News

nFusion Capital recently provided a $6 million asset-based lending facility to an electrical contracting company providing services for commercial, residential, industrial and custom electrical projects. The company needed additional working capital to keep pace with expanding project demand. Its existing...

Curaleaf, an international provider of consumer cannabis products, entered into an amended and restated credit agreement with Needham Bank of its revolving credit facility, expanding the borrowing capacity from $40 million to $100 million and extending the maturity to up...

Aptera Motors, the solar mobility company focused on developing highly efficient vehicles, entered into a share purchase agreement providing for up to $75 million of committed equity financing with New Circle Principal Investments, an affiliate of growth-focused investor New Circle...

Darrell Adams, chief credit officer of PlainsCapital Bank, will retire on Nov. 10, 2025, after 37 years of dedicated service. Brent Raindl, currently Dallas region chairman, will succeed Adams as chief credit officer, and Thomas Ricks, president of PlainsCapital’s North...

First Foundation, a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors (FFA) and First Foundation Bank (FFB), appointed Dean R. Glassberg as executive vice president, chief credit officer of FFB, effective Oct. 14, 2025. In this role,...

CIBC Innovation Banking provided a $1.5 million debt facility in growth capital to Vessel Funds, a platform that aims to simplifies investor relations, fund reporting and compliance tasks. The financing will support Vessel’s continued global expansion and product innovation. “We...

WSFS Financial, the parent company of WSFS Bank, appointed Bernard “Bernie” Shields as executive vice president, Pennsylvania market president. In this role, Shields will report to executive vice president, chief commercial banking officer Jim Wechsler and will be responsible for...

Horizon Bancorp appointed Larry S. Magnesen to serve as independent director on the company’s board of directors, effective on Oct. 10, 2025. Currently serving on Horizon Bank’s board of directors, Magnesen is the retired senior vice president, corporate communications director...

Susser Bank appointed Aaron Loose as senior vice president, commercial banking in its Downtown Fort Worth office, where he will help North Texas business owners, entrepreneurs and family offices navigate growth with tailored credit and treasury solutions. Loose is a...

Global professional services firm Alvarez & Marsal (A&M) formed a footprint in Japan with new offices in Tokyo and Osaka and the hiring of 14 professionals, including six managing directors and eight supporting staff. A&M Japan opens with M&A transaction...