Encina Private Credit served as revolver agent and term loan lender for a senior secured credit facility to support the long-term growth of Visual Edge IT, a company that specializes in managed IT services and security, cloud computing and print/copy solutions for businesses across the U.S. read more

JUL 31, 2023 - 6:45 am

FinWise Bancorp entered into a membership interest purchase agreement with Business Funding Group (BFG) and four members of BFG to acquire an additional 10% ownership and voting interest in the company, bringing its total ownership to 20% upon closing. read more

JUL 31, 2023 - 6:40 am

SouthState Bank recently launched a small business banking team to meet demand in its southeastern footprint. In connection with the launch, the bank promoted Matt Vegter to director of small business banking to grow and serve SouthState's small business sector. read more

JUL 31, 2023 - 6:35 am

MidFirst Business Credit provided a working capital facility to Alcrete Industries, a Pell City, AL-based manufacturer of precast concrete products used in new construction projects. read more

JUL 31, 2023 - 6:30 am

AlixPartners released the findings of its 18th annual Turnaround and Transformation Survey, which revealed that the world’s turnaround executives expect a prolonged and intensifying period of restructuring on the horizon. read more

JUL 31, 2023 - 6:28 am

The Office of the Comptroller of the Currency, the board of governors of the Federal Reserve System and the Federal Deposit Corporation issued new rule proposals that would modify large bank capital requirements and implement the final components of the Basel III agreement. read more

JUL 28, 2023 - 7:27 am

Dynamic Capital Equipment Finance, a wholly-owned subsidiary of Progressive Capital Equipment Finance, secured a $55 million funding facility from Mitsubishi HC Capital Canada. read more

JUL 28, 2023 - 7:26 am

Alla Whitston joined Mitsubishi UFJ Financial Group (MUFG) as chief information officer for the Americas and Matt Abrusci joined as general counsel for the Americas. Whitston joined from Silicon Valley Bank/First Citizens Bank and Abrusci joined from the Royal Bank of Canada. read more

JUL 28, 2023 - 7:25 am

Citizens appointed Anthony Selvaggio New York City market executive and hired Robert Milas as Long Island market executive and Gino Di Saverio as northern and central New Jersey market executive for the bank’s corporate banking team. read more

JUL 28, 2023 - 7:06 am

According to preliminary data from International Data Corporation’s Worldwide Quarterly Mobile Phone Tracker, worldwide smartphone shipments declined 7.8% year over year to 265.3 million units in Q2/23. read more

JUL 28, 2023 - 7:03 am

Voyager Aviation, an aviation investment firm, reached an agreement to sell substantially all its assets to aircraft lessor Azorra Explorer. To execute the sale, Voyager Aviation filed for voluntary protection under Chapter 11 of the U.S. Bankruptcy Code. read more

JUL 28, 2023 - 7:01 am

Hilco Commercial Industrial restructured its team and implemented organizational changes aimed at bolstering its commercial and industrial investment capabilities.  read more

JUL 28, 2023 - 7:00 am

AlixPartners released the findings of its 18th annual Turnaround and Transformation Survey, which revealed that the world’s turnaround executives expect a prolonged and intensifying period of restructuring on the horizon. read more

JUL 28, 2023 - 6:58 am

Clouds on the horizon for the trailer market bear watching even if the summer is the seasonally weakest time of the year for forward-looking metrics, according to this month’s issue of ACT Research’s State of the Industry: U.S. Trailers report. read more

JUL 28, 2023 - 6:57 am

On Wednesday, the Federal Reserve announced that it will raise the target range for the federal funds rate to between 5.25% and 5.5%, marking a quarter point increase and its fourth such move of 2023 following a pause in June.  read more

JUL 27, 2023 - 6:59 am