WSFS Financial Corporation, the parent company of WSFS Bank, announced that Bernard (Bernie) Shields will join the organization as Executive Vice President, Pennsylvania Market President. In this role, Shields will report to Executive Vice President, Chief Commercial Banking Officer, Jim Wechsler, and be responsible for influencing growth and sales strategies across the company’s markets, enhancing and optimizing relationships with current and prospective clients, and engaging in the local
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October 16, 2025 @ 08:09 AM
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CIBC Innovation Banking provided a $1.5 million debt facility in growth capital to Vessel Funds Inc. (Vessel), a leading platform that simplifies investor relations, fund reporting and compliance tasks. The financing will support Vessel’s continued global expansion and product innovation.Vessel’s platform enables fund managers and limited partners with real-time insights, streamlined workflows, and enhanced transparency, helping drive operational efficiency and improved decision-making across
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October 16, 2025 @ 08:02 AM
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nFusion Capital provided a $6 million asset based lending facility to an established electrical contracting company providing services for commercial, residential, industrial, and custom electrical projects. Founded in 2005 in Washington state, they now serve the Pacific Northwest region.Despite strong profitability and consistent growth, the Company needed additional working capital to keep pace with expanding project demand. Their existing lender, however, made a strategic decision to reduce
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October 16, 2025 @ 08:00 AM
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Fifty Stones Capital Group successfully closed two high-impact real estate transactions in Utah and Florida. These deals, spanning premium senior living and shovel-ready multifamily development, highlight the firm’s ability to tailor capital solutions for complex projects while delivering measurable value to communities, sponsors, and investors alike.South Jordan, Utah – Elevating Senior Living with a Private-Pay ModelThe journey began earlier this year when Fifty Stones Capital Group was
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October 16, 2025 @ 07:53 AM
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Iron Horse Credit appointed Ana G. Rodriguez as Senior Vice President. Rodriguez brings more than 12 years of progressive operations experience in the commercial finance industry.Rodriguez's career includes roles at financial institutions such as Pathward (formerly Crestmark Bank) where she served as Assistant Operations Manager and subsequently Commercial Finance Operations Manager.
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October 16, 2025 @ 07:47 AM
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PlainsCapital Bank announced that Chief Credit Officer Darrell Adams will retire on Nov. 10, 2025, after 37 years of dedicated service. Brent Raindl, currently Dallas Region Chairman, will succeed Adams as Chief Credit Officer, and Thomas Ricks, President of PlainsCapital’s North Dallas branch, is being promoted to Dallas Region Chairman.“Darrell has been a cornerstone of PlainsCapital Bank since 1988, and his leadership has played a pivotal role in shaping the Bank’s credit culture and
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October 16, 2025 @ 07:41 AM
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H.I.G. WhiteHorse, the credit affiliate of H.I.G. Capital (“H.I.G.”), provided £81m in first-lien, senior-secured credit facilities to Summit Group (“Summit”), a portfolio company of Sovereign Capital Partners (“Sovereign”), to refinance existing indebtedness and support the acquisition of R&H Jersey (“R&H”). Summit is a provider of fiduciary, administrative, and advisory services to a wide range of private clients. Summit and R&H bring both complementary and supplementary benefits in service
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October 16, 2025 @ 07:30 AM
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Derby Lane Partners announced its launch as a newly formed alternative investment management firm founded by Adam Piekarski with up to $1.8 billion committed across the platform from the strategic anchor partners. Derby Lane will provide flexible, creative capital solutions to the market across asset classes, with an initial focus on the compelling investment opportunity in commercial real estate credit in North America. The Firm launches with the support of strategic anchor partners, including
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October 16, 2025 @ 07:13 AM
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Top California Lender closed a $20 million construction loan to support the ground-up development of a new hotel and entertainment venue in Frisco, Texas. This time-sensitive deal was finalized today after the initial lender withdrew at the last minute, leaving the project in urgent need of funding.The project will deliver upscale accommodations, dining options, and entertainment facilities, catering to the rising hospitality demand in one of Texas's fastest-growing cities. Strategically located
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October 16, 2025 @ 07:07 AM
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SLR Capital Partners announced that Mac Fowle has joined the firm as President of Asset-Based Lending ("ABL").In this newly created role, Fowle will lead the expansion of SLR's ABL platform by leveraging his more than 20 years of experience in the ABL industry for U.S. middle market borrowers. Fowle will report to Michael Gross and Bruce Spohler, Co-Founders of SLR, and Cedric Henley, Chief Risk Officer of Specialty Finance. Fowle's expertise will complement SLR's current ABL leadership team
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October 15, 2025 @ 08:15 AM
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White Oak Commercial Finance, (“WOCF”), an affiliate of White Oak Global Advisors, provided a combined $37 million in new financing commitments for two companies within the retail and energy industries: an omnichannel retailer of work-related clothing, merchandise and accessories, and a leading electric provider for commercial and industrial customers in the Northeast US.WOCF closed the $25 million ABL revolving credit facility for the omnichannel retailer, which will be primarily utilized to
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October 15, 2025 @ 08:10 AM
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The Huntington National Bank announced Jay Turakhia as Regional President for Northeast Ohio, succeeding Sean Richardson, who has been promoted to president of Huntington Distribution Finance.Turakhia brings to this role extensive experience in regional and commercial banking. He will oversee Huntington's Northeast Ohio region, which spans across Cleveland, Akron, Canton and the surrounding communities, continuing the bank's commitment to making people's lives better, helping businesses thrive
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October 15, 2025 @ 08:02 AM
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SLR Business Credit (“SLRBC”) funded a new senior secured credit facility for a large-scale distributor of specialty polymers (the “Company”). The Company had outgrown its bank line and needed a larger credit facility to support its growth. Its bank partner introduced SLRBC to refinance the senior facility while the bank maintained a relationship for treasury services and an affiliate real estate loan. SLRBC structured and approved a line with supplemental AR and inventory availability while
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October 15, 2025 @ 08:00 AM
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Trinity Capital announced the commitment of $130 million in growth capital to Candel Therapeutics, Inc., a clinical-stage biopharmaceutical company focused on developing viral immunotherapies to help patients fight cancer. Candel Therapeutics is developing a clinical pipeline of off-the-shelf cancer treatments that aim to empower a patient's own immune system to fight cancer. The company's leading therapies, CAN-2409 and CAN-3110, focus on treating solid tumors in a variety of cancers
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October 15, 2025 @ 08:00 AM
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Getzler Henrich & Associates, the Hilco Global turnaround and restructuring practice, is proud to have been financial advisor to Presperse Corporation, a subsidiary of Sumitomo Corporation of Americas (SCOA), in its successful restructuring and the consensual resolution of current and future talc injury lawsuits, in what is believed to be the first confirmed talc 524(g) plan of reorganization. Presperse’s plan was confirmed by Judge Michael B. Kaplan of the U.S. Bankruptcy Court for the
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October 15, 2025 @ 07:50 AM
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