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Citizens Bank Provides $35MM Credit Facility to Kane Is Able

July 12, 2016, 07:37 AM
Filed Under: Logistics

Citizens Bank announced that Citizens Commercial Banking has provided a new $35 million credit facility to supply chain solutions provider Kane Is Able. Citizens is the sole lender on the financing.

 “Citizens Bank has proven to be a great financial and strategic partner,” said Lou Houck, Chief Financial Officer of Scranton, PA-based KANE.   “The entire Citizens team brought great ideas to the table and executed the transaction seamlessly.”

“We are delighted to welcome KANE as a new client for Citizens Bank,” said Chris Carmosino, President of Business Capital at Citizens Bank. “We look forward to supporting KANE’s continued success in the warehousing and transportation services industry.”

Citizens Financial Group, Inc. is one of the nation’s oldest and largest financial institutions, with $140.1 billion in assets as of March 31, 2016. Headquartered in Providence, Rhode Island, Citizens offers a broad range of retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations and institutions. In Commercial Banking, Citizens offers corporate, institutional and not-for-profit clients a full range of wholesale banking products and services including lending and deposits, capital markets, treasury services, foreign exchange and interest hedging, leasing and asset finance, specialty finance and trade finance.

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