News

SouthStar Capital provided a $2 million accounts receivable financing facility for a privately owned industrial services company supporting its automotive manufacturing operations in the Midwest. As the business expanded with the direct relationships of the major automotive manufacturers, the timing...

IDB Bank (IDB), a New York-based private and commercial bank, appointed David Park as president of commercial banking, effective Jan. 5, 2026. In this newly unified role, Park will lead IDB Bank’s commercial banking business nationwide, aligning the bank’s regional...

PlainsCapital Bank added Greg Burleigh to The Private Bank as senior vice president, senior wealth management administrator. He will be based at PlainsCapital’s Hilltop Plaza location in Dallas. In his new role, Burleigh will manage client relationships and oversee the...

Latham & Watkins added Frank Monaco to its New York office as a partner in the mergers and acquisitions and private equity practice. Monaco represents insurers and reinsurers across the spectrum of complex transactional and regulatory matters. Monaco’s practice focuses...

William “Will” S. Weltman has joined Blank Rome’s Chicago office as a partner in the business litigation group and food and beverage and technology industry teams. Weltman brings significant experience in complex litigation and counseling, particularly for private equity firms...

Republic Business Credit provided a $500,000 factoring facility to a Texas-based wholesale food distributor. The financing will support the company’s working capital needs as it begins a strategic expansion. Following a recent management transition, the company’s new executive leader identified...

The Hedaya Capital Group recently provided a $2 million factoring facility to a New Jersey-based, minority-owned design and manufacturing firm in the apparel and merchandising industry, supporting continued growth through a critical lender transition. The company’s previous lender was sunsetting...

The week ending January 18, 2026, saw the middle market debt ecosystem grappling with the fallout of the largest asset-based lending fraud in recent history, as First Brands Group’s restructuring advisors confirmed $2.3 billion in “fabricated” receivables during the launch...

Verano, a multi-state cannabis company, amended its existing $75 million revolving credit facility agented by Chicago Atlantic Admin, initially entered into on Sept. 30, 2025. The revolving credit facility commitment was increased from $75 million to $100 million, and the...

Douglas V. Wyatt will retire from his positions with Peoples Bancorp and its banking subsidiary, Peoples Bank, effective April 3, 2026. Wyatt has served as executive vice president, chief commercial banking officer of Peoples and Peoples Bank since 2017. With...