News

CBB Bancorp, the parent company of Commonwealth Business Bank, appointed Seungho Park as president and CEO of both the company and the bank, effective Nov. 21, 2025. Park will be replacing Richard Koh, who served in this position since April...

CohnReznick, a professional services firm, added Milton Tse as an assurance partner. Based in the firm’s new San Francisco office, Tse brings more than 25 years of experience providing audit and advisory services to public and private companies in the...

Saul Van Beurden, currently CEO of consumer and small business banking at Wells Fargo, will lead AI for the company. In addition, Kleber Santos, currently CEO of Consumer lending, will take on expanded responsibilities and serve as co-CEO of consumer...

Orange Bank & Trust appointed Orville Aarons as executive vice president, chief of credit risk management. In this key executive role, Aarons will report directly to president and CEO Michael J. Gilfeather and will be responsible for institutional portfolio management...

Wingspire Equipment Finance shared results of its ongoing collaboration with a global private equity sponsor. The company has provided more than $130 million in equipment financing to six of the sponsor’s portfolio companies. One transaction exceeded $40 million. The portfolio...

The WSFS CARES Foundation, the charitable giving arm of WSFS Financial, will contribute a $150,000 grant to the Todmorden Foundation to expand affordable housing opportunities in Wilmington, Delaware. The WSFS CARES Foundation grant, distributed over three years, will directly support...

Patti Kotusky SLR Business Credit’s manager of ABL operations and one of the company’s founders, passed away after a short illness. Prior to SLR Business Credit (formerly North Mill Capital), which she founded as part of the original management group,...

Silicon Valley Bank (SVB), a division of First Citizens Bank, provided a $50 million growth capital facility to Lumafield, a company in manufacturing technology that delivers AI-powered manufacturing intelligence. Provided by Silicon Valley Bank’s technology banking group, the new financing...

First Citizens Bank named Snow Holding its director and market leader of middle market banking for the Northeast, where he will lead relationship managers and business expansion efforts in both the Boston and New York offices, as well as the...

Siena Lending Group closed a $33.5 million asset-based credit facility for Dorfman Milano, a designer, manufacturer and distributor of headwear and accessories. The financing will provide Dorfman with enhanced financial flexibility to support its working capital needs and strategic growth...