The Secured Finance Network’s 76th Annual Convention, “This Way Forward,” will take place from Nov. 17 to 19 and will cover financial, economic and political disruptions that banks and finance companies face in the midst of a pandemic and the aftermath of the U.S. election.
Bank of America added Adam Moss as a national marketing manager. Moss most recently served as the head of asset-based lending loan sales and distribution for debt capital markets at PNC Financial Services Group.
Bank of America Business Capital named Meredith Gall a senior business development officer. Gall previously worked for U.S. Bank, Access Capital and MTB Bank.
Bank of America Business Capital named three new region marketing managers: Bobby Bans in the western region; Peter Langburd in the eastern region; and Steve Pomerantz in the central region.
Troubled trucking group Celadon will refinance its existing credit agreement, including a new $100 million revolving credit facility provided by Bank of America Business Capital and Wells Fargo Capital Finance.
Karen Sessions attributes her success in the finance world to refusing to take “no” for an answer. Her career took her to Fleet, Union, Wachovia and Wells Fargo banks before she landed at Bank of America almost five years ago. In November, she was named head of Bank of America Business Capital and Asset-Based Lending. Although she contends she was lucky, her business skills and determination to succeed have propelled her into her current role.
Bank of America Business Capital provided an $800 million asset-based revolving credit facility to R.R. Donnelley & Sons Company. Proceeds were used to refinance an existing credit facility and to provide ongoing working capital financing to support the company’s ongoing expansion.
Karen Sessions has been named president of Bank of America Business Capital, succeeding Jeff McLane, who was named U.S. Regional Commercial Credit Executive at Bank of America Merrill Lynch.
Despite political turbulence and Mother Nature running amuck, ABL lenders saw an upswing in business in 2017 after two flat years. ABF Journal contributor Lisa Miller spoke with five ABL executives who described a robust year filled with new partnerships and business opportunities and an optimistic outlook for 2018.
Bank of America Business Capital has provided a $40 million asset-based revolving credit facility to Bridgewater Interiors, a supplier of seating and overhead systems to automotive OEM customers.