- Christopher “Chris” Babcock, Former ~25 Year Director from BNY Mellon Asset Management, Joins Star Mountain Capital as Managing Director
- Trinity Capital Inc. Provides $35 Million in Growth Capital to Monteris Medical to Support Neurosurgical Technology Advancements
- News Detail
- Tiger Group Announces Major Geotechnical Equipment Auction
- MUFG Announces Participation in Refinancing of $3 Billion Capital Structure for Atlas Renewable Energy
TSL Express Daily Articles & News
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CIBC Innovation Banking Announces Leadership Changes
CIBC Innovation Banking today announced that Mark Usher has been appointed Senior Vice-President, Innovation Banking; President and Executive Managing Director, CIBC Innovation Banking, effective February 28, 2023, taking on the role currently held by Mark McQueen who is departing to start the next chapter in his career.
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AI In Secured Finance
While lenders and financial institutions are not looking to discover the next vaccine or medical breakthrough, artificial intelligence (AI) and machine learning (ML) have been reshaping traditional business processes at a rapid speed. Many decision makers in the C-Suites, while still responsible for ensuring everyday “blocking and tackling” is done, are dealing with how best to integrate AI/ML into their companies, and at what cost. This article takes a deeper dive into how AI and ML are being utilized in the industry along with the factors leaders must consider with AI/ML integration.
TSL Express Daily Headlines & News
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Sunlight Financial Acquired by Leading Solar Industry Investors
October 31, 2023Weil, Gotshal & Manges LLP is serving as legal counsel, Guggenheim Securities, LLC is serving as Investment Banker and Alvarez & Marsal is providing financial advisory services to Sunlight Financial. Locke Lord LLP is serving as legal counsel to the Consortium. Paul, Weiss, Rifkind, Wharton & Garrison LLP is serving as legal counsel and Piper Sandler is providing financial advisory services to CRB.
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Citizens Business Conditions Index™ Rebounds Slightly in Q3
October 31, 2023A strong labor market and resilient consumer trends supported a slight improvement in economic conditions during the third quarter as inflation showed some signs of abating, according to the national Citizens Business Conditions Index™ (CBCI), released today. After falling below 50 in the second quarter, the index rose to 50.7 in the third quarter, signaling a return to modest growth.
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Above Lending Closes $200 Million Warehouse Facility Led by ATLAS SP Partners
October 31, 2023Above Lending, a leading national provider of consumer installment loans, today announced the closing of a $200-million warehouse facility (the “Financing”) led by ATLAS SP Partners ("ATLAS SP"), which is acting as Administrative Agent.
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Harbor Mexico Welcomes New Leadership Team to Drive Franchise Success and Explore Thriving Opportunities in Latam Trade
October 30, 2023Harbor Mexico Welcomes New Leadership Team to Drive Franchise Success and Explore Thriving Opportunities in Latam Trade
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Wintrust Receivables Finance Announces the Closing of a New $15 Million Line of Credit for a Fast-Growing Third-Party Logistics Firm
October 30, 2023Wintrust Receivables Finance (WRF) is happy to announce the closing of a new $15 million account receivable line of credit for a Southwest-based, third-party logistics firm. The company focuses on full truckload freight for enterprise shippers from across the country.
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Twinco Capital Secures €50M Debt Facility to Bridge Trade Finance Gap
October 30, 2023Spanish firm Twinco Capital made headlines as it recently secured a €50m facility with BBVA Spark, aiming to enhance its growth trajectory.
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Morgan Stanley Announces Ted Pick to Become Chief Executive Officer on January 1, 2024; James Gorman to Become Executive Chairman
October 30, 2023The Board of Directors of Morgan Stanley (NYSE: MS) today announced that Co-President Edward (Ted) Pick will become the Firm’s Chief Executive Officer, effective January 1, 2024. James Gorman will become Executive Chairman. Mr. Pick will also join Morgan Stanley’s Board of Directors at that time.
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Cambridge Savings Bank Approves a $250,000 Loan to Woman-Owned Enhanced Mechanical Contracting
October 30, 2023Completed during National Women’s Small Business Month, financing enables the local HVAC company to turbo charge growth by leveraging market gaps
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Moore Colson Admits John Makuch as Consulting Partner
October 30, 2023Moore Colson, an award-winning accounting, consulting and advisory firm in Atlanta, recently announced the addition of John Makuch as a Partner in Moore Colson’s Consulting Practice.
