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First Capital Bank Converts to South Carolina State-Chartered Bank, Moves Headquarters to Charleston, South Carolina
January 5, 2022First Capital Bank ("the Bank") today announced that it has converted from a North Carolina state-chartered bank to a South Carolina state-chartered bank and relocated its headquarters to 304 Meeting Street, Charleston, South Carolina. The Bank remains a subsidiary of First Capital Bancshares, Inc., which is also headquartered in Charleston.
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Gridiron Capital Promotes Will Hausberg and Scott Harrison to Senior Managing Director
January 5, 2022Gridiron Capital, LLC (“Gridiron Capital”), an investment firm focused on partnering with founders, entrepreneurs, and management teams, is pleased to announce that Will Hausberg and Scott Harrison have both been promoted to Senior Managing Director.
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Runway Growth Capital Announces a Senior Secured Term Loan of $65 Million to Snagajob
January 5, 2022Runway Growth Capital LLC ("Runway"), a leading provider of growth loans to both venture and non-venture backed companies seeking an alternative to raising equity, today announced the close of a senior secured term loan commitment of $65 million to Snagajob.com, Inc. ("Snagajob"), the nation's largest marketplace for hourly jobs and shifts.
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Sterling National Bank Provides $2,500,000 to Web Packaging Solutions, LLC
January 5, 2022Sterling National Bank's Commercial Services Group provided a recourse factoring facility of $2,500,000 to Web Packaging Solutions, LLC. The credit facility will provide working capital for the company’s anticipated future growth.
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Virtu Financial, Inc. Commences Marketing of New Senior Secured First Lien Term Loan
January 5, 2022Virtu Financial, Inc. (NASDAQ: VIRT) (the “Company”) a global market maker, broker and leading provider of global financial services technology, today announced that its subsidiaries commenced marketing of a $1.80 billion senior secured first lien term loan (the “Term Loan”) due in 2029.
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Regions Financial Closes on its Acquisition of Clearsight Advisors
January 5, 2022Regions Financial Corp. (NYSE:RF), the parent company of Regions Bank, on Tuesday announced it has completed its acquisition of Clearsight Advisors, Inc. The acquisition expands Regions’ mergers-and-acquisitions (M&A) advisory capabilities into the technology industry.
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JPMorgan Chase Survey Results: Businesses Set Their Sights on Growth in 2022 Despite Ongoing Supply Chain and Cost-Related Challenges
January 5, 2022Small and midsize U.S. business leaders remain confident in their companies and resourceful in their approaches to confronting macroeconomic challenges that have created growing pains over the last year, finds JPMorgan Chase’s 2022 Business Leaders Outlook Survey released today.
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Franklin BSP Lending Corporation and Franklin BSP Capital Corporation, Affiliates of Benefit Street Partners, Acquire Encina Equipment Finance, LLC
January 5, 2022Franklin BSP Lending Corporation (“FBLC”) and Franklin BSP Capital Corporation (“FBCC”), business development companies advised by affiliates of Benefit Street Partners L.L.C. (“BSP”), today announced the acquisition of substantially all of the equity interests of Encina Equipment Finance, LLC (“Encina Equipment” or “EEF”), a leading non-bank equipment finance platform providing secured leases and loans to middle-market companies.
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Burnley Capital Provides $2.75MM Revolver to Patrick James
January 5, 2022Burnley Capital, LLC announced the closing of a $2.75 million asset based revolving credit facility to Patrick James to support the Company’s growth and operations. Patrick James is a California based multi-channel retailer of men’s lifestyle apparel. Founded in 1962, the Company offers sportswear, tailored clothing, denim, dress shirts, neckwear, shoes, accessories and various other lifestyle products.
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FTI Consulting Enhances Restructuring and Litigation Services
January 5, 2022FTI Consulting, Inc. (NYSE: FCN) today announced the appointment of Guy Davis as a Senior Managing Director and JP Eldred as a Managing Director within the Corporate Finance & Restructuring segment.
