Citizens Commercial Banking has provided a new $15 million senior credit facility to Dynamark Monitoring, a Hagerstown, MD-based provider of wholesale monitoring services to security alarm dealers and alarm services to retail and commercial customers.

Dynamark will use the credit facility to refinance existing debt, fund growth both organically and through acquisitions, and for general corporate purposes. Dynamark recently moved its monitoring center to a larger facility, and this credit facility will provide ample financial resources for continued acquisitions and investments in emerging technologies. SPP Advisors represented Dynamark in the transaction.

“It was a pleasure working with the Citizens Bank team and their experience in this industry was a key differentiator,” said Trey Alter, CEO and president of Dynamark Monitoring

“We are excited to have Dynamark as a new client at Citizens Bank,” said Greg Buscone, SVP and market ,anager of Specialized Banking at Citizens Commercial Banking. “We look forward to working with the Dynamark team to support their growth and success.”