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Wolters Kluwer Q3 Auto Finance Digital Transformation Index Shows Digital Adoption Rate Mirroring Auto Sales
October 30, 2023Wolters Kluwer, a global leader in professional information, software solutions and services, announced third quarter results and analysis from its Auto Finance Digital Transformation Index, a key resource that tracks the rate at which auto dealers, service providers and lenders are seeing growth in the evolution from paper-based finance back-office processes to digital. Click here to see the complete data report.
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Ruling Delays Dodd Frank 1071 Implementation
October 30, 2023A federal judge in Texas issued an order this week that subjects the Consumer Financial Protection Bureau’s (CFPB) 1071 small business lending data collection rule is to a nationwide injunction.
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Water Gremlin Announces Advancement of Sale Process With Receipt of Multiple Offers to Acquire U.S. and European Divisions
October 30, 2023Water Gremlin (the "Company"), a market-leading manufacturer of essential components for batteries used to power the commercial, consumer, military, and government transportation and infrastructure sectors, today announced that it is evaluating multiple compelling offers from interested parties to acquire substantially all of the assets of its U.S. and European divisions.
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River City Bank Announces Restructure of Risk Management Department
October 30, 2023River City Bank's President and CEO Steve Fleming recently announced the restructure of the bank's risk management department, which will be implemented Nov. 1, 2023.
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Vice Chairman Thomas R. Nides to Leave Wells Fargo and William M. Daley to Return to Prior Role
October 30, 2023Wells Fargo today announced that its Vice Chairman, Thomas R. Nides, has decided to leave the company to return his attention to events in the Middle East. Nides joined the company in September after retiring in July as U.S. Ambassador to Israel, a post he had held since 2021.
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Republic Bancorp and Norcross Braca Group Announce $35 Million Investment
October 30, 2023Republic First Bancorp, Inc. (OTCEM: FRBK) (“Republic” or the “Company”), the parent company of Republic First Bank d/b/a Republic Bank, and George E. Norcross, III, Gregory B. Braca, Philip A. Norcross, Lexie Norcross, other Norcross family members and affiliates (collectively, the “Norcross Braca Group”), today announced that they have signed a Securities Purchase Agreement to effectuate a $35 million investment by the Norcross Braca Group.
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Old National to Partner with Nashville-based CapStar
October 30, 2023Old National Bancorp (NASDAQ: ONB) (“Old National”) and CapStar Financial Holdings, Inc. (NASDAQ: CSTR) (“CapStar”) jointly announced today that they have entered into a definitive merger agreement for Old National to acquire CapStar in an all-stock transaction.
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Ares Management Closes $6.6 Billion Pathfinder II Alternative Credit Fund to Invest in Private Asset Based Credit
October 30, 2023Ares Management Corporation (NYSE: ARES) (“Ares”), a leading global alternative investment manager, announced today the final closing of Ares Pathfinder Fund II, L.P. and Ares Pathfinder Fund II (Offshore), L.P. (and together with parallel vehicles, “Pathfinder II” or the “Fund”) at $6.6 billion in commitments.
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Flatbay Capital Announces HVAC Supply Company Real Estate Line of Credit Funded
October 30, 2023Flatbay Capital is excited to announce the successful funding of a $2.5 million owner-occupied commercial real estate bridge loan for a family-owned fabricator and supplier of HVAC ductwork.
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Terravest Announces New Credit Facility
October 26, 2023TerraVest Industries Inc., (TSX: TVK) ("TerraVest" or the "Company") announces today that it has entered into a new credit facility (the "Credit Facility") with a syndicate of lenders comprised of Desjardins Capital Markets acting as sole lead arranger and bookrunner, National Bank of Canada, The Bank of Nova Scotia and the Business Development Bank of Canada.
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Dillan Knudson Named Head of Commercial Banking for Arizona at Western Alliance Bank
October 26, 2023With over 16 years of banking experience, Knudson most recently served as Regional President and Head of Commercial Banking at PNC Bank in Austin. In that role, he executed the Bank’s local strategic growth initiatives after PNC’s acquisition of BBVA USA in 2021.
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