Silicon Valley Bank

CTBC Bank USA CEO Noor Menai to speak at The Global Boardroom

Retrieved on: 
Wednesday, November 8, 2023
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CTBC Bank USA has announced that its President & CEO Noor Menai will speak tomorrow at The Global Boardroom , hosted by the Financial Times.

Key Points: 
  • CTBC Bank USA has announced that its President & CEO Noor Menai will speak tomorrow at The Global Boardroom , hosted by the Financial Times.
  • Panelists will discuss the bank run triggered by the collapse of Silicon Valley Bank triggering other high profile bank failures.
  • In addition to his leadership of CTBC Bank USA, Menai serves as Deputy Head of International Business of the $240 billion parent bank in based in Asia.
  • Also, Mr. Menai is a Board Member of Chia Network and serves on the Federal Reserve Bank of San Francisco Community Depository Institutions Advisory Council and as a member of FDIC's Subcommittee on Modernization .

Olema Oncology Reports Third Quarter 2023 Financial Results and Provides Corporate Update

Retrieved on: 
Tuesday, November 7, 2023
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Presented palazestrant Phase 2 monotherapy clinical study results as an oral presentation at the European Society for Medical Oncology (ESMO) Congress 2023 in Madrid, Spain, on October 22, 2023.

Key Points: 
  • Presented palazestrant Phase 2 monotherapy clinical study results as an oral presentation at the European Society for Medical Oncology (ESMO) Congress 2023 in Madrid, Spain, on October 22, 2023.
  • Non-GAAP R&D expenses were $16.7 million for the quarter ended September 30, 2023, excluding $2.8 million non-cash stock-based compensation expense.
  • Non-GAAP G&A expenses were $2.6 million for the quarter ended September 30, 2023, excluding $1.3 million non-cash stock-based compensation expense.
  • Non-GAAP G&A expenses were $4.1 million for the quarter ended September 30, 2022, excluding $1.5 million non-cash stock-based compensation expense.

SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in PacWest Bancorp of Class Action Lawsuit and Upcoming Deadline – PACW

Retrieved on: 
Friday, October 27, 2023
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NEW YORK, Oct. 27, 2023 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against PacWest Bancorp (“PacWest” or the “Company”) (NASDAQ: PACW) and certain officers.

Key Points: 
  • NEW YORK, Oct. 27, 2023 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against PacWest Bancorp (“PacWest” or the “Company”) (NASDAQ: PACW) and certain officers.
  • To discuss this action, contact Robert S. Willoughby at [email protected] or 888.476.6529 (or 888.4-POMLAW), toll-free, Ext.
  • PacWest operates as a holding company for its wholly-owned subsidiary, Pacific Western Bank (“PWB”), a regional bank based in Los Angeles, California.
  • Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions.

Flux Power Announces Capital Structure Update Including New Credit Facility with Cleveland Capital

Retrieved on: 
Friday, November 3, 2023
Chemicals, Plastics, Alternative Energy, Energy, Sustainability, Manufacturing, Technology, Finance, EV, Electric Vehicles, Professional Services, Batteries, Other Transport, Environment, Fleet Management, Transport, Automotive, Machinery, Security (finance), LOC, ATM, Bank, Silicon, Form, Securities and Exchange Commission of Pakistan, GBC, Bank of America, Growth, Merchant cash advance, Form 3, S-3, Silicon Valley Bank

Flux Power Holdings, Inc. (NASDAQ: FLUX ), a developer of advanced lithium-ion energy storage solutions for electrification of commercial and industrial equipment, today announced a new credit facility with Cleveland Capital L.P. (“CCLP”) and provided an update on its capital structure.

