News

The board of directors of MVB Financial appointed Glen W. Herrick as a member of the board. “MVB is pleased to have Glen join the MVB board of directors,” W. Marston “Marty” Becker, chairman of the MVBF board of directors,...

Vertical Aerospace, a global aerospace and technology company, closed its previously announced underwritten public offering for total gross proceeds of $90 million, before deducting underwriting discounts and commissions and other offering expenses. The amount raised was increased from an initial...

Maxim Commercial Capital reported growth during 2024, continuing a multi-year trend. The hard asset secured lender reported a 25% increase in funded deals during the year as compared to 2023. “Our team stepped up to fill an increasing capital void...

A diversified textile company in North Carolina secured $3 million in funding from Loeb to address a working capital shortfall and restructure its balance sheet. Facing financial complexity and an urgent need for stability, the company turned to a trusted...

Gordon Brothers, the global asset experts, continues to expand and strengthen the firm’s executive group with the promotions of Kyle Shonak to chief transaction officer, North America and Jim Lightburn to global head of commercial and industrial. “As we continue...

TPG Twin Brook recently served as administrative agent on debt financing to support Rotunda Capital Partners’ leveraged buyout of Value Added Distributors, a distributor of hoses, tubes, seals, couplings and related products to specialty vehicle OEMs and other manufacturing customers....

The board of directors of Texas Capital Bancshares, the parent company of Texas Capital, unanimously elected Rob C. Holmes, Texas Capital’s president and CEO and existing board director, to also serve as chairman of the board immediately following the 2025...

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....