Umpqua Bank, a subsidiary of Umpqua Holdings Corporation (NASDAQ: UMPQ), announced today the addition of Dave Ericksen to its Pacific Northwest (PNW) middle market banking leadership team as senior vice president and middle market director. Recognized as one of the PNW region's leading corporate bankers, Ericksen strengthens Umpqua's capacity to support the growth and evolution of the region's large middle market companies.

TAB Bank is pleased to announce the addition of Nilendu Saha to their Executive Leadership team as Chief Technology Officer. Nilendu comes to TAB Bank with over 25 years of experience in building and managing enterprise applications, data analytics platforms, and technology initiatives, and leading large and complex teams. As CTO of TAB Bank, he will be responsible for providing overall executive leadership and strategic direction for the entire Information Technology organization. His arrival at TAB Bank comes at a critical moment, as the bank is positioned to extend its reach into the Fintech marketplace with its Banking-as-a-Service/Open Banking platform and suite of APIs.

Biddeford Holdings LLC, a partnership between Gordon Brothers, the global advisory, restructuring and investment firm, and New Mill Capital, has acquired the real estate and machinery and equipment of a producer and marketer of packed bakery food. The assets include company-owned real estate and the machinery and equipment in Jacksonville, FL and Opelika, AL in addition to the company’s machinery and equipment at third-party facilities in Franklin, IN; Atlanta, GA; Biddeford, ME; and Rocky Mount, NC.

Consulting Solutions provides information technology staffing services with an expertise in handling a wide variety of IT projects, including establishing/converting/implementing various ERP and E-commerce platforms, cybersecurity tools and cloud migration. Consulting Solutions was established in 2016 by White Wolf Capital to facilitate a buy-build-hold strategy within the IT consulting and staffing industry.

Clear Thinking Group, the award-winning advisory firm, announced today that Partners Joseph Marchese, Patrick Diercks and Brian Allen have earned the Certified Turnaround Professional (CTP) designation by the Turnaround Management Association. The recognition of CTP demonstrates commitment, competency, and expertise in turnaround and restructuring.

The Maurice A. Deane School of Law at Hofstra University has named Jeffrey Hassan as the recipient of the 2020-2021 Moritt Hock & Hamroff Business Law Honors Fellowship and Korrine Utting as the recipient of the 2020-2021 Marc Hamroff '83 Annual Scholarship. The Fellowship is awarded to an incoming law student who has demonstrated outstanding academic achievements and an interest in pursuing a career in business law. The Scholarship is awarded to a deserving entering student on the basis of demonstrated academic achievement and/or financial need.

First Business Bank announces the closing of a $2 million factoring facility by its Accounts Receivable Financing group. The client provides consulting services in the telecommunication sector and is experiencing rapid growth due to the telecom sector’s expansion of 5G services.

Dean & DeLuca Completes Financial Restructuring and Successfully Emerges From Chapter 11 With Support From CFGI, Argus Management Corporation and Brown Rudnick LLP On Nov. 25, 2020, the Bankruptcy Court in the Southern District of New York confirmed Dean and DeLuca's Chapter 11 plan. The chain of upscale grocery stores and cafes filed a voluntary petition for relief on March 31, 2020. The Chapter 11 Plan became effective on January 28, 2021.

Resideo Technologies, Inc. (NYSE: REZI), a leading global provider of home comfort and security solutions, today announced that the company has completed the refinancing of its senior secured term loan A and term loan B with the net proceeds of a new 7-year, $950 million senior secured term loan B maturing in 2028. The interest rate on the new term loan B is LIBOR + 225 basis points.

North Avenue Capital (NAC), a leading provider of USDA-backed commercial loans, has provided a record $50 million in debt financing to the Thomasville Regional Medical Center (TRMC), an acute care hospital and medical campus in southwest Alabama. Due to the size of the project, the financing structure consisted of four different loans that will refinance existing debt, provide working capital, and fund the purchase of state-of-the-art medical equipment.

Ares Commercial Finance announced that it has provided a senior secured revolving line of credit to support the acquisition of Continental Battery Company by H.I.G. Capital, LLC. Headquartered in Dallas, TX, Continental Battery is a distributor of aftermarket batteries, used in a wide variety of applications including electric utility vehicles/golf carts, auto, commercial trucks and recreational vehicles/boats.

Comvest Credit Partners (“Comvest”) has acted as Administrative Agent and Sole Lender in providing a $95.0 million Credit Facility (the “Financing”) to ARCA Holdings, a manufacturer of cash automation solutions. The financing was used to repay certain existing debt.

eCapital Commercial Finance (“eCapital”), a division of eCapital Corp., a leading North American alternative finance provider for small and medium-sized businesses, today announced the issuance of a $750,000 factoring facility to an industrial staffing service provider.

“During the height of pandemic-related uncertainty last year, we suspended the financial maintenance covenants associated with our senior secured bank debt to provide flexibility to navigate the pandemic,” said Sean Quinn, executive vice president and chief financial officer. “That flexibility came at the price of taking on expensive second lien debt. We have since proven our ability to deliver solid profits and cash flow despite the significant impact of the pandemic."

Greystone, a leading national commercial real estate finance company, announced that Jeff Pirhalla has joined as a Director for the firm’s Agency lending platform. In this role, Mr. Pirhalla will focus on bank correspondent and lending relationships intended to drive volume for Greystone’s industry-leading small loans and overall Agency lending platforms. Mr. Pirhalla comes to Greystone after five years at CBRE, where he founded the Wholesale and Bank Correspondent Lending divisions.

Medical Equipment Manufacturer secured a new $195 million revolving credit facility from Global Private Equity Partners. Effective immediately, the new credit facility replaced the Company’s existing $70 million credit facility which was comprised of five term loans. Terms of the new senior secured credit facility include a ten-year term, no amortization, and an Adjusted LIBOR Rate plus an interest rate range based on market conditions, and the Company’s Total Leverage Ratio as defined in the Credit Agreement.

Goodfood Market Corp. (“Goodfood'' or “the Company”), a leading online grocery company in Canada, announced the expansion of its credit financing by $21 million for total credit facilities of $67 million, including the upsize of its revolving credit facility by $15 million to reach $42.5 million, and $6 million in additional short-term financing. The financing transaction sees the Canadian Imperial Bank of Commerce join Desjardins Capital Markets and Investissement Québec as part of the syndicate.

John Thompson was recently named United Community Bank’s middle market and asset-based lending division manager. He has more than 25 years of banking experience. He has served as a middle market relationship manager for United since 2011.

Blank Rome LLP is pleased to announce that Anthony (“Tony”) R. Callobre has joined the firm as a partner in its Finance, Restructuring, and Bankruptcy practice group and Financial Services industry group in the Los Angeles office. Tony represents lenders and borrowers in commercial loan transactions, with a particular focus on asset-based lending and fund finance. He joins Blank Rome from Buchalter where he was a shareholder.

Stenn International has closed a seven-figure trade receivables finance program for a trading company based in Canada that sources seafood from the Asia-Pacific region. This financing program is being used to free up working capital to support sales expansion during the coronavirus outbreak. With stay-at-home guidelines in place, people are stocking up on supplies and eating more at home. Large and small grocers alike have seen a spike in demand.