IDB Bank Provides Working Capital Facility to Franklin Capital

IDB Bank has provided a working capital facility to Franklin Capital to benefit the firm’s operating cash flow amid strategic expansion. Serving as the sole lender, the deal signals the bank’s continued lending activity through its national asset-based lending and factoring division.

July 12, 2024 Franklin Capital | IDB Bank | Neil Wolfe | Sue Duckett Brianna Wilson

IDB Bank Arranges $201.5MM of Financing for a National Portfolio of Nursing Facilities

IDB Bank, a New York-based private and commercial bank, has served as the administrative agent to a $201.5 million bridge-to-HUD loan to benefit a national portfolio of 21 skilled nursing facilities, with locations in North Carolina, Michigan, Georgia and Texas.

June 24, 2024 administrative agent | Bridge-to-HUD Loan | financing | IDB Bank | Michael Palermo Brianna Wilson

IDB Bank Appoints Miron California Region Manager

IDB Bank, a New York-based private and commercial bank, appointed Michal Miron executive vice president and California region manager. In this role, she will lead the bank’s West Coast operations and strategic growth agenda across the region.

April 20, 2023 IDB Bank | Michal Miron | Ziv Biron Ian Koplin

IDB Bank Expands Sponsor and Leverage Finance Team

IDB Bank expanded its sponsor and leverage finance team, hiring four professionals who previously worked together with Investors Bank. James Dunleavey will lead the team as senior vice president and manager.

February 16, 2023 Christopher Dowd | David Gilio | IDB Bank | James Dunleavey | Lissa Baum | Michael McIntyre | Paul Muzzio | Tom Savage | Ziv Biron Ian Koplin

IDB Bank Provides $100MM Revolver to Dwight Funding

IDB Bank closed up to a $100 million asset-based revolving credit facility for Dwight Funding, a New York-based lender to modern brands and platforms. IDB Bank was the sole lead arranger and administrative agent for the facility.

November 4, 2022 Ben Brachot | Dwight Funding | IDB Bank | Lissa Baum Phil Neuffer

Savio Appointed CEO and President of IDB Capital

IDB Bank, a New York-based private and commercial bank, appointed Ken Savio as president and CEO of IDB Capital, IDB Bank’s broker-dealer subsidiary.

July 15, 2022 IDB Bank | IDB Capital | Ken Savio | Ziv Biron Ian Koplin

IDB Bank Provides $125MM Credit Facility to 5 Star Apparel

5 Star Apparel closed a $125 million credit facility to support its existing operations and continued expansion. IDB Bank was the lead agent and one of three banks financing the credit facility.

February 9, 2022 5 Star Apparel | Barry Solomon | IDB Bank | Isaac Oved | Lissa Baum Ian Koplin

IDB Bank Expands Merchant Financial Group’s Credit Facility to $400MM

Merchant Financial Group expanded its existing credit facility from $372 million to $400 million to support the company’s growth and expansion of its financial services. IDB Bank is operating as the administrative and collateral agent on the transaction.

November 22, 2021 Adam Winters | Chris Dowd | IDB Bank | Lissa Baum | Merchant Financial Group Ian Koplin

IDB Bank Agents $372MM Facility for Merchant Financial

Merchant Financial Group expanded its existing credit facility from $323 million to $372 million. IDB Bank served as sole lead arranger, sole bookrunner and administrative agent on the transaction.

July 30, 2018 IDB Bank | Merchant Financial Group ABF Journal

Leavenworth Joins IDB Bank as SVP/Corporate Lending Division

Stephen Leavenworth joined IDB Bank as a senior vice president and market manager for Staffing Services.

January 4, 2017 IDB Bank | Stephen Leavenworth ABF Journal