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Week's News

From the third quarter Phoenix Management “Lending Climate in America” survey, results reveal lenders are increasingly pessimistic of the U.S. economy in both the near and long term.After a brief resurgence in Q2 2019, lenders displayed a more... Read Story

Filed Under: Economy
October 18, 2019 @ 09:00 AM

Santander Bank announced Patrick Dunphy has been appointed Head of its Mid Corporate Banking and Verticals businesses within the Commercial Bank. In his new role, Dunphy will be responsible for leading the growth of Santander's mid corporate banking... Read Story

October 18, 2019 @ 08:57 AM

Sterling Bancorp, Inc., the holding company of Sterling Bank and Trust, F.S.B., announced Chairman and CEO Gary Judd will retire after over 11 years of service with the company. Sterling’s Board of Directors has appointed Tom Lopp, the company’s... Read Story

October 18, 2019 @ 08:55 AM

SSG Capital Advisors, LLC ("SSG") acted as the investment banker to THG Holdings LLC ("True Health" or the "Company") in the sale of select assets to Cleveland HeartLab, a wholly-owned subsidiary of Quest Diagnostics ("Quest"). The sale was... Read Story

October 18, 2019 @ 08:45 AM

Huntington Bancshares, Inc. announced Zachary J. Wasserman will become Huntington's Senior Executive Vice President and Chief Financial Officer, effective Nov. 4. In this role, Wasserman will be responsible for finance, strategic planning, mergers... Read Story

October 18, 2019 @ 08:30 AM

Amerisource Business Capital announced the acquisition of two specialty finance business units from MidSouth Bank, based in Lafayette, Louisiana. The two acquisitions included loan portfolios of over 1200 commercial borrowers.  In conjunction with... Read Story

Filed Under: Industry News
October 17, 2019 @ 09:15 AM

Wells Fargo Commercial Capital announced the realignment of its Canada-based equipment finance and asset-based lending (ABL) originations teams into a newly integrated business unit, harnessing the collective expertise to enhance the customer... Read Story

October 17, 2019 @ 09:05 AM

With markets concerned about a potential turn in the economy, one-off credit issues could weigh on U.S. regional banks' third-quarter earnings season, according to a new briefing paper by analysts from S&P Global Market Intelligence.Margin pressure... Read Story

Filed Under: Banking News
October 17, 2019 @ 09:00 AM

People's United Bank, N.A., a subsidiary of People's United Financial, Inc. (NASDAQ: PBCT), announced its Healthcare Finance and Capital Markets Divisions provided a $57.5 million Credit Facility to ReNew REIT, a privately held healthcare real estate... Read Story

Filed Under: Real Estate
October 17, 2019 @ 08:55 AM

CIT Group Inc. announced CIT Northbridge Credit, through its investment advisor CIT Asset Management LLC, served as sole lead arranger on a $40 million senior secured credit facility for Hantover Inc., a leading distributor of products to the food... Read Story

October 17, 2019 @ 08:50 AM