U.S. Bank Archives - Page 3 of 26

Major US Banks Deposit $30B in First Republic in Wake of Silicon Valley Bank Collapse

Last week, 11 banks, including Bank of America, Citigroup, JPMorgan Chase and Wells Fargo, combined to make $30 billion in uninsured deposits in First Republic Bank to display confidence in the U.S. banking system following the collapse of Silicon Valley Bank.

US Bank Extends Maturity of Daktronics’ Near-Term Credit Facility

Daktronics entered into an amendment to its credit agreement with its current lender, U. S. Bank, to extend the maturity of $10 million of its $45 million credit facility to May 1, 2023. The remaining $35 million of the credit facility matures on April 29, 2025.

January 26, 2023 Daktronics | Howard I. Atkins | U.S. Bank Ian Koplin

US Bank Adds Mascotto as Head of Sustainable Finance

U.S. Bank hired Guillaume Mascotto as the company’s head of sustainable finance. In this new leadership role, Mascotto will build and lead a new team focused on identifying sustainable finance opportunities across the entire U.S. Bank enterprise.

January 23, 2023 Guillaume Mascotto | U.S. Bank | Zack Boyers Ian Koplin

US Bank Names Kaalund New Head of Branch Banking

Sekou Kaalund joined U.S. Bank in the newly created role of head of branch banking, a leadership role within consumer and business banking responsible for U.S. Bank’s more than 2,200 branches as well as its consumer and small business bankers spread out across 26 states.

December 15, 2022 Sekou Kaalund | Tim Welsh | U.S. Bank Ian Koplin

Lender Syndicate Amends Ritchie Bros.’ Credit Agreement to Support IAA Merger

Ritchie Bros. closed an amendment to its credit agreement with a syndicate of lenders to support the closing of its proposed merger with IAA. BofA Securities, RBC Capital Markets, Goldman Sachs and Wells Fargo Securities served as joint bookrunners for the agreement.

Risk Management Soars Past Revenue Growth as Top Priority for Finance Leaders

According to U.S. Bank’s 2022 CFO Insights Report, finance leaders’ priorities have shifted as they work to help guide their firms through choppy waters, with risk identification among the most cited top priorities among survey respondents.

November 1, 2022 Stephen Philipson | U.S. Bank Phil Neuffer

US Bank’s MUFG Union Bank Acquisition to Close Dec. 1

Mitsubishi UFJ Financial Group (MUFG) reported that the final required regulatory approvals for the sales of MUFG Union Bank to U.S. Bank have been obtained, with the acquisition now expected to close on Dec. 1.

October 19, 2022 Mitsubishi UFJ Financial Group | MUFG | MUFG Union Bank | U.S. Bank Ian Koplin

US Bank Receives All Required US Regulatory Approvals for MUFG Acquisition

U.S. Bank has received all required U.S. regulatory approvals to complete its previously announced acquisition of MUFG Union Bank’s core regional banking franchise from Mitsubishi UFJ Financial Group (MUFG).

October 17, 2022 Andy Cecere | Mitsubishi UFJ Financial Group | MUFG Union Bank | U.S. Bank Ian Koplin

Whitestone REIT Amends and Extends $515 Million Credit Facility with Syndicate of Lenders

Whitestone REIT amended and extended its $515 million credit facility, comprised of a $250 million revolver and $265 million term loan.

US Bank Closes $380MM Senior Secured Credit Facility with AmeriTex Holdings

AmeriTex Holdings closed $380 million in senior secured credit facilities with U.S. Bank to combine with its $35 million in current subordinated notes with Prudential Capital Partners to continue its growth in products and other capabilities to best serve its Texas contractor customers.

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