The PrivateBank announced it has extended a $9.125 million credit facility to City Wholesale, Inc., a wholesale distributor of tobacco, candy and groceries, based in Birmingham, AL.
The PrivateBank is a part of PrivateBancorp, Inc., and delivers customized business and personal financial services to middle-market companies, as well as business owners, executives, entrepreneurs and families in all of the markets and communities it serves. As of September 30, 2016, the company had 34 offices in 12 states and over $19 billion in assets. On June 29, 2016, PrivateBancorp, Inc., announced plans to merge with CIBC, a leading Canadian bank.