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Abacus Finance Provides Senior Debt Financing to Support the Growth Investment in Wagner Logistics by LongueVue Capital
January 5, 2022Abacus Finance Group, LLC – a leading provider of cash flow-based, classic senior debt for sponsor-led buyouts of companies with $3 million to $15 million in EBITDA – today announced that it served as Senior Secured Credit Facilities Administrative Agent and Sole Lead Arranger for senior secured credit facilities to support the growth investment in Wagner Logistics by LongueVue Capital.
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Brian Rafanello Joins Provident as SVP, Head of Treasury Management
January 4, 2022Provident Bank, a leading New Jersey-based financial institution announced today that Brian Rafanello has joined the Bank as Senior Vice President, Head of Treasury Management. Mr. Rafanello is based in the Bank’s Iselin, N.J. administrative headquarters and is responsible for leading the sales, service and operations for the Treasury Management department.
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Fifth Third Business Capital Provides $32 Million in Senior Debt Financing to Laurel Grocery Company LLC
January 4, 2022Laurel Grocery was founded in 1922, when the Chestnut and Griffin families formed a partnership in a warehouse located in East Bernstadt, KY. The Company is currently owned by the third generation of the two families. The business grew through the years and eventually re-located to the current site in London KY. Over the years the Company added seven retail grocery stores.
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Yieldstreet Private Business Credit Closed 40 New Deals Totaling $335,000,000
January 4, 2022Yieldstreet Private Business Credit finished its first full year in tremendous fashion. In 2021, YS PBC closed a total of $335M in new deals across both consumer and commercial asset classes within various positions of the capital structure.
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First Financial Bank Completes Acquisition of Summit Funding Group
January 4, 2022First Financial Bancorp. (Nasdaq: FFBC) ("First Financial") announced today that it has completed its previously announced acquisition of Cincinnati-based Summit Funding Group, Inc. ("Summit"), the fourth largest independent equipment financing platform in the United States.
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TG Therapeutics Expands Term Loan Facility With Hercules Capital to $200 Million
January 4, 2022TG Therapeutics, Inc. (NASDAQ: TGTX), today announced that its existing term loan facility agreement with Hercules Capital, Inc. (NYSE: HTGC), has been amended to increase the size of the facility to $200 million, with $70 million funded at closing.
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WSFS Financial Corporation Completes Acquisition of Bryn Mawr Bank Corporation and Welcomes Three New Board Members
January 4, 2022WSFS Financial Corporation (Nasdaq: WSFS), the parent company of WSFS Bank, completed the acquisition of the Bryn Mawr Bank Corporation (Nasdaq: BMTC) (“Bryn Mawr”), and its primary subsidiary, The Bryn Mawr Trust Company (“Bryn Mawr Trust”), as of January 1, 2022. In addition, in accordance with the merger agreement between WSFS and Bryn Mawr, Frank J. Leto, Lynn B. McKee, and Diego F. Calderin are joining the Board of Directors of WSFS and WSFS Bank.
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First Republic Bank Names Mike Roffler Acting Co-CEO
January 4, 2022First Republic Bank (NYSE:FRC), a leading private bank and wealth management company, today announced that its Board of Directors has named Mike Roffler Acting Co-CEO of the Company and appointed him to the Company’s Board of Directors. As previously announced, Roffler also began service as President on January 1, 2022.
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FTI Consulting Promotes 33 to Senior Managing Director in US
January 4, 2022FTI Consulting has promoted 33 people to senior managing director in its US operations. The Washington, DC-based management consulting firm also promoted an additional 16 people to senior managing director across its international offices, effective January 1, 2022.
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Robert J. Giuffra, Jr. and Scott Miller Become Co-Chairs of Sullivan & Cromwell LLP
January 4, 2022Sullivan & Cromwell LLP announced today that Robert J. Giuffra, Jr. and Scott Miller have become Co-Chairs of the firm, effective January 1, 2022. Mr. Giuffra and Mr. Miller have served as Vice Chairs of the firm since January 2021. They succeed Joseph C. Shenker, the firm’s Chair since 2010, who will continue to serve on the firm’s Management Committee as Senior Chair in addition to continuing with his active client practice.
