GMA Funding Names Rothman CEO of GMA Factor’s Operating Units

April 29th, 2016
GMA Funding, a provider of factoring and alternative commercial finance services, announced the board of directors selected James Rothman as CEO of GMA Factor and its operating units GMA USA and CoreFund Capital . Rothman will be joining GMA and its family of companies to grow it into a multi-dimensional lender with assets in asset-based lending, factoring, merchant funding, real estate finance, lender finance, as well as the proprietary loan servicing platforms developed by the group. “While ABL and ...

Silicon Valley Bank Provides $25MM Term Loan for ArtiCure

April 29th, 2016
AtriCure entered into an amended and restated term loan and revolving line of credit agreement with Silicon Valley Bank , providing access to a new $25 million five-year term loan, as well as renewing a $15 million revolving line of credit. “We are pleased to have Silicon Valley Bank as a partner,” said Andy Wade, senior vice president and chief financial officer of AtriCure Read more: Silicon Valley Bank Provides $25MM Term Loan for ArtiCure

CIT Q1 Earnings Reflect Impact of OneWest Acquisition

April 28th, 2016
CIT Group reported Q1/16 net income of $147 million compared to net income of $104 million for the year-ago quarter, which reflects results prior to the acquisition of OneWest Bank. Income from continuing operations for Q1/16 was $152 million compared to $104 million in the year-ago quarter. “Since I recently became CEO and defined our strategy to become a leading national middle market bank, our team has been very focused on executing on our plan to improve returns as ...

How to Use Breaking News to Build Buzz for Your Company

April 27th, 2016
Breaking news when used properly, can help take your startup to the next level. Read more from the original source: How to Use Breaking News to Build Buzz for Your Company
Posted under: Business news

Scott Shapiro Joins Crestmark as Regional First VP

April 27th, 2016
Scott Shapiro joined Crestmark as regional first vice president, business development officer for the West Division. Shapiro, who is based in Crestmark’s Los Angeles office, reports to Ray Morandell, senior vice president, national sales manager. Shapiro comes to Crestmark from Houston-based Briar Capital where he was senior vice president, business development officer for the Los Angeles market. See the original post: Scott Shapiro Joins Crestmark as Regional First VP

Fifth Third Q1 Earnings Hurt by Energy Loan Related Provisioning

April 25th, 2016
Fifth Third Bancorp reported Q1/16 net income, after preferred dividends, was $312 million compared to $346 million in Q1/15. The following highlights were excerpted from the news release: Average commercial leases for the Q1/16 period end of $3,874 million was up 4% compared to $3,715 million at the end of the same period in 2015. Provision for Q1/16 loan and lease losses of $119 million was up 72% from $69 million in the same quarter one year earlier Continue reading ...