News Topic: Asset-based lending
Search Results
Early CRE payoffs drive Bank OZK into new specialties
TCF buys equipment finance business from Truist
The Detroit company, which recently agreed to be sold to Huntington Bancshares, gained $1 billion in loans and roughly 60 employees. ... Read full article
Triumph in Texas reworks terms of factoring acquisition
The company, which expressed concerns about the validity of some of the loans it bought, renegotiated a lower price and protections from the seller involved in the deal. ... Read full article
Sterling in N.Y. sheds nonperforming mortgage loans
The company also found a buyer for its portfolio of equipment finance loans as it tries to clean up credit and refocus on middle-market lending. ... Read full article
Triumph in Texas discloses issue with recent asset purchase
The company said it has concerns about a large amount of accounts receivable it bought in July. ... Read full article
Triumph in Texas buys factoring portfolio
The company paid Covenant Logistics Group about $14 million for $103 million in accounts receivable. ... Read full article
Big banks' best defense in a pandemic: A diversified strategy
A properly deployed combination of asset-based lending, commercial loans and investment banking is imperative in these circumstances. ... Read full article
Cambridge Savings forms asset-based lending business
The Massachusetts mutual hired two former bankers from Blue Hills Bancorp, which was recently sold to Independent Bank. ... Read full article
Sterling to buy specialty lending businesses from Woodforest
The New York company will add $504 million of asset-based and equipment-finance loans as part of the acquisition. ... Read full article
Borrower fraud to take bite out of Triumph's 3Q profit
The Dallas company said a commercial client submitted falsified documents that inflated how much colloteral it had available. ... Read full article
Gov. Brown should veto California’s small-business lending bill
The legislation, which creates new disclosure standards for financing costs, could hamstring commercial lenders that offer revolving credit facilities. ... Read full article
Sunflower Bank in Denver forms structured finance group
The division, created after Sunflower hired lenders away from other banks, will focus on asset-based lending to middle-market companies and investors. ... Read full article
Bank Leumi hires outsider to launch asset-based lending group
The New York bank, which is part of Leumi Group in Israel, is entering a new business line after spending years improving its infrastructure. ... Read full article
Factoring deal is diversification play for Axiom
The Orlando, Fla., bank has bought Allied Affiliated Funding in Dallas in an effort to branch out beyond traditional commercial and consumer lending. ... Read full article
Cadence’s patience on M&A pays off with big score in Atlanta
State Bank popped up on the Houston company’s radar eight years ago, but management waited until now to strike. ... Read full article
Asset-based lending provides lift to UMB's quarterly profit
The Missouri company reported strong loan growth that also reflected a spike in factoring activity. ... Read full article
Equipment financing, wider margin drive TCF's 1Q profit
Aggressive growth in commercial leasing and asset-based finance helped offset a planned pullback in auto lending at the Wayzata, Minn., company. ... Read full article
Triumph in Dallas to buy two banks and a factoring company
With the three deals, Triumph is beefing up in Colorado, expanding into New Mexico and strengthening its asset-based lending unit. ... Read full article
MUFG's big U.S. expansion is just getting started
The holding company for Union Bank — itself a unit of the Japanese giant Mitsubishi UFJ Financial Group — is on a mission to double its size and become one of the nation's 10 largest banks. Under Steve Cummings, its first-ever American CEO, MUFG ... Read full article