News

The New York State Department of Financial Services closed Signature Bank over the weekend and appointed the FDIC as receiver. The FDIC transferred all deposits and assets to a bridge bank that began operations on Monday.

GemCap has provided working capital to a handful of companies in 2023 with plans to keep going.

Greater Commercial Lending, which provides loans to businesses and organizations in under-served and rural communities, obligated more than $811 million in government-guaranteed U.S. Department of Agriculture commercial loans during fiscal year 2022.

Mitsubishi HC Capital Canada completed its inaugural United Way campaign, donating $77,000 to the organization through employee contributions and company-matching funds.

Loyalty Ventures and certain of its subsidiaries filed voluntary petitions for relief under chapter 11 of title 11 of the United States Code in the United States Bankruptcy Court for the Southern District of Texas.

Encina Equipment Finance changed its name to Post Road Equipment Finance. As part of the name change, the company has revamped and redesigned its website to incorporate the new company name.

The Financial Accounting Standards Board appointed seven new members to its small business advisory committee, effective immediately, including Penny Pepperling, office managing partner of assurance for BDO.

A&G Real Estate Partners will be auctioning more than 250 leases nationwide as part of a first round of store closures from Tuesday Morning Corp. in connection with the off-price home goods and décor retailer’s voluntary Chapter 11 reorganization.

Eastern Bank launched Equity Alliance for Business to further advance the growth of business owners who are women or people of color and all their intersectionality, including the LGBTQIA+, veterans and disabled communities.

Rosenthal & Rosenthal completed a combined deal for a specialty foods company that includes a $3.5 million recourse factoring facility and a $2 million purchase order line. Rosenthal also named Brian Gagel recourse factoring portfolio manager based in its Atlanta...