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News Stories (14 Results) - ALoStar Bank of Commerce

State Bank Financial Corporation, the holding company for State Bank and Trust Company, announced that it has completed its previously announced merger with AloStar Bank of Commerce, for $197.6 million in cash.  The merger was completed on September... Read Story
October 02, 2017, 08:01 AM

AloStar provided a $14 million loan to Aerospace Manufacturing Group (“AMG”), an aerospace and defense focused enterprise based in Huntington Beach, Calif.  AMG is a holding company of manufacturers specializing in the production and assembly of... Read Story
February 11, 2016, 07:55 AM

AloStar provided $10.7 million in capital to a new client through its lender finance unit, AloStar Lender Finance. AloStar continues to support this vertical, which has committed more than $500 million to its partners to date. “AloStar Lender Finance... Read Story
February 09, 2016, 07:33 AM

TriplePoint Venture Growth BDC Corp., a leading financing provider to venture growth stage companies backed by a select group of venture capital firms in the technology, life sciences and other high growth industries, has renewed its existing $200... Read Story
January 29, 2016, 07:30 AM

Horizon Technology Finance Corporation announced that its wholly owned subsidiary, Horizon Credit II LLC, has amended its syndicated revolving credit facility led by KeyBank National Association.The amendment increases the size of the credit facility... Read Story
August 13, 2015, 07:56 AM

CAN Capital, a leading player in alternative small business finance, announced today that it secured a $650 million credit facility from a dozen leading lenders. Led by Wells Fargo Capital Finance, the transaction includes new commitments from Morgan... Read Story
April 03, 2015, 07:44 AM

Lakeland Industries, Inc. announced an amendment to its senior revolving credit facility with AloStar Bank of Commerce.  The amended terms include a 200 basis point reduction in interest rate with a new floor lowered to 4.25% and a term extension by... Read Story
April 03, 2015, 07:38 AM

AloStar Bank of Commerce Chairman and CEO Michael J. Gillfillan has announced his retirement effective April 15, 2015. The board of directors of AloStar Bank of Commerce has announced the appointment of Andrew S. "Andy" McGhee as CEO. McGhee will... Read Story
March 11, 2015, 07:54 AM

Gladstone Investment Corporation announced that on Sep. 19, it increased its borrowing capacity on its line of credit by $80 million to $185 million in aggregate with the addition of four new lenders. Through its wholly-owned subsidiary, Gladstone... Read Story
September 23, 2014, 07:29 AM

AloStar Business Credit has provided a $20 million senior secured revolver to Diamonds Direct USA, Inc., an operator of five retail diamond stores in the United States. The stores operate in Charlotte and Raleigh, NC; Richmond, VA; Austin, TX; and... Read Story
February 05, 2014, 07:34 AM

CAN Capital announced $33 million in funding led by Meritech Capital Partners (Meritech) with increased participation and ownership from existing investor Accel Partners (Accel). Meritech and Accel were joined in the funding round by Ribbit Capital... Read Story
January 10, 2014, 07:21 AM

AloStar Bank of Commerce has announced the launch of AloStar Source, a comprehensive program designed to support community and mid-sized banks nationwide, seeking to offer middle market businesses access to more working capital.          Three... Read Story
October 18, 2013, 08:03 AM

AloStar Business Credit has announced the launch of its Lender Finance Division, and named Wells Fargo and GE Commercial Finance veteran Luke Graham managing director.  Graham will spearhead a team of AloStar professionals – John David Gettmann... Read Story
July 18, 2013, 08:06 AM

Lakeland Industries, Inc., a leading global manufacturer of industrial protective clothing for industry, municipalities, healthcare and first responders on the federal, state and local levels, announced the completion of financing transactions that... Read Story
July 02, 2013, 08:06 AM