Founded in 1884, Oxford Bank is celebrating its 140th year in business. The bank became a publicly traded company in 2016, now boasting $816.666 million in bank deposits and a 36% increase in earnings since 2022.
Oxford Commercial Finance recently provided a $2.5 million asset-based loan to an Indiana-based furniture manufacturer, specializing in office and medical office furniture.
Oxford Commercial Finance recently provided a $2.5 million legered line of credit to an Ohio-based Logistics company specializing in 3PL supply chain services.
The Singing Machine Company, a designer and distributor of consumer karaoke products, closed a $2 million senior credit facility with Oxford Commercial Finance, a subsidiary of Oxford Bank.
Oxford Commercial Finance implemented strategic leadership changes aimed at providing enhanced strategic direction and oversight. Mick Goik will transition to the role of executive chairman of the board of directors, while Steve Tomasello will assume the role of president.
Mick Goik, the current president of Oxford Commercial Finance, will transition to the role of executive chairman of the board of directors, while Steve Tomasello, currently a senior vice president and national sales manager, will assume the position of president.
Oxford Commercial Finance, a subsidiary of Oxford Bank, recorded $64 million in funding for small and mid-sized businesses in 2023, its first full year in business.
Oxford Commercial Finance recently funded a $750,000 accounts receivable purchase for a Florida-based UV disinfectant company specializing in the UV disinfection of air and water.
Oxford Commercial Finance provided a $2 million asset-based loan to a Washington-based technology company specializing in data security and physical data protection.
Oxford Commercial Finance provided a $2MM asset-based loan to a California-based media company specializing in marketing and advertising content across various media platforms.