News

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...

KeyBank released the results of its Middle Market Snapshot Report, which was conducted in October 2025 to gauge middle market reception of the One Big Beautiful Bill Act (OBBBA). The survey polled nearly 400 executives of middle market businesses with...

1st Source Bank’s board of directors promoted two senior leaders following recent succession changes at the bank and parent company, 1st Source. John Bedient will become chief operating officer and executive vice president with responsibility for information technology, Salesforce and...

Wells Fargo has named Tim Froehlich as head of investment products within its wealth and investment management (WIM) business, effective Jan. 1, 2026. Froehlich will succeed Patty Loepker, who, after more than 40 years of service, will retire on March 1, 2026. Froehlich will lead strategy...

Global law firm Clifford Chance has advised the underwriters in Redwood Trust’s $100 million offering of 9.500% senior notes due 2030. Partners Andrew Epstein and Om Pandya led the transaction along with associate Paul Lakkis. They were supported by associates...

Law firm Winston & Strawn represented Mosaic Capital Partners, a private equity firm focused on employee ownership transactions in the lower middle market, in the closing of its second small business investment company (SBIC) fund, which raised approximately $205 million...