California Bank of Commerce (CBC) has formed a new division to focus on existing specialty lines of business. The division will look to expand both credit and treasury solutions to the Bank’s commercial markets. Known as CBC Specialty Banking, the division offers a broad asset-based lending platform, CBC Asset Based Lending, ranging from turnarounds to early- and mid-stage companies through acquisitions (both sponsor and non-sponsor). It also includes the Bank’s existing sponsor finance products, now called CBC Sponsor Finance, working with private equity firms, SBICs and direct lenders to leverage cash flow for acquisitions.

When the world turned upside-down a year ago, many predicted that the severity of the damage to the U.S. economy would usher in a period of borrower defaults, business failures and bank foreclosures. Rapid government intervention, including bank regulatory easing, has prevented that series of events, for now. Those policy measures will surely come to an end before long, at which point lender enforcement activity will likely increase.