News

Silicon Valley Bank (SVB), a division of First Citizens Bank, named a 28-year company veteran, Megan Scheffel, head of life science and healthcare banking. In her role, Scheffel will lead a nationwide team dedicated to providing specialized banking services, debt...

On Nov. 18, 2025, the U.S. Bankruptcy Court for the Southern District of New York confirmed a plan of reorganization for Purdue Pharma and its affiliated debtors, an achievement that will facilitate the delivery of billions of dollars to those...

First Business Bank’s floorplan financing team funded a $7.1 million inventory floorplan line of credit for an established Texas automotive dealership's strategic expansion into two new locations. “Repeat business from existing clients is the highest compliment we can receive,” John...

Heritage Global Partners (HGP), a subsidiary of Heritage Global and a worldwide company in asset advisory and auction services, has been appointed by the U.S. Bankruptcy Court to conduct an auction of brewing and restaurant equipment from nine former Iron...

TradeCap Partners funded a $1 million purchase order finance facility for an Illinois-based food manufacturer. The facility was structured to support the company’s sourcing of raw ingredients, packaging and pay for tolling costs related to a new nationwide product launch. The client’s asset-based...

Cardiff, a tech-enabled provider of financing for small and mid-sized businesses, announced the successful closing of a senior revolving credit facility with a prominent U.S. based bank. Proceeds from the institutional financing will be used to increase the company’s funding...

SLR Business Credit (SLRBC) funded a new $5 million factoring facility for a fast-growing food packaging company based in California. The company was seeking to increase sales through greater marketing efforts for current and new, innovative products, such as biodegradable...

Global professional services firm Alvarez & Marsal (A&M) added Richard Olson as managing director to lead its EMEA alternative investment services (AIS) practice based in London. Olson brings over 20 years of portfolio valuation and transaction execution expertise in global...

Community First Credit Union of Florida and FSBH signed a definitive agreement under which Community First will acquire substantially all of the assets and assume substantially all of the liabilities of First Southern Bank, headquartered in Waycross, Georgia. FSBH is...

Alkami Technology, a digital sales and service platform provider for financial institutions in the U.S., formed a strategic partnership with Spiral, a fintech that aims to transform everyday banking into a powerful driver of savings and community impact. This partnership...