News

U.S. banks have moderated their pace of securities portfolio restructurings, yet targeted trades persist, often driven by mergers and acquisitions, according to S&P Global Market Intelligence. The pandemic-era strategy of investing in long bonds with cheap deposits exposed banks to...

UMB Financial completed its systems and brand conversion of Heartland Financial USA. This milestone is the final component of the largest acquisition in UMB’s 112-year history, which officially closed on Jan. 31, 2025. This acquisition expanded UMB’s footprint from eight...

Post Road Equipment Finance (PREF) added Brian Meres to its risk team as a senior vice president. In his new role, Meres will primarily be responsible for new business underwriting and will also have portfolio management responsibilities. He will report...

Versant Funding funded a $2.5 million non-recourse factoring facility to a company that provides software and consulting services to major multinational companies. The factoring company this business had relied upon for many years to meet its working capital needs refused...

Atlantic Union Bank completed the integration of Sandy Spring Bank branches and operations into Atlantic Union Bank, unifying the bank across its footprint. “Following our detailed merger integration playbook used to seek to ensure a smooth transition, our teammates have...

Mascoma Bank is now live with the Alkami’s full digital sales and service platform. The comprehensive suite includes the company’s onboarding and account opening solution, the digital banking solution, and the data and marketing solution. “At Mascoma, we see digital...

Iron Horse Credit appointed Ana G. Rodriguez as senior vice president. Rodriguez brings more than 12 years of progressive operations experience in the commercial finance industry. Rodriguez’s career includes roles at financial institutions such as Pathward (formerly Crestmark Bank), where...

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...