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Category: Corporate banking


Activity, Corporate banking

US asset managers shake up equity research as banks shrink their budgets

February 5, 2018

Via: CNBC

As new rules spur Wall Street banks to further shrink their research budgets, U.S. asset management firms are shoring up in-house research, and reinventing the stockpicking business in the process. Fund managers are eschewing the traditional model of teams built […]


Activity, Corporate banking

Wells Fargo Expands Middle Market Banking to El Paso

January 22, 2018

Via: ABF Journal

Wells Fargo chose El Paso, TX as home for a new Middle Market Banking office. Vanessa Barreda-Ramirez was promoted to lead the West Texas location, advancing the bank’s community-based approach to serving privately held, middle-market companies with revenues of $20 […]


Activity, Corporate banking

7 ways “conduct risk” can be handled by bank boards

January 12, 2018

Via: Banking Exchange

Serving on a bank board in the U.S. has never been a low-risk proposition. But now, after Wells Fargo’s sales practices consent orders, enforcement actions, civil money penalties, and subsequent investigations, the responsibilities of a bank board member have come […]


Activity, Corporate banking, Investment banking

US bank gains from the new tax law will start with a lot of red ink

January 8, 2018

Via: CNBC

U.S. bank executives and investors expect a long-term boost from the new federal tax code, but the biggest lenders will first need to book multi-billion-dollar charges that will muddle fourth-quarter results. Banks will adjust deferred tax assets and liabilities to […]


Activity, Corporate banking

Fortress Investment Group Acquired by SoftBank Group

December 28, 2017

Via: ABF Journal

SoftBank Group completed its acquisition of Fortress Investment Group for $3.3 billion in cash. Following the close, SBG and its wholly-owned subsidiaries own all outstanding Fortress shares. As a result of the acquisition, each outstanding Fortress class A share was […]


Activity, Corporate banking

Independent Bank to Acquire Traverse City State Bank

December 5, 2017

Via: ABF Journal

Independent Bank signed a definitive merger agreement to acquire TCSB Bancorp, the parent company of Traverse City State Bank. Both boards of directors unanimously approved the agreement. Under the merger terms, TCSB shareholders will receive 1.1166 shares of IBCP common […]


Activity, Capital and risk, Corporate banking, Credit

JPMorgan Agents $273MM Facility for Progress Software

November 28, 2017

Via: ABF Journal

Progress Software amended its credit agreement to include a $123.7 million senior secured term loan and a $150 million revolving credit facility. According to a related 8-K filing, JPMorgan Chase Bank served as administrative agent, sole bookrunner and sole lead […]


Activity, Corporate banking

PacWest Bancorp Completes Merger With CU Bancorp

October 23, 2017

Via: ABF Journal

PacWest Bancorp completed its merger with CU Bancorp. California United Bank, a wholly-owned subsidiary of CUB, was merged with and into PacWest’s banking subsidiary, Pacific Western Bank. Matt Wagner, CEO of PacWest and Pacific Western Bank, stated, “We believe the […]


Activity, Channels, Corporate banking

Union Bank & Trust Names Ring EVP, Commercial Banking Group Exec

September 15, 2017

Via: ABF Journal

Union Bank & Trust named David V. Ring executive vice president and Commercial Banking Group executive. Ring was most recently executive vice president and executive managing director at Huntington National Bank leading its middle market, university, non-profit and Huntington Business […]


Activity, Corporate banking

American State Bank Adds Two Commercial Lending Officers

September 12, 2017

Via: ABF Journal

American State Bank added Todd Tutt and Richard Solomon as senior vice presidents, Commercial Lending. Tutt and Solomon will serve the Tyler, TX area’s commercial clients, providing customers with swift, local decisions for the full suite of consumer and commercial […]