Tag : Commercial Banking

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......
HomeStreet Bank Extends Services in Hawaii to Meet Commercial Banking Needs
Analytics Banking Lending News

HomeStreet Bank Extends Services in Hawaii to Meet Commercial Banking Needs

Fintech News Desk
by Fintech News Desk0
HomeStreet is complementing their 40 years of retail banking services by offering commercial solutions in Hawaii The commercial banking division of HomeStreet Bank is expanding their commercial services into Honolulu, Hawaii. This latest move by HomeStreet aims to provide island business owners, big and small, with a community banking partner......
Locality Bank (a Digital-First Bank in Organization) Gains FDIC Approval to Open a State-Chartered Bank in Fort Lauderdale, Florida
Banking News

Locality Bank (a Digital-First Bank in Organization) Gains FDIC Approval to Open a State-Chartered Bank in Fort Lauderdale, Florida

Fintech News Desk
by Fintech News Desk0
Locality Bank IO‘s application for FDIC insurance has been approved subject to standard conditions. The bank has met the requirement to have $23 million in capital and currently has over $27 million in subscriptions for stock. The bank will close the capital raise no later than November 15, 2021, with its first shareholder meeting to......
Associated Bank Announces Leadership Changes
Banking Business News

Associated Bank Announces Leadership Changes

Fintech News Desk
by Fintech News Desk0
Tim Lau and Denis Hogan to retire; Dennis DeLoye joins executive leadership team with expanded community market focus Associated Banc-Corp announced changes involving its executive leadership and Northeast Wisconsin leadership teams. Timothy J. Lau, executive vice president and head of community markets, has announced his plans to retire from Associated Bank in the......
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