News

Gunjan Kedia, CEO and president of U.S. Bancorp, parent company of U.S. Bank, has been appointed chairman of its board of directors, effective immediately following the annual meeting of shareholders in April 2026. Andy Cecere, the current executive chairman, will...

Lassen Peak completed debt and equity financings totaling over $10 million. The financings were led by Structural Capital, a Menlo Park, California growth-focused venture and private credit firm. In addition to Structural Capital’s venture debt financing, existing shareholders provided additional...

Utica closed an $11 million capital lease for a vertically integrated construction, trucking, turf-farming and materials group operating throughout the mid-Atlantic region. Secured by a broad pool of heavy equipment including trucks, trailers, dozers, excavators, graders, loaders and turf-farm machinery,...

Flagstar Bank opened its newest private client office in New York City. The new location marks a major milestone in the bank’s strategic expansion and is designed to foster collaboration and strengthen client relationships. “New York City has long been...

Provident Bank, a New Jersey-based financial institution, recently awarded an additional $50,000 in grants to five non-profit organizations as part of the Federal Home Loan Bank of New York (FHLBNY) Small Business Recovery Grant (SBRG) Program. The SBRG Program provides...

MidCap Business Credit closed a $12 million asset-based credit facility for a sponsor-owned distributor of specialty chemicals and materials. The credit facility is comprised of a working capital revolver and a machinery and equipment term loan. The credit facility will...

Cambridge Wilkinson closed a $50 million senior secured revolving credit facility for a specialty finance platform focused on litigation-related receivables. The facility provides committed, multi-year capital to support the acquisition and financing of U.S.-based pre-settlement and medical receivables associated with personal injury...

Cortland Credit Group closed a C$15 million asset-based loan (ABL) revolver for a Canadian veterinary pharmaceuticals company. The ABL facility includes an uncommitted C$15 million accordion, allowing the borrower to increase the commitment to C$30 million. This is a syndicated transaction,...

Versant Funding funded a $5 million non-recourse factoring facility to a company that manufactures products for a large customer base, including a large American municipality. After a transition to private equity ownership and management restructuring, the company required an infusion...

Alkami Technology, a digital sales and service platform provider for financial institutions in the U.S., has identified the top trends shaping business and commercial banking in 2026, based on proprietary market research that surveyed banks and credit unions across the...