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Fulton Financial Corporation announced the successful completion of its acquisition of Prudential Bancorp, Inc. headquartered in Philadelphia, PA, in a transaction in which Prudential Bancorp was merged into Fulton.“We are excited to have completed, in approximately four months, the acquisition of Prudential Bancorp,” said E. Philip Wenger, Fulton’s Chairman and Chief Executive Officer. “I am really proud of the team members from both banks, who are joining together to create a smooth transition Read Story

Filed Under: Banking News
July 05, 2022 @ 08:00 AM

KKR announced the final close of KKR Asset-Based Finance Partners (“ABFP” or the “Fund”), KKR’s first fund dedicated to asset-based finance investments “ABF.”  The approximately $2.1 billion fund will commit capital globally to privately originated and negotiated credit investments that are backed by large and diversified pools of financial and hard assets, with attractive risk-adjusted returns. “The $4.5 trillion ABF market is one of the most compelling and fastest-growing opportunities within Read Story

Filed Under: Industry News
July 13, 2022 @ 08:05 AM

Divergent Technologies closed a new $60 million venture loan facility led by Horizon Technology Finance, and a new $20 million revolving line of credit provided by Bridge Bank, a division of Western Alliance Bank. The new facilities follow Divergent's successful $160 million Series C funding earlier this year.Under the terms of the venture loan agreement, Horizon, a leading specialty finance company that provides capital in the form of secured loans to venture capital backed companies in the Read Story

Filed Under: Technology
July 08, 2022 @ 07:39 AM

Gordon Brothers, in a joint venture with Ciminelli Real Estate Corporation, has acquired a 93,500-square-foot research and development building on 7.4 acres in Andover, Massachusetts for $19.8 million. The property is located at 3 Riverside Drive, adjacent to 6 Riverside Drive, a 78,000-square-foot office building the joint venture acquired from the same owner in November 2021. This acquisition expands Gordon Brothers’ research and development portfolio in the I-93 North market and its Read Story

Filed Under: Real Estate
June 30, 2022 @ 07:41 AM

Regions Bank announced the establishment and continued business growth of a Commercial Corporate Finance (CCF) team that is connecting business leaders with specialized resources, insights, and guidance on opportunities including ownership transitions, financing alternatives, and risk management. The team is led by Coulter Warlick, who joined Regions in 2021 to develop and launch this team.“The Commercial Corporate Finance team is positioned to further enhance and expand Regions’ financing Read Story

Filed Under: Banking News
July 07, 2022 @ 08:01 AM

2022-08-07 23:48