News

Michael P. Lyons, president of PNC, is departing from the bank to assume the president and CEO-elect role at Fiserv. Lyons joined PNC in 2011 to serve as head of corporate and institutional banking and was named president in 2024....

Porter Capital, a provider in specialty financing solutions for businesses nationwide, completed a financing agreement for an international healthcare staffing agency headquartered in Virginia. The agreement, consisting of a $15 million factoring facility and a $5 million term loan, replaces...

Assembled Brands Capital appointed Abby Jonathan as vice president of Originations. In her new role, Jonathan will focus on driving the firm’s origination efforts, as well as expanding its lending portfolio and deepening its presence within the asset-based lending sector....

Otterbourg appointed six new equity members, the most the firm has ever promoted in one year. The new shareholders are David Castleman, Pauline McTernan, Nicholas Palazzolo, Michael Regina, Michael Rich and Lena Surilov. In addition, Otterbourg has named Gabriela Leon,...

Transom Capital Group hired Mads Jorge as a managing director and senior member of the investment team. Jorge will draw on his extensive experience of public and private markets investing, as well as the relationships he has cultivated over three...

Tiger Finance’s lending platform committed more than a quarter of a billion dollars in fiscal 2024 to support the growth initiatives and working capital needs of borrowers from across the U.S. economy. Loan volume grew throughout fiscal 2024 and reached...

Haynes Boone welcomed Zachary Jacobs, mergers and acquisitions partner, to the firm’s New York office. Jacobs is the latest addition to the firm’s business transactions department, which earned the honor of Best Corporate Practice (Specialty – Midmarket) at The American...

Cadence Bank signed a definitive merger agreement with FCB Financial, the bank holding company for First Chatham Bank, a Savannah, Georgia-based community bank. The merger is expected to expand Cadence Bank’s presence in the Savannah market and in coastal Georgia...

CIBC ABL closed four new transactions, totaling $107 million, in November and December 2024. In November 2024, CIBC ABL provided a $10 million revolving line of credit to a sponsor-backed manufacturer of metal components based in the Midwest Region. The...

TAB Bank was named a Top 10 Best Online Bank for 2025 by GOBankingRates. TAB Bank was awarded for its products and services, such as checking and savings accounts offering competitive APYs and low minimum opening deposits by GOBankingRates. In...