People’s United Bank’s Commercial Banking division served as lead arranger on the expansion of MVC Capital’s credit facility to $50 million.
The Healthcare Finance and Capital Markets Divisions of People’s United Bank served as lead arranger and administrative agent for an $80 million senior secured credit facility to Invesque.
36th Street Capital Partners expanded its three-year, senior secured revolving credit facility to $125 million, an increase of $25 million.
Andrew Loughlin joined People’s United Bank as a vice president and underwriter on its Asset-Based Lending team. Loughlin will be based in Manhattan and will be responsible for new business underwriting.
People’s United Financial, the holding company for People’s United Bank, completed its acquisition of BSB Bancorp, the holding company of Belmont Savings Bank, in an all-stock transaction.
Greenwich Associates presented People’s United Bank with seven awards, including a Greenwich Best Brand – Trust award.
The commercial banking division of People’s United Bank amended and extended an existing $135 million syndicated credit facility for NFS Leasing, a Boston-based equipment leasing company.
People’s United Financial, the holding company for People’s United Bank, agreed to acquire BSB Bancorp and its subsidiary, Belmont Savings Bank, in a 100% stock transaction valued at approximately $327 million.
People’s United Bank’s Commercial Banking division acted as lead arranger on a three-year, $60 million expandable senior revolving credit facility for North Star Leasing.
People’s United Bank hired three senior industry specialists for its Asset-Based Lending team. Joe Accardi, Tony Cortese and Greg Russano each brings more than 25 years of commercial lending experience.