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Gordon Brothers Announces Leadership Transition
Gordon Brothers announced that Norma Kuntz will be appointed Chief Executive Officer of the company, effective February 13, 2023. Ken Frieze, the company’s current CEO, and Michael Frieze, the current Chairman, will continue to serve the company as Chairman and Chairman Emeritus, respectively. This...
U.S. Bancorp Completes Acquisition of Union Bank
U.S. Bancorp completed the acquisition of MUFG Union Bank’s core regional banking franchise from Mitsubishi UFJ Financial Group, Inc. The transaction brings together two premier organizations to serve customers and communities across California, Washington, and Oregon and support a dedicated...
SSG Advises Xeeva in the Sale of Outstanding Stock to Simfoni Limited
SSG Advisors, acted as the investment banker to Xeeva, Inc., a portfolio company of Peak Equity Partners, in the sale of its outstanding stock to Simfoni Limited, a portfolio company of PeakSpan Capital, LLC. The transaction closed in November 2022.Headquartered in Southfield, Michigan, Xeeva is a...
Newtek Receives Approval From the OCC to Acquire National Bank of New York City
Newtek Business Services Corp. received conditional approval from Office of the Comptroller of the Currency (“OCC”) to complete its acquisition of the National Bank of New York City. Newtek announced last week that it received approval from the Federal Reserve to become a bank holding company and a...
Conditions Ripe for Receiverships
Bill Lawrence
More and more businesses are showing signs of distress. When businesses become insolvent, they have only a few choices...
11/1/2022 Topic: Bankruptcy
As economic volatility ensues and more businesses face distress, Ben Nicholson...
Ben Nicholson, CEO of Fortis Business Advisors discusses the use of "Pop-Ip"...
Topic: Bankruptcy
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