Tag : First Citizens Bank

Parafin Secures $125 Million Warehouse Facility from Silicon Valley Bank and Trinity Capital
Fintech News

Parafin Secures $125 Million Warehouse Facility from Silicon Valley Bank and Trinity Capital

PR Newswire
by PR Newswire0
Provided by SVB’s national fintech practice, the financing facility will support Parafin in providing capital to businesses on premier platforms such as DoorDash and Amazon. Silicon Valley Bank (SVB), a division of First Citizens Bank, along with lending partner Trinity Capital Inc. (“Trinity”), announced that it has provided a $125......
Increased Venture Capital Investment Bolsters Women's Health Startups
Investment Services News

Increased Venture Capital Investment Bolsters Women’s Health Startups

PR Newswire
by PR Newswire0
Silicon Valley Bank Releases First Innovation in Women’s Health Report Despite ongoing economic headwinds and a pressured venture fundraising environment, investment in startup companies addressing women’s health is on the rise. According to a recent report from Silicon Valley Bank (SVB), a division of First Citizens Bank, investment in women’s......
Silicon Valley Bank Rolls Out New Solutions and Research Supporting Investors and Innovation Economy Companies
Banking News

Silicon Valley Bank Rolls Out New Solutions and Research Supporting Investors and Innovation Economy Companies

PR Newswire
by PR Newswire0
SVB’s latest solutions and a new State of the Fintech Industry Report available at Money20/20 Fully committed to supporting its clients and the innovation economy, Silicon Valley Bank, a division of First Citizens Bank, is showcasing a series of new products and services this week at the annual financial services Money20/20......
First Citizens Bank Extends Its Brand to Legacy CIT Business Verticals
Banking News

First Citizens Bank Extends Its Brand to Legacy CIT Business Verticals

PR Newswire
by PR Newswire0
First Citizens Bank announced that it is extending its brand to cover numerous commercial business verticals that previously fell under First Citizens’ CIT division. This effort represents another major step towards First Citizens fully integrating CIT since its 2022 merger. The First Citizens name and logo will be adopted by......
First Citizens Bank Provides $42 Million for Development of New Studio Facilities in Yonkers, NY
Banking Finance News

First Citizens Bank Provides $42 Million for Development of New Studio Facilities in Yonkers, NY

PR Newswire
by PR Newswire0
First Citizens Bank announced that its Real Estate Finance business, a division of CIT, provided $42.2 million in financing to a joint venture between National Resources and Great Point Media for the development of 1050 North Broadway, a new entertainment production facility 100% pre-leased to MediaPro Studios, located in Yonkers, New York. The new......
Finance News

First Citizens Bank Acquires $123 Million Maritime Portfolio for Greece Vessels

PR Newswire
by PR Newswire0
First Citizens Bank announced that its Maritime Finance group, part of the CIT division, has successfully completed the acquisition of $123 million of Greek shipping loans, sharply increasing the bank’s maritime financings for clients in Greece. The loan portfolio, which was acquired from HSBC Bank Plc, covers 11 financings involving 14 vessels and eight......
CIT Northbridge Credit Refinances and Upsizes $45 Million Credit Facility with Tubular Synergy
Fintech News

CIT Northbridge Credit Refinances and Upsizes $45 Million Credit Facility with Tubular Synergy

PR Newswire
by PR Newswire0
First Citizens Bank announced that CIT Northbridge Credit, as advised by CIT Asset Management LLC, has provided $45 million to refinance and upsize a secured credit facility for Tubular Synergy Group LP, a privately held sales, marketing and supply chain services distributor. Founded in 2008 and headquartered in Dallas, Texas, Tubular Synergy Group......
CIT Northbridge Credit Provides $40 Million Credit Facility for Tronair
Banking Finance News

CIT Northbridge Credit Provides $40 Million Credit Facility for Tronair

PR Newswire
by PR Newswire0
First Citizens Bank announced that CIT Northbridge Credit, as advised by CIT Asset Management LLC, has provided $40 million in financing for Tronair, a leader in the manufacturing of ground support equipment, aftermarket replacement parts and services for the global aviation market. Founded in 1971 and headquartered in Swanton, Ohio, Tronair is a......
First Citizens Bank Provides $16 Million in Financing to FitLife Brands, Inc.
Banking Finance News

First Citizens Bank Provides $16 Million in Financing to FitLife Brands

PR Newswire
by PR Newswire0
First Citizens Bank announced that its Middle Market Banking business provided $16 million in financing to FitLife Brands, Inc., a provider of innovative and proprietary nutritional supplements headquartered in Omaha, Nebraska. The financing includes a $12.5 million term loan for FitLife’s strategic acquisition of Mimi’s Rock, an e-commerce wellness company that owns brands in the nutritional supplement......
First Citizens Bank Provides $48 Million for Acquisition of Florida Apartment Community
Banking News

First Citizens Bank Provides $48 Million for Acquisition of Florida Apartment Community

PR Newswire
by PR Newswire0
First Citizens Bank announced that its Real Estate Finance group, part of the CIT division, provided a $48 million senior secured loan to finance the acquisition of the Dunson Grove apartment community in Davenport, Florida. The property consists of 18 three-story buildings comprising 319 residential units. Located in a suburb of Orlando, Florida, the apartment......
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