CIBC Bank USA

Runway Growth Announces Expansion of Revolving Credit Facility

Retrieved on: 
Tuesday, April 18, 2023
CIBC Bank USA, Partnership, Line of credit, MUFG Union Bank, SOFR, Primary Dealer Credit Facility, CFO, Credit, U.S. Bancorp, Environment, Bank

WOODSIDE, Calif., April 18, 2023 (GLOBE NEWSWIRE) -- Runway Growth Finance Corp. (Nasdaq: RWAY) (“Runway Growth” or the “Company”), a leading provider of flexible capital solutions to late- and growth-stage companies seeking an alternative to raising equity, today announced the expansion of its existing revolving credit facility with an increase in aggregate commitments to $500 million from KeyBank Specialty Finance, CIBC Bank USA and other lenders.

Key Points: 
  • WOODSIDE, Calif., April 18, 2023 (GLOBE NEWSWIRE) -- Runway Growth Finance Corp. (Nasdaq: RWAY) (“Runway Growth” or the “Company”), a leading provider of flexible capital solutions to late- and growth-stage companies seeking an alternative to raising equity, today announced the expansion of its existing revolving credit facility with an increase in aggregate commitments to $500 million from KeyBank Specialty Finance, CIBC Bank USA and other lenders.
  • The maturity date under the Credit Facility is April 20, 2026.
  • “This credit facility expansion strengthens our liquidity, and strategically positions Runway to navigate any environment that lies ahead.
  • With more than $200 million of available liquidity, our team remains focused on disciplined execution while deploying capital at favorable terms.”
    “KeyBank is proud to have led the revolving credit facility for Runway Growth, given its reputation as a trusted partner in the venture debt market.

Channel Capital Cayman adds new Director to its Fund Governance Team

Retrieved on: 
Tuesday, April 18, 2023
Argentina, CFA, CESGA, Investment, Maples Group, GEORGE, ESG, Martin, CIBC Bank USA, Financial services, Financial adviser

SYDNEY and GEORGE TOWN, Cayman Islands, April 18, 2023 /PRNewswire/ -- Channel Capital Cayman a company within the Channel Capital Group, today announced the expansion of its Cayman Islands team with the appointment of Martin Laufer as Fund Director.

Key Points: 
  • SYDNEY and GEORGE TOWN, Cayman Islands, April 18, 2023 /PRNewswire/ -- Channel Capital Cayman a company within the Channel Capital Group, today announced the expansion of its Cayman Islands team with the appointment of Martin Laufer as Fund Director.
  • Channel Capital Cayman provides a high quality governance service to investment funds domiciled primarily in the United States, Cayman Islands and other offshore financial centres.
  • "We are excited to have Martin join the business," said Mark Cook, Executive Director, Channel Capital Cayman.
  • Fund Director at Channel Capital Cayman, Martin Laufer, said: "I am very pleased to be joining Mark and the rest of the Channel Capital Cayman team.

Channel Capital Cayman adds new Director to its Fund Governance Team

Retrieved on: 
Tuesday, April 18, 2023
Argentina, CFA, CESGA, Investment, Maples Group, GEORGE, ESG, Martin, CIBC Bank USA, Financial services, Financial adviser

SYDNEY and GEORGE TOWN, Cayman Islands, April 17, 2023 /PRNewswire/ -- Channel Capital Cayman a company within the Channel Capital Group, today announced the expansion of its Cayman Islands team with the appointment of Martin Laufer as Fund Director.

Key Points: 
  • SYDNEY and GEORGE TOWN, Cayman Islands, April 17, 2023 /PRNewswire/ -- Channel Capital Cayman a company within the Channel Capital Group, today announced the expansion of its Cayman Islands team with the appointment of Martin Laufer as Fund Director.
  • Channel Capital Cayman provides a high quality governance service to investment funds domiciled primarily in the United States, Cayman Islands and other offshore financial centres.
  • "We are excited to have Martin join the business," said Mark Cook, Executive Director, Channel Capital Cayman.
  • Fund Director at Channel Capital Cayman, Martin Laufer, said: "I am very pleased to be joining Mark and the rest of the Channel Capital Cayman team.

CIBC launches into Financial Literacy Month by volunteering at four Chicago schools; continues education efforts throughout April

Retrieved on: 
Thursday, March 30, 2023
CIBC Bank USA, Volunteering, Small business, Partnership, Student, Senior, Curriculum, Espresso, Big Shoulders, CIBC, Bank, Tutoring, Management

"We are pleased to continue our long-standing partnership with Big Shoulders to give their students these important life skills."

