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The PrivateBank Provides $16MM to Merit Capital Portfolio Companies

January 27, 2015, 07:26 AM
Filed Under: Metals and Mining

The PrivateBank announced it has extended a $16 million credit facility to Advantage Sintered Metals, Inc. and Contact Technologies, Inc., powdered metal manufacturers based in Battle Creek, MI, and St. Mary’s, PA, respectively.

Advantage Sintered Metals and Contact Technologies are portfolio companies of Merit Capital Partners, an investor of mezzanine and equity capital in middle-market companies principally in manufacturing, distribution and services industries.

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 December 31, 2014, the company had 34 offices in ten states and $15.6 billion in assets.

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