Mechanics Bank agreed to acquire Learner Financial and its wholly owned subsidiary Scott Valley Bank.
Scott Valley Bank’s ABL division, SVBusiness Capital, provided a $400,000 term loan to a Calaveras County, CA-based company for acquisition of a snow removal business.
Scott Valley Bank announced the launch of a new program designed to help growing businesses achieve financial milestones and provide a clear path toward conventional bank financing. The program is offered through the bank’s ABL division.
Scott Valley Bank successfully acquired Graystone Capital’s ABL platform. As a result of this new association, Graystone Capital will now operate as SVBusiness Capital, a division of Scott Valley Bank.