Triumph Bancorp Acquires National Bancshares
Triumph Bancorp said it signed an agreement to acquire National Bancshares, a $945 million bank holding company, headquartered in Bettendorf, IA.
Triumph Bancorp said it signed an agreement to acquire National Bancshares, a $945 million bank holding company, headquartered in Bettendorf, IA.
CFO reported that new Senate legislation and a report from the inspector general of TARP address the unsolved problem of U.S. megabanks deemed “too big to fail.”
According to a report released by Baker & McKenzie, nearly half of all senior executives surveyed expect their company’s appetite for cross-border M&A to increase over the next two years.
School Specialty said the bankruptcy court issued an order approving the company’s disclosure statement and authorized the company to begin soliciting approval for its joint plan of reorganization.
Paragon Financial experienced an increased interest in factoring services from staffing companies in recent months, with new demand coming from a wide range of areas including IT, healthcare, security personnel and other sectors.
Bloomberg reported the U.S. economy probably accelerated in the first quarter as consumer spending grew by the most in two years and businesses rebuilt inventories.
Horizon Technology Finance said it closed a $2 million venture loan facility with New Haven Pharmaceuticals, a developer of prescription pharmaceuticals.
Griffen Land & Nurseries said it closed on a new $12.5 million revolving line of credit with Webster Bank. The line replaces an expiring revolver of the same amount with Doral Bank.
Siena Lending Group announced its formal launch and said it’s actively providing SMEs with asset-based lending loans across the U.S. Siena is managed by the former executive team of Burdale Capital Finance, which was sold to Wells Fargo in 2012.
The TMA will celebrate the successful achievements of the Philadelphia, New York City and Finland TMA chapters during an awards luncheon in mid-May.