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First Capital Bank Converts to South Carolina State-Chartered Bank, Moves Headquarters to Charleston, South Carolina
January 5, 2022First Capital Bank ("the Bank") today announced that it has converted from a North Carolina state-chartered bank to a South Carolina state-chartered bank and relocated its headquarters to 304 Meeting Street, Charleston, South Carolina. The Bank remains a subsidiary of First Capital Bancshares, Inc., which is also headquartered in Charleston.
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Gridiron Capital Promotes Will Hausberg and Scott Harrison to Senior Managing Director
January 5, 2022Gridiron Capital, LLC (“Gridiron Capital”), an investment firm focused on partnering with founders, entrepreneurs, and management teams, is pleased to announce that Will Hausberg and Scott Harrison have both been promoted to Senior Managing Director.
-
Runway Growth Capital Announces a Senior Secured Term Loan of $65 Million to Snagajob
January 5, 2022Runway Growth Capital LLC ("Runway"), a leading provider of growth loans to both venture and non-venture backed companies seeking an alternative to raising equity, today announced the close of a senior secured term loan commitment of $65 million to Snagajob.com, Inc. ("Snagajob"), the nation's largest marketplace for hourly jobs and shifts.
-
Sterling National Bank Provides $2,500,000 to Web Packaging Solutions, LLC
January 5, 2022Sterling National Bank's Commercial Services Group provided a recourse factoring facility of $2,500,000 to Web Packaging Solutions, LLC. The credit facility will provide working capital for the company’s anticipated future growth.
-
Virtu Financial, Inc. Commences Marketing of New Senior Secured First Lien Term Loan
January 5, 2022Virtu Financial, Inc. (NASDAQ: VIRT) (the “Company”) a global market maker, broker and leading provider of global financial services technology, today announced that its subsidiaries commenced marketing of a $1.80 billion senior secured first lien term loan (the “Term Loan”) due in 2029.
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Regions Financial Closes on its Acquisition of Clearsight Advisors
January 5, 2022Regions Financial Corp. (NYSE:RF), the parent company of Regions Bank, on Tuesday announced it has completed its acquisition of Clearsight Advisors, Inc. The acquisition expands Regions’ mergers-and-acquisitions (M&A) advisory capabilities into the technology industry.
-
JPMorgan Chase Survey Results: Businesses Set Their Sights on Growth in 2022 Despite Ongoing Supply Chain and Cost-Related Challenges
January 5, 2022Small and midsize U.S. business leaders remain confident in their companies and resourceful in their approaches to confronting macroeconomic challenges that have created growing pains over the last year, finds JPMorgan Chase’s 2022 Business Leaders Outlook Survey released today.
-
Franklin BSP Lending Corporation and Franklin BSP Capital Corporation, Affiliates of Benefit Street Partners, Acquire Encina Equipment Finance, LLC
January 5, 2022Franklin BSP Lending Corporation (“FBLC”) and Franklin BSP Capital Corporation (“FBCC”), business development companies advised by affiliates of Benefit Street Partners L.L.C. (“BSP”), today announced the acquisition of substantially all of the equity interests of Encina Equipment Finance, LLC (“Encina Equipment” or “EEF”), a leading non-bank equipment finance platform providing secured leases and loans to middle-market companies.
-
Burnley Capital Provides $2.75MM Revolver to Patrick James
January 5, 2022Burnley Capital, LLC announced the closing of a $2.75 million asset based revolving credit facility to Patrick James to support the Company’s growth and operations. Patrick James is a California based multi-channel retailer of men’s lifestyle apparel. Founded in 1962, the Company offers sportswear, tailored clothing, denim, dress shirts, neckwear, shoes, accessories and various other lifestyle products.
-
FTI Consulting Enhances Restructuring and Litigation Services
January 5, 2022FTI Consulting, Inc. (NYSE: FCN) today announced the appointment of Guy Davis as a Senior Managing Director and JP Eldred as a Managing Director within the Corporate Finance & Restructuring segment.
