First Bank appointed Donna Calderaro as Market Executive for its Asset-Based Lending (ABL) business. In this role, she will report to Michael Maiorino, President of ABL and Florida Commercial Banking.Since the launch of First Bank’s ABL division in 2023, Donna has played a key role in driving new business development, managing customer relationships, and mentoring the lending team. With extensive experience in secured lending, she brings deep expertise in financial structuring and risk
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March 14, 2025 @ 08:15 AM
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Axos Bank, the nationwide bank subsidiary of Axos Financial Inc., announced the launch of its Middle Market Banking Division. Led by industry veteran Kristian (Kris) Ilkov, Axos will look to capitalize on disruptions in certain industry verticals. The Middle Market Banking team will provide hands-on relationship management for clients, including tailored banking solutions for middle market clients.Serving companies with revenues between $25 million to $3 billion in healthcare, gaming, aerospace
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March 14, 2025 @ 08:14 AM
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Overland Advantage ("Overland"), a business development company with a differentiated direct lending approach that benefits from a strategic relationship between Centerbridge Partners and Wells Fargo, announced that it served as lead arranger for a $74.0 million second lien credit facility in support of a recapitalization transaction for MaxiTransfers ("Maxi"), a Housatonic Partners portfolio company. Wells Fargo continues as agent and lead to a $90.0 million revolving credit
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March 14, 2025 @ 08:10 AM
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Mitsubishi HC Capital America announced the addition of Scott Schrenker to its construction team as a Business Development Manager. This new hire aligns with the company’s growth in the construction markets and provides additional resources to extend financing services and support to valued partners and clients. In the role, Scott will be responsible for establishing new business opportunities through strategic partnerships with construction dealers and customers throughout the Northeast United
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March 14, 2025 @ 08:04 AM
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BHI, the U.S Branch of Bank Hapoalim, B.M. and a full-service commercial bank, provided a $35 million construction loan to Yuval Shram’s Tay Investments to build a 6-Story, 202-Unit Residential Development at 277-301 West Side Avenue in Jersey City.The lot consists of a 52,043 SF site and will include 213,282 SF of total buildable area with improvements, consisting of 202 residential units (of which 10% will be affordable), 5,800 SF of commercial space, and 100 parking spaces. The unit mix will
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March 14, 2025 @ 08:02 AM
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GA Group and A&G Real Estate Partners announced plans to auction 790 retail store leases and five distribution centers in conjunction with the wind down of operations of fabric and crafts retailer, JOANN, Inc. following its filing for Chapter 11 bankruptcy on January 15, 2025. The bid deadline for JOANN store leases and properties is April 16, 2025 and the auction is expected to take place in New York on April 22, 2025. The available leases cover a range of property types across 49 states
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March 14, 2025 @ 07:59 AM
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Alvarez & Marsal (A&M) announced the appointment of Andrew Harris as a Managing Director in its Private Equity Performance Improvement (PEPI) Group, Co-Leader of the Commercial Excellence service line, helping private equity (PE) clients uncover growth opportunities. Mr. Harris’ hire accelerates A&M’s Commercial Excellence service line in support of optimizing revenue and operating efficiencies, and spotlights the firm’s ability to address PE’s evolving need for sustainable and comprehensive
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March 14, 2025 @ 07:53 AM
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Oxford Finance announced its Board of Managers has appointed Timothy A. Lex as President and Chief Executive Officer. J. Alden Philbrick, IV, who founded the company and has served as the Company’s Chief Executive Officer since inception, will assume the role of Executive Chairman and continue as Chairman of the board.Lex has served as the Company’s Chief Operating Officer since 2007 and as a member of the board since 2016. Mr. Lex will continue to serve on the board alongside Mr. Philbrick.“I
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March 13, 2025 @ 08:15 AM
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Silicon Valley Bank (SVB), a division of First Citizens Bank, entered into a strategic lending relationship with Pinegrove Venture Partners (Pinegrove). SVB and Pinegrove expect to deploy a combined $2.5 billion in venture debt loans to technology and life science companies over the coming years. Backed by Sequoia Heritage and Brookfield Asset Management, Pinegrove is a venture investment platform with combined assets under management of greater than $10 billion that works with founders, fund
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March 13, 2025 @ 08:12 AM
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Capitala Group, a leading private markets investment firm providing capital solutions to lower middle-market companies, announced that its latest fundraise was oversubscribed with over $1.0 billion in commitments, including leverage, and separately managed accounts. Capitala invests both debt and equity capital into small businesses located throughout the U.S. The Firm’s strategy supports family-owned, entrepreneur-owned, and independent sponsor-owned companies seeking non-control growth capital
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March 13, 2025 @ 08:05 AM
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First Citizens Bank's Healthcare Finance business has provided financing to enable a new partnership between Leavitt Equity Partners and Pediatrics Plus, the leading pediatric therapy provider based in Arkansas.Founded in 2002 and headquartered in Conway, Arkansas, Pediatrics Plus is a comprehensive pediatric therapy provider for children with developmental therapeutic needs. It offers a range of services including physical therapy, occupational therapy, speech and language pathology, and
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March 13, 2025 @ 08:00 AM
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MidCap Financial provided a $75 million senior secured credit facility to Dixie Group, Inc. Proceeds from the credit facility were used to refinance the Company’s existing revolving credit facility and will be used to support ongoing working capital needs.Dixie Group’s business consists principally of marketing, manufacturing and selling floorcovering products to high-end customers through its various sales forces and brands. The Company focuses primarily on the upper end of the floorcovering
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March 13, 2025 @ 07:55 AM
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Middle market leaders are navigating uncertainty while poised to make key longer-term investments in technology, talent, and growth according to propriety research on the views of C-Suite executives released by Citizens today.“Business leaders came into the year with a generally upbeat feeling about the economy, and that sentiment remains, despite macroeconomic volatility,” said Don McCree, senior vice chair and head of commercial banking, Citizens. “As businesses navigate an evolving market and
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March 13, 2025 @ 07:44 AM
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Truist announced the hiring of veteran commercial banking executive Gino Di Saverio, who leads a growing middle market banking team in New Jersey that includes three other recent hires. "Gino's sterling reputation for generating new client relationships and building high-performing teams will greatly benefit Truist," said Travis Rhodes, Truist's regional president for New Jersey and Pennsylvania. "His experience and leadership will help Truist grow its presence in the market and deepen
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March 13, 2025 @ 07:00 AM
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B. Riley Financial announced that a formerly wholly-owned subsidiary of the Company has merged with Cascadia Investments, Inc., a shell entity, as a result of which certain investors in Cascadia became minority stockholders of BRF's investment banking subsidiary, B. Riley Securities ("BRS").As part of the tax-free transaction, BRS is implementing its own operating and governance structure, and its common stock will now be quoted on the OTC Pink market under the ticker symbol "BRLY." BRS will
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March 12, 2025 @ 08:15 AM
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