Tag : Commercial Banking

Burke & Herbert Bank & Trust Company Announces Intent to Form Holding Company
Banking News

Burke & Herbert Bank Announces Richmond Expansion

Fintech News Desk
by Fintech News Desk0
Bank Establishes Richmond-Based Commercial Banking Team Burke & Herbert Bank is pleased to announce that the Bank’s commercial banking program and geographic reach now includes the greater Richmond, Virginia market. To serve the growing business community in the state’s capital and surrounding areas, the Bank has established a Richmond-based commercial banking team and plans to add a......
Arbuthnot Latham to Implement nCino Across Private and Commercial Banking Estate
Banking Cloud News

Arbuthnot Latham to Implement nCino Across Private and Commercial Banking Estate

Fintech News Desk
by Fintech News Desk0
Building upon success at Arbuthnot Specialist Finance Limited (ASFL), broader bank to adopt cloud-native platform nCino, Inc., a pioneer in cloud banking and digital transformation solutions for the global financial services industry, announced that Arbuthnot Latham & Co. Ltd (Arbuthnot Latham) has selected The nCino Bank Operating System® to modernise the......
Bank of Botetourt Renews Contract With KlariVis
Analytics Banking News

Bank of Botetourt Renews Contract With KlariVis

Fintech News Desk
by Fintech News Desk0
KlariVis, a fast-growing enterprise dashboard and analytics solution for the financial services industry,  announced that alpha client Bank of Botetourt has re-signed its contract with KlariVis for the next five years. KlariVis compiles and aggregates high-value, actionable data into an intuitive, user-friendly enterprise dashboard. The KlariVis platform provides financial institutions of......
CIT Provides $51 Million for Acquisition of Arizona Apartment Complex
Finance News

CIT Provides $51 Million for Acquisition of Arizona Apartment Complex

Fintech News Desk
by Fintech News Desk0
CIT, a division of First Citizens Bank, announced that its Real Estate Finance business provided $51 million in financing for the acquisition of the Oceana Apartments in Avondale, Arizona. Oceana Apartments, which was acquired by 29th Street Capital, consists of 240 one-bedroom, two-bedroom and three-bedroom units. Based in Chicago, 29th Street Capital is a leading......
People's United Bank Provides $89.6 Million in Credit Facilities to CCO, LLC
Banking Credit Bureaus News

People’s United Bank Provides $89.6 Million in Credit Facilities to CCO, LLC

Fintech News Desk
by Fintech News Desk0
People’s United Bank, N.A., announced that it served as Lead Arranger, Book Runner and Administrative Agent for several credit facilities totaling $89.6 Million to Rocky Hill, CT-based CCO, LLC, and its associated entities. The senior revolving and term loan facilities will be used to refinance existing debt, acquire twelve sites in CT, support......
People's United Bank Provides Mortgage Financing for Atlantis Management Group
Banking News

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

Fintech News Desk
by Fintech News Desk0
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......
Delix Therapeutics Closes $30 Million Convertible Note Financing, Enters $10 Million Strategic Credit Facility Option in Partnership with Comerica Bank
Finance News

Delix Therapeutics Closes $30 Million Convertible Note Financing, Enters $10 Million Strategic Credit Facility Option

Fintech News Desk
by Fintech News Desk0
Over $100M total capital raised in 2021, providing operational and strategic flexibility to execute mission to broaden patient access to innovative, safe, and efficacious non-hallucinogenic psychoplastogens for the treatment of multiple mental health disorders Delix Therapeutics, a neuroscience company developing novel disease-modifying therapeutics for psychiatric and neurological conditions, announced that......
BMO Financial Group Announces Expansion of Commercial Banking Operations
Banking News

BMO Financial Group Announces Expansion of Commercial Banking Operations in Florida

Fintech News Desk
by Fintech News Desk0
Team focused on providing mid-market customers throughout the state with access to BMO’s full array of financial services and industry expertise BMO Financial Group has expanded its commercial banking operations in Florida, announcing new leaders in South Florida, West Florida and Central/North Florida regions. The Florida commercial banking team will continue to be overseen by Marty......
Needham Bank Commits $2 Million CRA Equity Investment to Reinventure Capital Fund I, LP
Banking News

Needham Bank Closes $25 Million Loan to Wind Energy Project

Fintech News Desk
by Fintech News Desk0
Wind Power Project will Produce 20 megawatts Needham Bank, which for more than a century has served as New England’s “Builder’s Bank,”  is pleased to announce it has closed a $25mm loan to an affiliate of SWEB Development USA (SWEB), Natick, MA for the development of a wind energy project in Maine. The loan is based......
Tassat Group Execute the First Real-Time Digital Payment Between Two Banks Using Blockchain Technology
Blockchain News

Tassat Group Execute the First Real-Time Digital Payment Between Two Banks Using Blockchain Technology

Fintech News Desk
by Fintech News Desk0
Real-Time Digital Interbank Network Unveiled Tassat Group Inc. unveiled the nation’s first real-time Digital Interbank Network and the technology infrastructure behind it with a live demonstration attended by more than 100 banks from around the country. Held at the Times Center in New York today, the event was the inaugural......
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