News

Cass Information Systems, a provider of information and payment management solutions, named Eric Giering president of Cass Commercial Bank, its commercial banking subsidiary. Giering succeeds Dwight D. Erdbruegger, who will retire in September after serving as president of Cass Commercial...

WebBank promoted Erik Cannon to executive vice president, chief operations officer. In this expanded role, Cannon will continue advancing operational excellence across the bank while driving strategic alignment and scalable growth. Cannon joined WebBank in 2016 and was originally responsible...

Genesis Bank named Balaji Krishna, executive vice president, head of specialty banking, as executive vice president, chief banking officer, and will now serve as a member of the bank’s executive committee. In his expanded leadership role, Krishna is responsible for...

Southstar Capital closed a $2 million accounts receivable financing facility for a private equity-backed software and consulting firm serving national retail brands across the United States. As the business continued to scale and support a growing portfolio of blue-chip clients,...

Hope Bancorp, entered into a definitive agreement under which Bank of Hope will acquire the commercial banking unit (CBU) of SMBC MANUBANK, a wholly owned subsidiary of SMBC Americas and Sumitomo Mitsui Banking. In addition, Bank of Hope and SMBC...

Sallyport Commercial Finance delivered a $2 million non-notification factoring facility to a Canadian printing company. Referred to Sallyport through trusted peers in the alternative finance space, this family-run business required a flexible funding solution to repay its existing bank facility...

Community West Bancshares, the parent company of Community West Bank, completed its previously announced merger in which United Security Bancshares, the parent company of United Security Bank, merged with and into Community West Bancshares, with Community West Bancshares as the...

A litigation-focused law firm secured a $110 million credit facility from a group of capital providers including a specialty finance firm and an alternative asset manager, supported by a portfolio of litigation assets consisting primarily of class actions, mass torts,...

Aurora Management Partners was appointed as the chief restructuring officer to Sailormen in the Southern District of Florida United States Bankruptcy Court. Overseeing the company is David Baker, managing partner; Matthew Dossey, Greg Baker, and Travis Grody, directors; and Sophia...

BizCap, a national commercial finance and advisory firm, successfully structured and secured an $11.75 million financing package to support a strategic IT services acquisition for a confidential minority woman-owned IT services organization. The acquisition financing will enhance the company’s capabilities,...