Modern Banking Group (MBG) announced the recent closing and funding of an ABL facility to an experienced wholesaler of licensed consumer goods. The facility consists of a $4 million revolving line of credit for working capital purposes. The C&I Team...
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December 15, 2025, 07:51 AM
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Representatives of Modern Banking Group (MBG), led by Steven Caligor, Joe Petrelli, and Alex Jeffrey, announced the financing for the $6.5 million acquisition of the majority shares of a 68-unit multi-family property, located in Bay Ridge, NY. The...
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December 08, 2025, 08:00 AM
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Modern Banking Group (MBG) announced the successful closing of a $5 million revolving line of credit for a leading nationwide real estate development and management firm. This transaction underscores the Bank’s commitment to providing flexible and...
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December 04, 2025, 08:07 AM
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Modern Banking Group (MBG) announced that banking industry veteran, Steven Caligor, has joined our Executive Management Team as Chief Lending Officer and Executive Vice President. In this role, Caligor will lead commercial lending operations, drive...
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October 17, 2024, 09:02 AM
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