News

Asset-based lenders spent the week writing borrowing bases rather than pricing grids. On September 1, Smart Sand amended its senior secured asset-based credit agreement to lift revolving commitments from $30 million to $50 million, with First-Citizens Bank & Trust Company...

SubChapter V elections within Chapter 11 increased to 302 filings in August 2026, up 63% from the 185 filings recorded in August 2025, according to data provided by Epiq AACER, a provider of U.S. bankruptcy filing data. Key August 2026...

Intellia Therapeutics, a biopharmaceutical company focused on revolutionizing medicine leveraging CRISPR gene editing and other core technologies, entered into a $400 million non-dilutive senior secured term loan facility with OrbiMed, a global healthcare investment firm. The transaction provides Intellia with...

Euro Sun Mining entered into a non‑binding Memorandum of Understanding (MoU) dated Sept. 3, 2026 with Macquarie Bank and Trafigura. Under the terms of the MoU, the parties will work together on a proposed senior project finance facility of up...

Great Rock Capital, a private credit firm specializing in middle market lending, promoted Christina Zielinski to chief commercial officer and head of originations, and Jake Goldberg to head of capital markets. Zielinski and Goldberg will be based in the New...

Mark Metcalfe, executive vice president and Central and South Texas president at Susser Bank, has been named to the Texas Bankers Association’s board of directors. Metcalfe brings more than 30 years of commercial banking and leadership experience to the board....

EverBank Financial, the parent company of EverBank, and WaFd, the parent company of WaFd Bank, entered into a definitive merger agreement providing for a strategic combination of EverBank Financial and WaFd. Under the terms of the agreement, EverBank Financial will...

BMO Financial Group completed the sale of 138 branches to First-Citizens Bank & Trust. The branches are in North Dakota, South Dakota, Wyoming, Nebraska, Kansas, Missouri, Oklahoma and Idaho, as well as select branches in Minnesota, Oregon and Illinois. The...

Hawthorn Bancshares, the Missouri-based holding company of Hawthorn Bank, completed the merger of FSC Bancshares with and into Hawthorn, with Hawthorn continuing as the surviving corporation, and the merger of FSC’s wholly-owned banking subsidiary, Farmers State Bank, Cameron, Missouri, with...

Tri City National Bank, a community bank serving Southeastern Wisconsin for more than 60 years, is now live with the Alkami Digital Sales & Service Platform. The comprehensive suite includes Alkami’s onboarding and account opening solution, digital banking solution, and...