps to complete the merger transaction...

Monroe Capital was selected as the recipient of the 2025 Top Private Debt Firm by GrowthCap Advisory. Monroe has earned this recognition for the second consecutive year. The review considered experience, demonstrated success, team caliber and organizational strength, among other...

AI infrastructure spending remains surprisingly up as hyperscalers signal robust growth, providing the basis for positive rating actions in Q3/25, according to S&P Global Rating. Enterprise IT spending persists despite macroeconomic uncertainties as enterprises push productivity gains while capping job...

The Partner Companies (TPC), a U.S.-based advanced manufacturing company, completed a $200+ million syndicated credit facility led by Huntington Bank. The transaction strengthens TPC’s capital base and provides long-term flexibility to support the company’s strategic initiatives and growth. Closed on...

The asset-based lending (ABL) group at Bank of Ann Arbor has successfully closed three new client transactions, providing ABL lines of credit totaling $9.75 million, as well as $3.4 million in commercial real estate mortgage (CREM). A Michigan based plastic...

JPalmer Collective (JPC), an asset-based lending firm dedicated to supporting high-growth, women-owned and -led, and natural products companies, closed a $6.5 million line of credit to M2 Ingredients, the largest functional mushroom grower and supplier in the Western Hemisphere. “It’s...

nFusion Capital, a provider of financing solutions to small and middle-market businesses, provided a $2 million asset-based lending facility to a West Coast-based HVAC system contractor. The financing will support the company’s expanding project backlog and continued growth. With growing...

Blank Rome expanded its finance, restructuring, and bankruptcy practice with six new associates across major markets. The additions include Joseph “Joe” M. Robinson in Chicago, Shamila Kara in New York, and Cooper H. Moore in Dallas. Joining them are first...

Quirch Foods, a distributor and exporter of protein and specialty food products across the United States, Puerto Rico and Latin America, completed a $1.1 billion strategic debt refinancing led by Ares U.S. Direct Lending funds and Regions Bank, with participation...

Eastern Bank welcomed Robin Moses as senior vice president, team leader for commercial and industrial banking in Rhode Island. Moses brings more than two decades of experience in commercial lending, relationship management and community leadership. An accomplished commercial banker, Moses...