Ferretti Joins Webster Bank as SVP, Market Manager for C&I Middle-Market Banking
Webster Bank expanded its commercial and industrial middle-market banking team by hiring David Ferretti as senior vice president and market manager for New Haven, CT.
Webster Bank expanded its commercial and industrial middle-market banking team by hiring David Ferretti as senior vice president and market manager for New Haven, CT.
Webster Bank agreed to expand the size of Air Industries Group’s existing term loan to $5 million and establish a $2 million capital expenditure line of credit to finance future purchases of machinery and equipment.
StoneX Group agreed to amend its existing $401 million senior secured credit facility, extending the maturity through April 2025 and increasing the size of the facility to $475 million. Bank of America Merrill Lynch, Bank of Montreal and Capital One acted as joint lead arrangers on the credit facility
Ameresco, an energy efficiency and renewable energy company, entered into an amendment and restatement to the company’s current senior secured credit facility with a group of lenders led by Bank of America.
FirstDigital Telecom, a fiber-based carrier in the western United States, raised debt financing from a group of investors, including AllianceBernstein, Deutsche Bank, Guggenheim and Webster Bank.
The board of governors of the Federal Reserve provided regulatory approval of the previously proposed merger of Webster Financial and Sterling Bancorp.
The stockholders of Webster Financial and Sterling Bancorp approved the proposed merger between Webster and Sterling at their respective special meetings of stockholders.
Webster Bank expanded the roles of Timothy D. Bergstrom and Michael L. O’Connor, two of the bank’s regional presidents in Connecticut. Webster Bank also appointed Martin H. Anderson regional president for Fairfield County, CT.
Webster Bank named Steve Dowe senior vice president and lead of its middle-market healthcare vertical, which is focused on privately-owned health care providers and senior housing operators.
Webster Bank increased its senior secured credit facilities to $34 million in support of The Metro Group’s acquisition of Response Electric.