Key Points: 
  • "We are pleased to continue our long-standing partnership with Big Shoulders to give their students these important life skills."
  • This is the second time this school year that CIBC has participated in an all-day volunteer event.
  • Combined, more than 260 CIBC volunteers visited ten Chicago schools to teach important lessons in financial literacy.
  • "The professionals at CIBC have taught financial literacy to over 23,000 students in the course of 10 years," said Beber.

The NRP Group, Canyon Partners, CIBC Bank USA Break Ground on South Tryon, a Multifamily Apartment Community in Charlotte, N.C.

Retrieved on: 
Thursday, February 9, 2023
Professional Services, Residential Building & Real Estate, Finance, Construction & Property, Urban Planning, REIT, CIBC Bank USA, I-77, CIBC, Rail trail, Development, Allstate, Uptown, DFA, Charlotte Douglas International Airport, Swimming, Douglas International Airport, The, Den, Multimedia, NRP, Walking, Hotel

The NRP Group , a vertically integrated, best-in-class developer, builder, and manager of multifamily housing, in collaboration with Canyon Partners Real Estate (Canyon) and CIBC Bank USA, has officially broken ground on South Tryon, a market-rate community that will bring 310 apartments to Charlotte’s rapidly growing South End.

Key Points: 
  • The NRP Group , a vertically integrated, best-in-class developer, builder, and manager of multifamily housing, in collaboration with Canyon Partners Real Estate (Canyon) and CIBC Bank USA, has officially broken ground on South Tryon, a market-rate community that will bring 310 apartments to Charlotte’s rapidly growing South End.
  • View the full release here: https://www.businesswire.com/news/home/20230209005123/en/
    The NRP Group has broken ground on South Tryon, a transit-oriented, market-rate community in Charlotte’s rapidly growing South End.
  • (Image Credit: The NRP Group)
    Canyon has provided a preferred equity investment to support the development of 3310 S. Tryon Street in conjunction with a senior construction loan from CIBC.
  • The NRP Group expects South Tryon, its seventh community in the Charlotte area, to be completed in 2025.

CIBC supports the new construction, rehabilitation and renovation of Roosevelt Square, large mixed-use development on Chicago's West Side

Retrieved on: 
Monday, January 23, 2023
Housing, LIHTC, CIBC Bank USA, Espresso, Health, National Public Housing Museum, Partnership, CIBC, Public housing, BMO Harris Bank, BMO, Quality of life, Rehabilitation, Acquisition, Investment, Senior

CHICAGO, Jan. 23, 2023 /PRNewswire/ - CIBC is proud to announce its support for a significant mixed-use and mixed-income development on Chicago's West Side.

Key Points: 
  • CHICAGO, Jan. 23, 2023 /PRNewswire/ - CIBC is proud to announce its support for a significant mixed-use and mixed-income development on Chicago's West Side.
  • The project, Roosevelt Square, is the new construction, acquisition/rehabilitation, and adaptive reuse of 406 residential units and 10,000 square feet of commercial space across 42 buildings.
  • "At CIBC, we prioritize the availability of safe, affordable housing and the preservation of our communities," said Shawn Beber, Senior Executive Vice President and Group Head, US Region.
  • To finance the proposed project, CIBC Bank USA, in partnership with BMO Harris Bank N.A.

Settlement Reached in CIBC Unpaid Overtime Class Action Lawsuits

Retrieved on: 
Thursday, January 5, 2023
CIBC, Ontario Superior Court of Justice, Court, News, CIBC Bank USA, Appellate court, Hearing, Insurance

TORONTO, Jan. 5, 2023 /CNW/ - The parties have agreed to settle class actions, launched in 2007, by retail branch employees alleging systemic unpaid overtime.

Key Points: 
  • TORONTO, Jan. 5, 2023 /CNW/ - The parties have agreed to settle class actions, launched in 2007, by retail branch employees alleging systemic unpaid overtime.
  • The settlement provides that CIBC will pay a total of $153 million, which will be used to compensate approximately 30,000 class members (current and former front-line retail staff) for unpaid overtime, and also used to pay for legal fees and for the cost of distributing the settlement funds.
  • Dara Fresco, the former CIBC Bank teller, who brought this case in 2007, stated that she is pleased with the settlement.
  • Class Counsel stressed that the settlement will provide for a simple and easy method for class members to be paid.

