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The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
Cambridge Savings Bank Leads $45MM Participation Loan for Modera Wealth Management
Thursday, February 22, 2024
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Lenders/Participants
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Cambridge Savings Bank [Lead Lender]
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Structure
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Participation Loan
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Amount
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$45.000
Million
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Borrower(s)
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Modera Wealth Management
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Description
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The funding provided by CSB supported Modera’s largest transaction to date, adding Parsec’s assets, including its approximately 75 employees collectively managing around $3.8 billion in client assets. Modera oversees more than $11.4 billion in assets as of October 1, 2023 with more than 190 employees, including 83 Certified Financial Planners®, across 16 offices.
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Industry
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Investor Services
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| Related Tags |
Cambridge Savings Bank
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ABL Advisor
Deal Tables
2024
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