Banking News

People’s United Bank Provides Mortgage Financing for Atlantis Management Group

People's United Bank Provides Mortgage Financing for Atlantis Management Group

People’s United Bank, N.A., announced that it served as Lead Arranger and Administrative agent for a credit facility for Atlantis Management Group, a Mt. Vernon, New York headquartered motor fuel distributor and owner and operator of a large network of gasoline service stations, quick serve restaurants and convenience store sites. The facility will be used to support the continued growth of the company, including the funding of new acquisitions.

“We are thrilled to continue and expand our longstanding relationship with Atlantis to provide them with additional capital and expertise in support of their efforts to expand their company,” said Kevin Dolan, SVP, Commercial Banking, People’s United Bank. Added Ken Jamison, SVP of Loan Syndications at People’s United: “Companies demand a lending partner who can deliver flexible, industry-focused solutions and a personalized approach to service, and we look forward to supporting future growth plans for Atlantis Management.”

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“The People’s United team understands the unique elements of our industry which makes them an attractive lending partner as we look to expand our portfolio in the Northeast,” said Tumay Basaranlar, CEO, Atlantis Management Group LLC. “Atlantis values loyalty and trust in all that it does, and we found that People’s United Bank shares that same mindset.”

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People’s United’s Commercial Banking and Capital Markets Divisions are comprised of experienced in-market Bankers across the Northeast and Mid-Atlantic who provide local, market-based solutions to organizations across industries. The teams offer Commercial Banking solutions, including Treasury Management, Wealth Management, and Derivatives as well as funds for acquisitions, construction, equipment, working capital needs or debt restructuring.

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