Hercules Capital Receives New $200MM Facility Arranged by MUFG

Hercules Capital replaced its existing $100 million credit facility with MUFG Union Bank with a new $200 million credit facility, under which City National, Umpqua Bank, Hitachi Capital America and Mutual of Omaha Bank joined MUFG as lenders.

Bram Goldsmith to Step Down as Chair of City National

Bram Goldsmith and City National said he will step down as chairman of the corporation, effective October 1, 2013, but will continue to serve on the board as chairman emeritus.