Key Points: 
  • Flux Power Holdings, Inc. (NASDAQ: FLUX ), a developer of advanced lithium-ion energy storage solutions for electrification of commercial and industrial equipment, today announced a new credit facility with Cleveland Capital L.P. (“CCLP”) and provided an update on its capital structure.
  • Entered into a new $2 million subordinated credit facility with Cleveland Capital, L.P. (“CCLP”) which includes a duration to August 15, 2025.
  • On July 28, 2023, the Company secured a new $15.0 million credit facility from GBC to fund working capital and to refinance its existing credit facility with Silicon Valley Bank.
  • Moreover, today’s announcement of a new $2.0 million subordinated line of credit with Cleveland Capital provides greater working capital optionality and continued confidence in our growth strategy from a long-term investor in Flux Power.

Umpqua Bank Hires Corey Dahline and Greg Newhall to Lead and Expand North Coast Wine Specialty Group

Retrieved on: 
Tuesday, October 31, 2023
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LAKE OSWEGO, Ore., Oct. 31, 2023 /PRNewswire/ -- Umpqua Bank, a subsidiary of Columbia Banking System Inc. (Nasdaq: COLB), announced today the addition of two wine industry banking experts to lead the bank's North Coast Wine Specialty Group. Corey Dahline has been appointed senior vice president, commercial relationship manager to lead and build Umpqua's wine-focused commercial banking team. Greg Newall will serve as private bank market leader in support of the wealth and day-to-day banking needs for individuals, families, and businesses throughout the North Bay.

Key Points: 
  • LAKE OSWEGO, Ore., Oct. 31, 2023 /PRNewswire/ -- Umpqua Bank, a subsidiary of Columbia Banking System Inc. (Nasdaq: COLB), announced today the addition of two wine industry banking experts to lead the bank's North Coast Wine Specialty Group.
  • Corey Dahline has been appointed senior vice president, commercial relationship manager to lead and build Umpqua's wine-focused commercial banking team.
  • Greg Newall will serve as private bank market leader in support of the wealth and day-to-day banking needs for individuals, families, and businesses throughout the North Bay.
  • Prior to First Republic, Dahline was an integral part of the Silicon Valley Bank wine team for 13 years.

SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in PacWest Bancorp of Class Action Lawsuit and Upcoming Deadline – PACW

Retrieved on: 
Thursday, October 19, 2023
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NEW YORK, Oct. 19, 2023 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against PacWest Bancorp (“PacWest” or the “Company”) (NASDAQ: PACW) and certain officers.

Key Points: 
  • NEW YORK, Oct. 19, 2023 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against PacWest Bancorp (“PacWest” or the “Company”) (NASDAQ: PACW) and certain officers.
  • To discuss this action, contact Robert S. Willoughby at [email protected] or 888.476.6529 (or 888.4-POMLAW), toll-free, Ext.
  • PacWest operates as a holding company for its wholly-owned subsidiary, Pacific Western Bank (“PWB”), a regional bank based in Los Angeles, California.
  • Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions.

Censys Secures $75M in New Funding

Retrieved on: 
Tuesday, October 24, 2023
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ANN ARBOR, Mich., Oct. 24, 2023 /PRNewswire/ -- Censys, the leading Internet Intelligence Platform for Threat Hunting and Exposure Management, today announced it secured $75M in new funding. The capital raise consisted of a $50M Series C led by Decibel Partners, GV, Greylock and Intel Capital - and included new investors Ascension Ventures, Four Rivers Partners V, L.P, and accounts managed by Hamilton Lane. Additionally, the $25M in debt funding was led by SVB Capital, Silicon Valley Bank, a Division of First Citizens Bank.

Key Points: 
  • ANN ARBOR, Mich., Oct. 24, 2023 /PRNewswire/ -- Censys, the leading Internet Intelligence Platform for Threat Hunting and Exposure Management, today announced it secured $75M in new funding.
  • Additionally, the $25M in debt funding was led by SVB Capital, Silicon Valley Bank, a Division of First Citizens Bank.
  • "This round of funding brings us even closer to our goal as the ground truth for global internet infrastructure," says Brad Brooks, CEO of Censys.
  • To further Censys' mission as the premier provider of security data and critical insights across the internet, Censys welcomes Andy Boyd as the newest independent board advisor.

