Western Alliance appointed Kenneth Vecchione as president, effective July 10, 2017. Vecchione was the company’s president and COO from 2010 to 2013, when he left to become CEO at Encore Capital Group.
Trupanion amended its $30 million loan and security agreement with Pacific Western Bank and Western Alliance Bank to increase the sublimit for ancillary services and letters of credit by $1.5 million.
The Federal Reserve Bank of San Francisco’s board of directors appointed Robert Sarver, CEO of Western Alliance Bancorporation, to the Federal Advisory Council, replacing former Wells Fargo CEO John Stumpf.
Trupanion, a provider of cat and dog medical insurance, amended its revolving credit facility to increase the maximum borrowing amount from $20 million to $30 million. Bridge Bank joined existing lender Square 1 Bank.
Adesto Technologies has closed on a $20 million senior secured debt facility provided by Western Alliance Bank. The new debt facility replaces the existing debt facility with Opus Bank.
GE completed the sale of GE Capital’s Franchise Finance U.S. hotel business to Western Alliance Bank. The sale includes $1.3 billion in ENI and the majority of the hotel business employees.
GE reached an agreement to sell GE Capital’s Franchise Finance U.S. hotel business to Western Alliance Bank. GE also agreed to sell its Canadian Franchise Finance business to a “different buyer.”