News

Calumet amended its existing asset-based loan (ABL) facility to extend the maturity date from January 2027 to January 2031. The amended facility provides for total commitments of $500 million, subject to borrowing base limitations, and is led by Bank of America as...

Brean Capital, an independent investment bank focused on capital markets and advisory services, has completed its acquisition of strategic business units from Janney Montgomery Scott. With the closing of this transaction, Brean Capital adds a team of approximately 50 capital...

CB Financial Services, the holding company of Community Bank, promoted Amanda L. Engles to executive vice president and chief financial officer of the company. Engles most recently served as interim chief financial officer of the company and served as senior...

California BanCorp, the holding company for California Bank of Commerce, has hired two seasoned commercial bankers to strengthen its presence in its Northern California footprint. Linda Wang has joined the bank’s San Jose office, and Angel Herrera has joined its...

Tiger Group opened the first auction in a series of receiver-ordered liquidation sales of trucks, tractors and other assets formerly owned by a national transportation company, Mongomery Transport. Bidding is underway in the SoldTiger.com auction, which closes on Tuesday, Feb....

Customers Bank, the over $24 billion subsidiary of Customers Bancorp, appointed Steve Wyremski as chief operating officer, effective Jan. 26, 2026. Wyremski brings more than two decades of financial and operational leadership experience to the role, with a proven track...

Souheil Badran, senior executive vice president and chief operations officer of U.S. Bancorp, the parent company of U.S. Bank, will retire from the bank this spring. “Souheil has led our operations function with distinction and a keen eye toward elevating...

Thomas P. Tulaney has informed Peoples Financial Services, the bank holding company for Peoples Security Bank and Trust, of his retirement from his roles as president of Peoples Financial and president and director of the bank, effective April 3, 2026. Tulaney...

James B. Dworkin will retire from Horizon Bancorp’s board of directors effective at the expiration of his current term on May 7, 2026. Dworkin provided written notice of his decision on Jan. 20, 2026, which was accepted by the board...

Gibraltar Business Capital (GBC) completed a $20 million senior secured facility for a portfolio company of a private equity firm. This financing provides additional working capital to support the company’s continued operational momentum and strategic investments for its next phase...