-
Abacus Finance Provides Senior Debt Financing to Support the Growth Investment in Wagner Logistics by LongueVue Capital
January 5, 2022Abacus Finance Group, LLC – a leading provider of cash flow-based, classic senior debt for sponsor-led buyouts of companies with $3 million to $15 million in EBITDA – today announced that it served as Senior Secured Credit Facilities Administrative Agent and Sole Lead Arranger for senior secured credit facilities to support the growth investment in Wagner Logistics by LongueVue Capital.
-
Brian Rafanello Joins Provident as SVP, Head of Treasury Management
January 4, 2022Provident Bank, a leading New Jersey-based financial institution announced today that Brian Rafanello has joined the Bank as Senior Vice President, Head of Treasury Management. Mr. Rafanello is based in the Bank’s Iselin, N.J. administrative headquarters and is responsible for leading the sales, service and operations for the Treasury Management department.
-
Fifth Third Business Capital Provides $32 Million in Senior Debt Financing to Laurel Grocery Company LLC
January 4, 2022Laurel Grocery was founded in 1922, when the Chestnut and Griffin families formed a partnership in a warehouse located in East Bernstadt, KY. The Company is currently owned by the third generation of the two families. The business grew through the years and eventually re-located to the current site in London KY. Over the years the Company added seven retail grocery stores.
-
Yieldstreet Private Business Credit Closed 40 New Deals Totaling $335,000,000
January 4, 2022Yieldstreet Private Business Credit finished its first full year in tremendous fashion. In 2021, YS PBC closed a total of $335M in new deals across both consumer and commercial asset classes within various positions of the capital structure.
-
First Financial Bank Completes Acquisition of Summit Funding Group
January 4, 2022First Financial Bancorp. (Nasdaq: FFBC) ("First Financial") announced today that it has completed its previously announced acquisition of Cincinnati-based Summit Funding Group, Inc. ("Summit"), the fourth largest independent equipment financing platform in the United States.
-
TG Therapeutics Expands Term Loan Facility With Hercules Capital to $200 Million
January 4, 2022TG Therapeutics, Inc. (NASDAQ: TGTX), today announced that its existing term loan facility agreement with Hercules Capital, Inc. (NYSE: HTGC), has been amended to increase the size of the facility to $200 million, with $70 million funded at closing.
-
WSFS Financial Corporation Completes Acquisition of Bryn Mawr Bank Corporation and Welcomes Three New Board Members
January 4, 2022WSFS Financial Corporation (Nasdaq: WSFS), the parent company of WSFS Bank, completed the acquisition of the Bryn Mawr Bank Corporation (Nasdaq: BMTC) (“Bryn Mawr”), and its primary subsidiary, The Bryn Mawr Trust Company (“Bryn Mawr Trust”), as of January 1, 2022. In addition, in accordance with the merger agreement between WSFS and Bryn Mawr, Frank J. Leto, Lynn B. McKee, and Diego F. Calderin are joining the Board of Directors of WSFS and WSFS Bank.
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First Republic Bank Names Mike Roffler Acting Co-CEO
January 4, 2022First Republic Bank (NYSE:FRC), a leading private bank and wealth management company, today announced that its Board of Directors has named Mike Roffler Acting Co-CEO of the Company and appointed him to the Company’s Board of Directors. As previously announced, Roffler also began service as President on January 1, 2022.
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FTI Consulting Promotes 33 to Senior Managing Director in US
January 4, 2022FTI Consulting has promoted 33 people to senior managing director in its US operations. The Washington, DC-based management consulting firm also promoted an additional 16 people to senior managing director across its international offices, effective January 1, 2022.
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Robert J. Giuffra, Jr. and Scott Miller Become Co-Chairs of Sullivan & Cromwell LLP
January 4, 2022Sullivan & Cromwell LLP announced today that Robert J. Giuffra, Jr. and Scott Miller have become Co-Chairs of the firm, effective January 1, 2022. Mr. Giuffra and Mr. Miller have served as Vice Chairs of the firm since January 2021. They succeed Joseph C. Shenker, the firm’s Chair since 2010, who will continue to serve on the firm’s Management Committee as Senior Chair in addition to continuing with his active client practice.
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