M&A activity almost came to a halt in 2020, but 2021 has kicked off with a flurry of activity. James Jackson reviews the notable transactions of the last year and says future economic indicators point to continued M&A activity in 2021 as well as strong valuations of quality equipment finance companies.... read more

May 2021

Peapack-Gladstone Financial appointed Maureen O’Hara to the role of senior managing director, commercial private banker of its commercial and industrial business. O’Hara most recently served as a principal relationship manager at Wells Fargo. read more

JAN 21, 2021 - 6:53 am

Ryder System entered into a new 364-day unsecured syndicated term loan totaling $400 million with a syndicate of eight large financial institutions led by Bank of America as administrative agent. read more

APR 3, 2020 - 6:35 am

MidCap Financial Services successfully closed the acquisition of substantially all of PNC Bank's Franchise Finance loan portfolio. read more

OCT 2, 2019 - 6:50 am

PNC reported full year 2018 net income of $5.346 billion, down slightly from $5.388 billion in 2017. Total revenue for the fourth quarter of $4.3 billion declined $17 million. read more

JAN 17, 2019 - 6:35 am

PNC Bank agreed to acquire Ambassador Financial Group, a provider of balance sheet management, investment banking and capital markets services to banks, insurance companies, and other financial institutions. read more

JAN 15, 2019 - 6:50 am

The PNC Financial Services Group increased the number of directors on its board to 14 and appointed three new members. Joseph Alvarado, Richard Harshman and Toni Townes-Whitley joined PNC's board. read more

JAN 4, 2019 - 6:25 am

PNC Bank closed an $84 million senior secured facility for Innovex Downhole Solutions where it also served as administrative agent. read more

NOV 16, 2018 - 6:40 am

PNC Bank announced a strategic alliance with GIACT Systems, which will enable PNC commercial clients to be armed with real-time fraud prevention tools. read more

NOV 6, 2018 - 6:45 am

PNC Bank launched a national expansion of retail banking, leveraging an array of digital banking capabilities and featuring a new high-yield saving account available to new customers who reside beyond PNC’s traditional market. read more

OCT 2, 2018 - 6:50 am

As bank-owned equipment finance companies continue to dominate the industry, they must deal with the changing times. Executives from PNC, CIT, Key and Regions offer their views on 2017 and 2018 performance, tax reform, alternative financing, technology and credit quality in the current marketplace.... read more

July/August 2018

The Cincinnati Enquirer reported that Orlando Carter, the founder of Dynus Corp., filed a lawsuit for $500 million in damages against Fifth Third Bank and PNC Bank, along with politicians of Butler County, OH and John Boehner. read more

JUN 13, 2018 - 7:06 am

Bob Evans Farms completed the sale of its restaurants to Golden Gate Capital and its acquisition of Pineland Farms Potato Company. The company also established a new $300 million credit facility with a group of banks led by Bank of America serving as administrative agent. read more

MAY 2, 2017 - 6:37 am

Tivity Health completed the refinancing of its senior credit facilities. read more

APR 28, 2017 - 7:20 am

Engs Commercial Finance added PNC Bank and its $75 million commitment to its $455 million ABL credit facility. read more

APR 18, 2017 - 7:39 am