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Citizens Bank Provides New Financing for SunCommon

June 28, 2018, 07:05 AM
Filed Under: Energy

Citizens Bank announced that Citizens Commercial Banking led a new credit facility for SunCommon, Vermont’s largest provider of residential, community and commercial solar systems. The funds will fuel growth after SunCommon’s acquisition of Rhinebeck, N.Y.-based solar provider Hudson Solar. Citizens is the sole lender. 

“We really value Citizens Bank as a great banking partner for our growing business,” said Duane Peterson, co-founder of SunCommon, which has 110 employees. 

“The Citizens team brought great commercial banking solutions and executed the transaction quickly and seamlessly,” added Jeff Irish, founder of Hudson Solar, which has 30 employees.            

“Providing growth capital is just one of the ways that Citizens delivers substantial value for our clients at every stage of their business life cycle,” said Joe Carelli, president, Citizens Bank, Vermont and New Hampshire.  “At Citizens, we think about the needs of our clients from their point of view and offer holistic solutions that deliver the combined strength of the entire bank.” 

Citizens is a trusted strategic and financial adviser, consistently delivering clear and objective advice. The Citizens Commercial Banking approach puts clients first by offering great ideas combined with thorough market knowledge and excellent execution to help our clients enhance their business and reach their potential. 

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