SG Credit Partners promoted Spencer Brown to managing director while also opening a Colorado office. In Brown’s role, he will continue leading coverage efforts for originating and closing structured cash flow, collateral-based, recurring revenue and high net worth facilities in the Rocky Mountain and Southwest regions.
Michael Mettee was named CFO of FirstBank and its parent company, FB Financial Corporation. He was appointed interim CFO in April and previously served as CFO/banking and director of capital markets.
KeyBank served as administrative agent and KeyBanc Capital Markets and BMO Capital Markets acted as joint lead arrangers and syndication agents for an amended and restated senior secured revolving credit facility of up to $375 million for Jernigan Capital.
Corky’s BBQ, a Memphis BBQ legend for nearly 35 years, closed an expansion and partnership agreement with Dobbs Equity Partners, a family investment company founded by long-time Memphis businessman, John H. Dobbs, Jr.
Jernigan Capital entered into a $100 million secured revolving credit facility with a syndicate of banks led by KeyBank as administrative agent and Raymond James Bank as syndication agent.
FirstBank expanded its business lending division by hiring commercial banking veteran Nan Hinton as president of Business Lending.
Mercantile Bank and Firstbank jointly announced the signing of a definitive merger agreement. The implied transaction value is $18.77 per share or approximately $151.5 million.