Censys Secures $75M in New Funding

Retrieved on: 
Tuesday, October 24, 2023
CCI, Intelligence, Policy, ARR, SOC, International, Intel Capital, First Citizens BancShares, Organization, Central Intelligence Agency, Organizational structure of the Central Intelligence Agency, Growth, Computer security, Internet, Silicon Valley Bank, Private sector, River, GV, Privacy, ANN, Collection, Arms industry, Ugo De Censi

ANN ARBOR, Mich., Oct. 24, 2023 /PRNewswire/ -- Censys, the leading Internet Intelligence Platform for Threat Hunting and Exposure Management, today announced it secured $75M in new funding. The capital raise consisted of a $50M Series C led by Decibel Partners, GV, Greylock and Intel Capital - and included new investors Ascension Ventures, Four Rivers Partners V, L.P, and accounts managed by Hamilton Lane. Additionally, the $25M in debt funding was led by SVB Capital, Silicon Valley Bank, a Division of First Citizens Bank.

Key Points: 
  • ANN ARBOR, Mich., Oct. 24, 2023 /PRNewswire/ -- Censys, the leading Internet Intelligence Platform for Threat Hunting and Exposure Management, today announced it secured $75M in new funding.
  • Additionally, the $25M in debt funding was led by SVB Capital, Silicon Valley Bank, a Division of First Citizens Bank.
  • "This round of funding brings us even closer to our goal as the ground truth for global internet infrastructure," says Brad Brooks, CEO of Censys.
  • To further Censys' mission as the premier provider of security data and critical insights across the internet, Censys welcomes Andy Boyd as the newest independent board advisor.

Extend Levels up for Next Phase of Growth with C-Suite Appointments

Retrieved on: 
Thursday, October 19, 2023
Legal, Insurance, Human Resources, Finance, Consulting, Banking, Accounting, Professional Services, Small Business, Native Instruments, TSYS, HSBC, Mastercard, PacWest Bancorp, Visa, Engineering, Bailey, Silicon Valley Bank, Region, Partnership, American Express, Texas Capital Bank, City National Bank, BMO, Cryptocurrency, Morrow, Extension

Extend , a leading virtual card and spend management platform, today announced two new leadership appointments.

Key Points: 
  • Extend , a leading virtual card and spend management platform, today announced two new leadership appointments.
  • Danny Morrow, Extend’s co-founder, will transition to the role of chief innovation officer after serving as CTO since the company’s inception in 2016.
  • Both appointments come as Extend expands its suite of virtual card and spend management solutions to help businesses manage spending with greater control and efficiency.
  • To learn more about Extend or inquire about partnership opportunities, contact the company .

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

Retrieved on: 
Monday, October 23, 2023
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MONEY20/20 LAS VEGAS, Oct. 23, 2023 /PRNewswire/ -- 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 event in Las Vegas. Since its acquisition by First Citizens Bank in 2023, SVB continues to deliver and invest in new digital solutions, such as its digital banking platform SVB Go, new efficiency tools including travel and expense management, and curated tech stack partnerships to support the ongoing operations and growth of its clients. SVB's unmatched capabilities continue to uniquely meet the demands of the innovation ecosystem.

Key Points: 
  • "SVB has a rich history of delivering innovation economy expertise, customized solutions and high-impact business connections.
  • Today, we're continuing to build on that 40-year history with even more powerful digital solutions, and products and services that support clients end-to-end," said Gagan Kanjlia, Chief Product Officer of Silicon Valley Bank.
  • With a 40-year history dedicated to the innovation economy, SVB provides banking services, debt-financing solutions expertise and connections to companies and investors.
  • A leader in providing market insights about the innovation economy, SVB recently released its latest report, The State of Fintech.