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Santander Bank, N.A. announced the appointment of three key executives: Patrick Smith has been named Head of Small Business Banking, Giancarlo Marchesi has been named Head of Consumer Lending and Jennifer Mathissen has been named Chief Marketing Officer. They will report to Head of Consumer and Business Banking Pierre Habis. The appointments are another important step in Santander Bank’s growth and transformation strategy.“Santander Bank is on a path toward growth through simplifying how we go Read Story

October 09, 2020 @ 09:04 AM

First Citizens BancShares, Inc., the parent company of First-Citizens Bank & Trust Company, and CIT Group Inc., the parent company of CIT Bank, N.A., jointly announced they have entered into a definitive agreement under which the companies will combine in an all-stock merger of equals to create the 19th largest bank in the United States based on assets.The transformational partnership will create greater scale to drive growth, improve profitability and enhance stockholder value. The transaction Read Story

October 16, 2020 @ 08:33 AM

Hilco Global, the world’s premier authority on asset valuation, monetization, and advisory services, announced that they have been retained to assist in the liquidation of U.S. and international operations for Shop-Vac.Shop-Vac was established in 1953 and is headquartered in Williamsport, Pennsylvania. The company pioneered the concept of the wet/dry vacuum cleaner and was the leading manufacturer of wet/dry vacuums and accessories when it ceased operating in September 2020.Hilco Global will be Read Story

Filed Under: Industry News
October 09, 2020 @ 08:59 AM

White Oak ABL, an affiliate of White Oak Global Advisors, LLC, announced it funded and arranged a $99.5 million senior secured credit facility to an international infant and toddler toy and product manufacturer to finance the company’s growth and ongoing working capital.The senior secured credit facility consists of an $80 million working capital facility secured by receivables and inventories in the US, UK, Netherlands, and Hong Kong and a $19.5 million IP term loan. White Oak is the agent for Read Story

Filed Under: Consumer Products
October 15, 2020 @ 09:14 AM

Encina Capital Partners and an affiliate of certain funds managed by Oaktree Capital Management, L.P. (“Oaktree”) announced today that they have launched Encina Lender Finance, LLC (“ELF”), a new independent lender finance platform targeting commercial and consumer specialty finance companies in the U.S. and Canada.Headquartered in Atlanta, ELF offers revolving lines of credit and term loans ranging in size from $10 - $40 million to specialty finance companies (sponsored and non-sponsored) Read Story

Filed Under: Industry News
October 22, 2020 @ 08:30 AM

2020-10-23 06:57