Peapack-Gladstone Names Commercial Lending Senior MD
Peapack-Gladstone Bank named Frank S. Bridges senior managing director, Commercial Lending. Most recently, he served as SVP, Commercial Banking – Tri State region at KeyBank.
Peapack-Gladstone Bank named Frank S. Bridges senior managing director, Commercial Lending. Most recently, he served as SVP, Commercial Banking – Tri State region at KeyBank.
According to a survey conducted by Sageworks, the majority of banks are not currently prepared to meet the requirements of the proposed model for how they will calculate their allowance for loan and lease losses.
North Mill Capital announced Mark Haley joined as VP and BDO for the New England region.
Heat Biologics announced it closed on a debt financing in the principal amount of up to $7.5 million with Square 1 Bank.
Deloitte CRG recently won two 2014 TMA Transaction of the Year awards.
Advanced Energy Capital said it has acquired a stake in Greenbacker Group, an asset management company that intends to bring investment products to the renewable energy sector.
Swift Capital said it secured $50 million in new debt commitments from Fortress Capital to support the rapid growth of its small business funding programs.
Capital Business Credit said it provided an $8.8 million ABL facility to Sabin Robbins Converting to support its acquisition by equity sponsor Theca.
MSX Internatonal said it completed the refinancing of its outstanding debt having raised $260 million of credit facilities in a syndicated financing led by RBC Capital Markets and SunTrust Robinson Humphrey.
The CFA reported, according to its Quarterly ABL Index, that U.S. businesses utilized 43.1% of their credit lines during Q2/14, a significant increase from the Q1/13