Marlin Business Services Related Content

KBRA Assigns Preliminary Ratings to Marlin Leasing’s 12th Equipment ABS

Kroll Bond Rating Agency assigned preliminary ratings to six classes of notes issued by Marlin Receivables 2022-1 (Marlin 2022-1), an equipment asset-based securitization transaction of Marlin Leasing. Marlin 2022-1 represents Marlin Leasing’s 12th equipment ABS. read more

HPS Investment Partners Completes Acquisition of Marlin Business Services

Funds managed by affiliates of HPS Investment Partners completed the acquisition of Marlin Business Services for $23.50 per share in an all-cash transaction, effective Jan. 20. read more

Marlin Satisfies De-Banking Condition for Acquisition by HPS

In connection with its proposed merger with HPS Investment Partners, Marlin Business Services satisfied the condition that its wholly-owned subsidiary, Marlin Business Bank, surrender its banking licenses and authority and terminate its FDIC-insured deposits. read more

Marlin Business Services Hires Henry as Head of National Account Division

Marlin Business Services hired Robert Henry as general manager of national strategic accounts and programs. Henry will lead efforts to grow Marlin Business Services’ national account division. read more

HPS Investment Partners Enters Agreement to Acquire Marlin Business Services

Marlin Business Services entered into a definitive agreement in which HPS Investment Partners will, through its European Asset Value Funds, acquire all of Marlin’s outstanding shares of common stock in an all-cash transaction for $23.50 per share. read more

Marlin Reports Recovering Income Levels in Q3; Origination Levels Still Below 2019

Marlin Business Services reported Q3/20 net income of $2.7 million compared with net loss of $5.9 million in the prior quarter and net income of $7.4 million in Q3/19. Marlin also reported a 66% year-over-year decrease in total sourced origination volume in the quarter. read more

Marlin Reports $5.9MM Q2/20 Loss, Volume Down 71% Y/Y

Marlin Business Services reported a Q2/20 net loss of $5.9 million, an improvement from its Q1/20 net loss of $11.8 million, and $67.2 million in new business volume, down 71% year over year. read more

Marlin Reports Q1/20 Net Loss of $11.8MM, Volume Down 24.5% Y/Y

Marlin reported net loss of $11.8 million, compared with net income of $5.1 million a year ago. Total sourced origination volume of $157.4 million was down 24.5% year-over-year. read more

Marlin Executives Take a Pay Cut as 120 Employees Are Furloughed

According to an 8-K filing, Marlin Business Services CEO Jeffrey Hilzinger and other executive officers agreed to reduce their base salaries by 25% and 15%, respectively. Marlin has also furloughed 120 employees but will continue to provide their health insurance. read more

Marlin Terminates Capital Maintenance and Liquidity Agreement with FDIC

Marlin Business Services terminated its Capital Maintenance and Liquidity Agreement with the Federal Deposit Insurance Corporation. read more

Marlin Achieves Record Volume in 2019, Direct Originations Up 29% Y/Y

Marlin Business Services reported full-year results, achieving record origination volume and increases in net income. read more

Marlin 2018 Adjusted Net Income Increases 34.9% Y/Y

Marlin Business Services reported fourth quarter 2018 net income of $6.4 million compared with net income of $15.9 million from Q4/2017. Fourth quarter net income on an adjusted basis was $6.4 million, compared with $5.9 million a year ago. read more

Marlin Names Industry Vet Bogansky Chief Financial Officer

Marlin Business Services named Michael R. Bogansky senior vice president and chief financial officer effective February 1, 2019. read more

Marlin Acquires Fleet Financing Resources

Bank holding company Marlin Business Services acquired Fleet Financing Resources, a specialty lender with a foundation in transportation equipment financing. read more

Kamp Leaves CFO Position at Marlin Business Services

W. Taylor Kamp left his position as senior vice president and chief financial officer at Marlin Business Services. He will remain with Marlin as a consultant through the end of this year to assist in the transition. read more

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