News

PNC Bank launched a national expansion of retail banking, leveraging an array of digital banking capabilities and featuring a new high-yield saving account available to new customers who reside beyond PNC’s traditional market.

The International Factoring Association formed a U.S.-based Midwest Chapter. Laurie A. Montplaisir, a shareholder with Robbins, Salomon & Patt, founded the chapter which spans 10 states.

Data Center ranked as one of the top 100 technology providers to financial institutions in the 15th annual IDC FinTech Rankings.

According to a FDIC survey, despite holding only 13% of banking industry assets, the data showed that community banks hold 42% of small business loans.

Deloitte Corporate Finance acted as the exclusive financial advisor to ACH Foam Technologies in its sale to Atlas Roofing, a manufacturer of residential and commercial building materials.

Adam Weinstein and Tony Feuerstein joined Sidley Austin’s growing global Private Equity and M&A practices as partners in New York.

TAB Bank provided a $1.2 million revolving credit facility to a trucking company located in Iowa.

Commercial Funding, a national provider of invoice factoring and accounts receivable financing, launched a Spanish language version of their website.

GE named H. Lawrence Culp, Jr. chairman and CEO succeeding John Flannery. The GE board also appointed Thomas W. Horton as lead director.

September’s Credit Managers’ Index saw growth across all sectors and most categories, but this growth may not last, according to NACM Economist Chris Kuehl. Precautionary buying from Chinese tariffs and holiday shopping preparation likely caused an uptick that isn’t expected...