US Debt Ventures Secures $100MM Credit Facility

Private equity firm US Debt Ventures said it has secured a $100 million revolving credit facility from a major financial institution.

S&T Bank Appoints New Commercial Lender

S&T Bank appointed Jack Jacobs to commercial lender. Jacobs previously served as vice president, relationship manager as well as business banking officer at other financial institutions in Pittsburgh.

FTI’s New Co-Leaders of Corporate Finance & Restructuring: For a Couple of ‘Client Service Guys’ Optimism and Opportunity Abound

This summer, ABF Journal readers learned that Robert (Bob) Duffy and Kevin Lavin had been appointed to co-lead FTI’s Corporate Finance/Restructuring practice thereby joining the executive committee comprised of practice leaders of the firm’s five key business segments. While many would fret at what lies ahead in this relatively slow period for traditional restructurings, these self-admitted “client service guys” only see advantages and opportunities.

FTC Red Flag Rules — Protection Against Identity Theft

In October 2009, the Federal Trade Commission, at the request of Congress, delayed the enforcement of the so-called “Red Flag” rules geared to address the risk of identity theft until June 1, 2010. That date is important to financial institutions as failure to comply opens the door to legal aggravation including civil monetary fines and lawsuits.