TSL Express Daily Articles & News

Navy Federal Credit Union announced that Stephen Rice has been selected to serve as the credit union’s deputy chief information officer (DCIO)

Greenspoon Marder is pleased to announce the expansion of the firm's Corporate & Business practice group with the addition of partner, Michael Smith in New York.

Global law firm Greenberg Traurig, P.A. has added Shareholders Michael G. Taylor and Michael E. Strauch in the firm’s Miami office. Taylor rejoins the firm as a shareholder in the Corporate Practice, while Strauch is a shareholder in the firm’s Litigation Practice.

Emergent Capital, Inc. (OTCQX: EMGC) ("Emergent" or the "Company"), announced that on July 18, 2019, Emergent and its subsidiaries, including White Eagle Asset Portfolio, LP, entered into a binding commitment with Jade Mountain Partners

Capital One announced today that Tim Fouts has joined its Commercial Bank as a Senior Vice President and Relationship Manager.

1st Capital Bank (OTC Pink: FISB) President and CEO, Thomas Meyer announced 1st Capital Bank has opened a commercial lending office in Santa Cruz, California.

Donald J. Clark of Chicago has been named Senior Vice President, Commercial Banking, with Old Second National Bank, operating from the Chicago—Loop location

Hans Sitarz has been chosen to lead commercial banking operations in Alabama and Mississippi for Wells Fargo.

He replaces Don Kincey, Senior Vice President, who retired from Comerica after working for 20 years at the bank.

International Game Technology PLC (IGT) ("IGT") announced that it has successfully amended and extended its multicurrency revolving credit facilities and amended its term loan facility.

Crown will provide investment management services for Concentra's $20 million investment in a syndicated senior secured credit facility.

Wells Fargo Securities, LLC and JPMorgan Chase Bank, N.A. served as Joint Bookrunners, JPMorgan Chase Bank, N.A. served as Administrative Agent, and Wells Fargo Securities, LLC, JPMorgan Chase Bank, N.A., Citizens Bank, N.A., RBC Capital Markets and U.S. Bank National Association served as Joint Lead Arrangers.

Amerisource Business Capital announced the closing and funding of a $1,000,000 credit facility for a precision parts design and manufacturing company based in New York.

Barneys New York Inc. is in talks with existing lenders including Wells Fargo & Co. about a new loan to keep the luxury clothing store in business if it decides to file for bankruptcy.

Banner Corporation (NASDAQ: BANR) together with AltaPacific Bancorp (OTCBB: ABNK), announced they have entered into a definitive agreement for AltaPacific Bank to merge with, and into, Banner Bank to expand the Bank’s presence in California.

Markus Pressdee appointed Head of Infrastructure, Power & Renewables in North America. Steven Berger joins the firm’s Financial Institutions Group sector team.

Antares announced today that it served as joint lead arranger and is acting as administrative agent for a senior secured credit facility to support Quad-C Management, Inc.’s (“Quad-C”) investment in Boulder Scientific Company (“Boulder Scientific”), a specialty chemical company.

Plans New Office in Chicago, Furthering its National Expansion

The outlook on bank ratings has become more negative. Fitch Ratings’ bank ratings report published today shows that bank negative rating outlooks rose sharply this year. The global share of its bank Negative Outlooks rose to 17% at the end of the first half of 2019, from 13% at end-2018

CAN Capital, a leading provider of small business working capital loans, is pleased to announce the hiring of John McNeill as its new Chief Financial Officer (CFO).