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Residents of Massachusetts and Connecticut will have increased access to community-based human services thanks to a recent financing arrangement between Vinfen Corporation and TD Bank. TD Bank's Education, Not-for-Profit and Government Finance Group recently provided a $42.9 million tax-exempt, direct bond purchase, a $4.77 million term loan and $12 million in lines of credit for Vinfen, a not-for-profit organization that is one of the largest human services providers in New England. The bond Read Story

Filed Under: Specialty Industries
December 10, 2019 @ 08:00 AM

Wells Fargo & Company announced Scott Powell has been named Chief Operating Officer effective Dec. 9. He will serve on the company’s Operating Committee and report directly to CEO and President Charlie Scharf. Powell most recently was CEO of Santander Holdings USA, Inc. as well as CEO of Santander Consumer USA Holdings Inc., a publicly traded consumer finance company focused on vehicle finance and third-party servicing.“I have known Scott for many years, and his tremendous experience, proven Read Story

December 03, 2019 @ 09:00 AM

Destination Maternity Corporation, a national retailer for maternity apparel and accessories, filed on November 29, 2019 a motion to approve the selection of Marquee Brands, LLC as the stalking horse bidder in its ongoing marketing and sale process. Marquee Brand’s bid is to purchase the Company’s ecommerce businesses, intellectual property, leased departments within department stores and baby specialty stores, strategic marketing partnerships and the right to designate certain inventory and Read Story

Filed Under: Retail
December 05, 2019 @ 08:19 AM

The former Chief Operating Officer and Chief Financial Officer of Celadon Group Inc., a publicly traded transportation and trucking company headquartered in Indianapolis, IN, were charged in an indictment unsealed Dec. 5 for their alleged role in a complex securities and accounting fraud scheme that resulted in a loss of more than $60 million in shareholder value, according to the U.S. Department of Justice. William Eric Meek, 39, and Bobby Lee Peavler, 40, both of Indianapolis were each charged Read Story

Filed Under: Fraud
December 06, 2019 @ 08:55 AM

Umpqua Bank, a West Coast regional bank, released its "State of the Middle Market 2020," a national survey gauging the confidence of companies that together account for one-third of all U.S. private sector GDP. More than 500 decision-makers at middle market companies across all industries and geographic regions were polled on issues impacting their economic confidence and decision-making heading into 2020, including U.S.-China trade, stock market volatility, the labor market and interest rate Read Story

Filed Under: Economy
December 04, 2019 @ 09:00 AM

2019-12-15 07:42