California Bank of Commerce Creates New Specialty Banking Division

Retrieved on: 
Tuesday, November 15, 2022
Kramer, CIBC Bank USA, CBC, C&I, Lacroix, Bank, Investors Bank, Senior, Knox, Treasury, ABL, SBIC, Commerce, Associate, Bank PHB Group, Financial services

OAKLAND, Calif., Nov. 15, 2022 (GLOBE NEWSWIRE) -- California Bank of Commerce (CBC) has formed a new division to focus on existing specialty lines of business.

Key Points: 
  • OAKLAND, Calif., Nov. 15, 2022 (GLOBE NEWSWIRE) -- California Bank of Commerce (CBC) has formed a new division to focus on existing specialty lines of business.
  • For more information about California Bank of Commerce and CBC Specialty Banking, visit www.californiabankofcommerce.com .
  • California BanCorp, through its wholly-owned subsidiary, California Bank of Commerce, offers a broadrange of commercial banking services to closely held businesses and professionals.
  • For more information onCalifornia BanCorp and California Bank of Commerce, call us at (510) 457-3751, or visit us at www.californiabankofcommerce.com .

CIBC awarded for exceptional client experience in Middle Market and Retail Banking for second consecutive year

Retrieved on: 
Monday, October 24, 2022
Public sector, Retail banking, Espresso, CFOS, Bank, National Association of Affordable Housing Lenders, Senior, CIBC Bank USA, Industry, Small business, Environment, Coalition, FDIC, Chief executive officer, COVID-19, CIBC, Solution

CHICAGO, Oct. 24, 2022 /PRNewswire/ - CIBCtoday announced it has been recognized by Coalition Greenwich as a leader in its Middle Market and Retail Banking client experience for the second consecutive year.

Key Points: 
  • CHICAGO, Oct. 24, 2022 /PRNewswire/ - CIBCtoday announced it has been recognized by Coalition Greenwich as a leader in its Middle Market and Retail Banking client experience for the second consecutive year.
  • This is the third time CIBC has been recognized by Coalition Greenwich for its customer-focused middle market and retail banking approach.
  • The Retail Banking benchmark is based on Coalition Greenwich 2021 Retail Banking Study covering nearly 50,000 retail banking customers.
  • In the US, CIBC Bank USA provides commercial banking, private and personal banking and small business banking solutions and CIBC Private Wealth offers investment management, wealth strategies and legacy planning.

Harbor Capital Advisors Launches Second Corporate Culture ETF

Retrieved on: 
Thursday, October 13, 2022
Professional Services, Other Professional Services, Finance, Asset Management, Consulting, Personal Finance, Trust, Data science, Fund, Commerce, Risk, Public sector, Motivation, Regulation, LLC, Organizational culture, Harbor, Research, Irrationality, Investment, ETF, CIBC Bank USA, Technology, Human capital, Solution, CITS-DT, Capital, Industry, Small business, Canadian Imperial Bank of Commerce, S.A.C. Capital Advisors, Partnership, CIO, Prospectus, Intellectual property, Solactive, CIBC, NAV, Financial adviser, Management, Financial services, Risk management, Fine chemical, Security (finance), Life insurance, Index

Harbor Capital Advisors, Inc. (Harbor), a premier multi-manager investment firm offering access to innovative and specialized expertise across a range of investment strategies and vehicles, today launched the Harbor Corporate Culture ETF (ticker: HAPI).

Key Points: 
  • Harbor Capital Advisors, Inc. (Harbor), a premier multi-manager investment firm offering access to innovative and specialized expertise across a range of investment strategies and vehicles, today launched the Harbor Corporate Culture ETF (ticker: HAPI).
  • The Human Capital Factor first became publicly investable through the Harbor Corporate Culture Leaders ETF (ticker: HAPY), and serves as the foundation for HAPI, allowing for a more diversified and sector constrained approach to this new field of human capital investing.
  • We continue to see strong investor demand in the field of human capital investing and are thrilled to partner with world-renowned behavioral scientist Dan Ariely and his colleagues at Irrational Capital on our second Corporate Culture ETF, said Kristof Gleich, President & CIO, Harbor Capital.
  • is the Distributor of the Harbor Corporate Culture ETF and the Harbor Corporate Culture Leaders ETF.