News

nFusion Capital provided a $4 million factoring facility to a Northeastern United States-based company providing structural steel/precast concrete erection, reinforcing bars, rigging, crane services and equipment rentals used in the construction industry. The flexible financing was designed to enable the...

NB Bancorp, the holding company for Needham Bank, and Provident Bancorp, the holding company for BankProv, have entered into a definitive merger agreement for Provident to merge with and into Needham in a stock and cash transaction. Needham anticipates that promptly...

First Bank appointed Larry Jackson as its new chief credit officer, effective April 2025. Jackson will be based at the bank’s Greensboro office located at 101 N Spring Street. Jackson brings over 21 years of extensive experience in the financial services industry, with a distinguished...

Cascadia Capital, an investment bank serving middle-market clients globally, acted as the exclusive financial advisor to Bouncie, a growing automotive SaaS solution, in its growth recapitalization by Nova Street Partners. The capital will be used to recapitalize the business by...

Second Avenue Capital Partners (SACP), the specialty finance affiliate of SB360 Holdings, made a leadership transition as Chris O’Connor, president of SACP, retired effective May 31, 2025. As part of this transition, SACP has promoted the following individuals, including three...

Hilco Global, a diversified financial services advisory and investment company, appointed two distinguished executives — Hon. Patrick J. Murphy as Chairman of the Hilco Global Geopolitical Unit and Alexander Niejelow as CEO of Hilco Global Cyber Advisors. These appointments mark...

Kennedy Capin, a respected leader and former lender in the asset-based lending (ABL) industry, is acquiring CoreVision Strategies, a provider of risk management and due diligence services. As part of this acquisition, Capin will serve as managing partner, overseeing business...

TAB Bank has provided a $2 million revolving asset-based line of credit for a Canadian medical supply chain financing and logistics company. The company opened a $2 million Certificate of Deposit at TAB Bank to serve as collateral on the...

Moritt Hock & Hamroff, a New York-based commercial law firm, expanded its capabilities in South Florida when the attorneys from Saavedra Goodwin, a Fort Lauderdale-based boutique law firm focused on business litigation, real estate and corporate law joined the firm....

Webster Bank added Dan Gioia to its asset-based lending (ABL) division as senior managing director, third party and large corporate ABL origination. He will report to David Viggiano, SMD national sales leader ABL at Webster Bank. Based in New York,...