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Avidbank Holdings, Inc., a bank holding company and the parent company of Avidbank, announced today that it is further expanding its reach in the Northeast, adding Jeff Griffor to its powerhouse Venture Lending team.Mr. Griffor joined the Bank as Senior Vice President, Venture Lending and will be based in Boston. He comes to Avidbank with nearly 30 years of experience in diverse roles within commercial finance in the U.S. and Canada, most recently as Managing Director at Hercules Capital where Read Story

January 13, 2020 @ 09:05 AM

Mitsubishi UFJ Financial Group (MUFG) announced it has hired Timothy Fischer as Managing Director, Head of U.S. Leveraged Finance Sales. Based in New York, Mr. Fischer will begin on Jan. 21 and report to John Karabelas, MUFG's Head of Institutional Investor Sales in the Americas.In this newly created role, Mr. Fischer will be responsible for leading distribution of leveraged loans and high-yield bonds in partnership with the bank's Capital Markets team."With more than 25 years of both sales and Read Story

January 17, 2020 @ 09:15 AM

CIT Group Inc. announced it has hired Calvin Navatto as a Business Development Officer in its Commercial Services business.Navatto will be based in New York City and focus on business development across a wide range of business verticals supported by Commercial Services, including apparel, footwear, housewares, consumer electronics, health and beauty aids, and more.“Calvin is an experienced financial professional with the skills and experience to help grow our factoring and asset-based lending Read Story

January 17, 2020 @ 09:10 AM

AvidXchange, a provider of accounts payable (AP) and payment automation solutions for the middle market, has raised $260 million in equity capital as part of the company's latest financing round.With contributions from TPG Sixth Street Partners and other investors, this brings total funding to more than USD800 million over the company's 20-year history. The new capital will fuel AvidXchange's continued growth and innovation, allowing the company to invest in its solutions for both buyers and Read Story

Filed Under: Industry News
January 20, 2020 @ 09:00 AM

Bank of America Business Capital is pleased to announce three new region marketing managers: Bobby Bans in the western region; Peter Langburd in the eastern region; and Steve Pomerantz in the central region.  Each will oversee a team of business development officers, who provide asset-based lending solutions and banking products to large and middle market companies, intermediaries and financial sponsors in the United States, Canada and across Europe.Based in Los Angeles, Bobby has more than 25 Read Story

January 23, 2020 @ 09:10 AM

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