Bridge Bank hired Ryan Dammeyer as region leader in its Technology Banking group and plans to open a new regional office in Chicago.
Bridge Bank extended a credit facility to SteelHouse, an advertising technology company and the first self-serve platform with AI technology that automates advertising to achieve the best outcome.
Bridge Bank and Tree Line Capital both provided debt financing to support the recapitalization of Goettl Air Conditioning by Baum Capital Partners.
Bridge Bank’s Corporate Banking group provided senior debt financing to support Sole Source Capital’s leveraged buyout of Trade Supplies.
Capstone Turbine amended its credit facility with Bridge Bank, increasing the line of credit from $12 million to $15 million and reducing the letter of credit interest rate from prime 1.5% to 1%.
Regional banks play an important role in today’s economy, offering personalized services to small and middle-market businesses. They also are expanding into the ABL market to serve those customers. ABF Journal contributor Lisa Miller spoke with ABL executives from four regional banks who shared their thoughts on the economy, the impact of technology and working with alternative lenders.