The Office of the Comptroller of the Currency (OCC) has provided regulatory approval for the merger of Mutual of Omaha Bank into CIT Group’s banking subsidiary, CIT Bank.
Global Ship Lease has completed a new syndicated $268 million senior secured credit facility comprised of two tranches with major commercial lenders Credit Agricole, ABN AMRO Bank, CIT Bank, Hellenic Bank and Siemens Financial Services.
CIT Bank arranged and provided debt financing to support Stellex Capital Management’s investment in Cisco Equipment. The investment was made in partnership with the company’s CEO Christopher J. “C.J.” Sibert and management.
JPMorgan Chase Bank acted as sole bookrunner and, alongside Bank of America Merrill Lynch, joint lead arranger on $145 million in strategic financing for mobile game developer Jam City.
Wells Fargo and CIT Bank amended General Finance’s senior credit facility, increasing the maximum borrowing amount from $237 million to $260 million.
Banc of California hired Kris Gagnon as chief credit officer. Gagnon joins from CIT Bank, where he served as chief credit officer and brings expertise as a credit executive in commercial banking.
Mid-Con Energy Partners has acquired the assets of Powder River Basin. Wells Fargo served as administrative agent for an expansion of the company’s borrowing base to $125 million to support the transaction.