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Citizens Financial Group and Investors Bancorp announced that they have entered into a definitive agreement and plan of merger under which Citizens will acquire all of the outstanding shares of Investors for a combination of stock and cash.The... Read Story

Filed Under: Banking News
July 28, 2021 @ 08:20 AM

Oxford Finance closed a $28 million senior credit facility to AvantGarde Senior Living, A Luxurious Senior Living Community™. The funds are being used to refinance existing debt on one facility located in Tarzana, California.Founded in 2008... Read Story

July 28, 2021 @ 08:03 AM

GoodData closed on a $45 million credit facility from J.P. Morgan. Building on the company’s recent adoption momentum and the release of the GoodData Cloud Native platform (GoodData.CN), GoodData will use this new financing to grow its global sales... Read Story

Filed Under: Technology
July 28, 2021 @ 08:00 AM

SG Credit provided a $5.5 million senior secured cash flow term loan to an entrepreneur-owned specialty delivery service catering primarily to the medical industry. The founder of the Company needed growth capital to fund an emerging but unrelated... Read Story

Filed Under: Specialty Industries
July 28, 2021 @ 07:53 AM

Hemisphere Energy Corporation entered into a new extendible two year committed term facility with ATB Financial, providing for borrowings of up to $35,000,000. As part of entering into the Credit Facility, the Company has fully repaid and terminated... Read Story

Filed Under: Energy
July 28, 2021 @ 07:27 AM

TradeCap Partners closed a $7 million purchase order finance facility for a beauty and wellness company based in Florida. The Company designs, manufactures and distributes skincare devices, accessories and topical products.The Company had experienced... Read Story

Filed Under: Consumer Products
July 28, 2021 @ 07:00 AM

Gupshup, the leader in conversational messaging, announced it has raised an additional $240 million in follow-on funding from an industry-leading group of investors including Fidelity Management and Research Company LLC, Tiger Global, Think... Read Story

Filed Under: Technology
July 28, 2021 @ 06:28 AM

CVB Financial Corp., the holding company for Citizens Business Bank, and Suncrest Bank announced they have entered into an agreement and plan of reorganization and merger, pursuant to which Suncrest will merge with and into Citizens in a stock and... Read Story

Filed Under: Banking News
July 28, 2021 @ 06:00 AM

Wells Fargo announced that Cesar Gonzalez has been named head of operations for Commercial Banking. He will join the company on Aug. 30, 2021, and will dually report to Perry Pelos, CEO of Wells Fargo Commercial Banking, and Lester Owens, head of... Read Story

July 27, 2021 @ 08:08 AM

WSFS Financial Corporation, the parent company of WSFS Bank, received approval from the Office of the Comptroller of the Currency (OCC) to merge with Bryn Mawr Bank Corporation as previously reported on March 11, 2021. Subject to the remaining... Read Story

Filed Under: Banking News
July 27, 2021 @ 07:59 AM