News

Pacific Mercantile Bank appointed Brad R. Dinsmore as the president and chief executive officer, succeeding Thomas M. Vertin, who has resigned from the company and the bank.

Business Capital structured and delivered a credit facility to Innominds Software, a provider of convergent design, technology and engineering solutions.

Funding Circle closed its first asset-backed securitization of U.S. small business loans originated through its platform. The $198 million deal marks the debut of Funding Circle’s U.S. securitization sponsorship capability.

The Wall Street Journal reported an increase in bankruptcies are rising in the U.S. oil and gas industries as investors are losing their appetite for shale.

Alan Mullins named vice president area manager of loan operations for Bank of Idaho

HomeTrust Bancshares, the holding company for HomeTrust Bank, has appointed John Switzer as a member of the board of directors._x000D_ _x000D_ _x000D_

The ABF Journal and abfjournal.com office will be closed on Monday, September 2 in observance of Labor Day. We will return on Tuesday, September 3 to bring you our coverage of the commercial finance industry.

People's United Bank’s Healthcare Finance and Capital Markets Divisions provided a $92 million credit facility to MidCap Financial.

White Oak Commercial Finance originated a new revolving credit facility for healthy meal service company The Good Kitchen. _x000D_

Capital One served as the sole lead arranger and administrative agent for a senior secured credit facility for Nova Medical Centers._x000D_ _x000D_