TSL Express Daily Articles & News

PlainsCapital Bank recently announced that Chris Bielss has joined its Austin commercial lending group as senior vice president at 2705 Bee Caves Road. Bielss—who is a longtime Austin resident—has more than 10 years of banking experience.

Alleon Healthcare Capital (“Alleon”), a specialty finance company focused on providing healthcare accounts receivable financing, medical accounts receivable factoring, and cash flow solutions to medical providers in the U.S., recently closed a $2,500,000 medical accounts receivable financing facility with a healthcare network located in Arizona (“Company”).

Access Capital recently closed a transaction with SASR Workforce Solutions, LLC (“SASR”). The company is based in Raleigh, NC and is known as a market leader in the retail, warehouse and distribution, and grocery staffing space, providing workforce solutions specifically focused on supporting the labor needs of clients primarily in the US retail sector.

First 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.

Gridiron 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 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'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. (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.

Regions 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.

Small 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 (“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, 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, 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.

Provident 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.

Laurel 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 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 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, 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 (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.

First 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.