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News Stories (15 Results) - ALoStar Bank

AloStar Capital Finance successfully closed an $11.8 million committed credit facility to American-Marsh Pumps (“American-Marsh”), a global supplier and manufacturer specializing in pumping applications. “American-Marsh is pleased to establish this... Read Story
August 17, 2018, 08:10 AM

AloStar Capital Finance recently provided a $20 million committed credit facility to McGinty Road Partners (MRP), an opportunistic, absolute value-focused, credit-centric manager.“As our firm matures and our portfolio of clients grows, this... Read Story
June 15, 2018, 07:09 AM

Randy Lederman, a veteran corporate finance and business development specialist, has been named business development director of AloStar Capital Finance with responsibility for the New York City region. Lederman will focus on raising the visibility... Read Story
February 09, 2018, 07:45 AM

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 additional senior capital to FLOCK Specialty Finance as part of a major upgrade to its Senior Revolving Credit facility agented by The Private Bank. FLOCK is an Atlanta-based provider of capital to buyers of non-performing debt and... Read Story
June 20, 2017, 07:17 AM

State Bank Financial Corporation, the holding company for State Bank and Trust Company, and AloStar Bank of Commerce announced the signing of a definitive agreement for State Bank to acquire AloStar in an all cash transaction with a purchase price of... Read Story
June 16, 2017, 07:21 AM

AloStar funded a $4.4 million loan for the acquisition, by Blue Horseshoe Acquisitions Group, of an office complex in the Sandy Springs area of Atlanta. The property, named Roswell Oaks, is a collection of five Williamsburg-style, multi-story... Read Story
January 03, 2017, 07:30 AM

David J. Turco, a veteran corporate finance and business development specialist, has been named Business Development Director of AloStar Capital Finance with responsibility for the six-state New England area. Turco will focus on raising the... Read Story
November 30, 2016, 07:40 AM

AloStar provided a $6.5 million loan to Hercules Funding, LLC, an investment firm based in Palo Alto, CA. Hercules Funding, LLC provides venture funding to a variety of firms including technology and life sciences companies. “Hercules is a great... Read Story
May 17, 2016, 07:45 AM

Hercules Capital, Inc., a leading specialty financing provider to innovative venture growth stage companies backed by leading venture capital firms, today announced that effective April 7, 2016, it has expanded its credit facility with Wells Fargo... Read Story
April 08, 2016, 07:52 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 Business Credit provided more than $73 million in financing to seven companies in the first four months of 2015. The businesses were located across the country and represent a cross section of industries.“These credit lines will advance... Read Story
September 15, 2015, 07:27 AM

AloStar announced it has added four people to its team to support growth in its loan portfolio and the addition of a real estate finance product.  Dan Rogers, Megan Enlow and Jared Schlosser join the underwriting team while Maryann Taylor joins as a... Read Story
June 04, 2015, 07:50 AM

AloStar has announced the expansion of its product offering with the launch of AloStar Real Estate Finance.  David Hudson has been named Managing Director and will head the newest platform in the AloStar suite of products.AloStar’s real estate... Read Story
May 28, 2015, 07:54 AM

TD Bank  has named Richard (Rich) Bochicchio as Managing Director-Business Development in Asset Based Lending. Based in Wilton, CT, he is responsible for developing new and expanding existing ABL relationships across the Metro NYC market.Bochicchio... Read Story
March 25, 2015, 08:03 AM