News

CIBC U.S. Asset Based Lending closed an upsized credit facility to further support and strengthen long-term client, World’s Finest Chocolate, and its conversion from a family-owned business to a partial ESOP, as well as provide working capital to fuel the...

Ivy Asset Group, a private credit manager focused on specialty finance and asset-based lending, closed a senior secured, first-lien equipment finance facility with Stircor Services, a provider of municipal wastewater treatment services. The financing enables Stircor’s expansion across multiple operating...

Kirt DeHaan joined The Private Bank at PlainsCapital as senior vice president, wealth management market manager for the Dallas region. He will be based at the Hilltop Plaza location in Dallas. In his new role, DeHaan will guide The Private...

City National Bank of Florida (CNB) has appointed Nicolas Young as chief credit risk officer (CCRO). With close to 30 years of experience in both domestic and international credit risk management, Young brings a proven track record in developing and...

North Mill Equipment Finance (NMEF), an independent commercial equipment lender and lessor headquartered in Norwalk, Connecticut, extended and upsized its investment-grade rated corporate notes to $30 million. The company intends to use the net proceeds to support its growth and...

First Business Bank’s accounts receivable financing group funded a $2.5 million factoring facility for a contractor in Virginia that serves the U.S. Federal Government and its prime contractors. “First Business Bank took the time to understand the client’s needs and...

First Citizens Bank, the wholly owned banking subsidiary of First Citizens BancShares, purchased a downtown San Francisco building in support of the company’s large and growing client base in the region. First Citizens will renovate the office space with an...

Lugano Diamonds & Jewelry, a designer, manufacturer and retailer of high-end jewelry, together with certain of its affiliates, have voluntarily filed for Chapter 11 relief in the United States Bankruptcy Court for the District of Delaware to facilitate a value-maximizing...

Moment Energy, a North American EV battery repurposing companies, secured $5 million in growth financing from TD Innovation Partners (TDIP), the innovation banking division of TD Bank. “Over the past two years, TD Innovation Partners has seen firsthand how the...

Silicon Valley Bank (SVB), a division of First Citizens Bank, named a 28-year company veteran, Megan Scheffel, head of life science and healthcare banking. In her role, Scheffel will lead a nationwide team dedicated to providing specialized banking services, debt...