Israel Discount Bank

Pagaya Closes Five-Year $280M Credit Facility with BlackRock, UBS, JPMorgan Chase and Other Lenders

Retrieved on: 
Wednesday, February 7, 2024
Software, Networks, Finance, Artificial Intelligence, Data Management, Professional Services, Technology, Fintech, Interim, Growth, JPMorgan Chase, Jefferies, Capital, Adjustment, BlackRock, Entrepreneurship, Discounting, Israel Discount Bank, UBS, Cryptocurrency

Pagaya Technologies LTD. (NASDAQ: PGY) ("Pagaya" or “the Company”), a global technology company delivering AI-driven product solutions for the financial ecosystem, announced today the closing of a credit facility with participation from Funds and Accounts managed by BlackRock U.S.

Key Points: 
  • Pagaya Technologies LTD. (NASDAQ: PGY) ("Pagaya" or “the Company”), a global technology company delivering AI-driven product solutions for the financial ecosystem, announced today the closing of a credit facility with participation from Funds and Accounts managed by BlackRock U.S.
  • Private Capital (“BlackRock”), UBS O’Connor, JPMorgan Chase, Valley Bank, and Israel Discount Bank.
  • “We are pleased to partner with Pagaya and support its next stage of growth through this facility,” said Dan Worrell, Managing Director at BlackRock.
  • Proceeds from the facility will be used to pay off outstanding borrowings from the Company's previous facility, invest in product innovation, and grow its network with both existing and new lending and investor partners.

Greystone Arranges $425 Million Construction Loan for Long Island City’s Tallest Residential Tower

Retrieved on: 
Wednesday, June 21, 2023
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Upon completion, the property will be the tallest residential tower in Long Island City, featuring 824 residential apartments, 207 parking spaces, over 100,000 square feet of world-class amenities and 13,000 square feet of above-grade retail space.

Key Points: 
  • Upon completion, the property will be the tallest residential tower in Long Island City, featuring 824 residential apartments, 207 parking spaces, over 100,000 square feet of world-class amenities and 13,000 square feet of above-grade retail space.
  • Greystone Capital Advisors’ Drew Fletcher, Paul Fried and Bryan Grover served as exclusive advisors in arranging the financing on behalf of BLDG.
  • “BLDG is thrilled to grow its long-standing relationship with Greystone through this market-leading transaction,” said Lloyd Goldman, Founder and President of BLDG.
  • We are also incredibly thankful to our trusted lending partners for their support and confidence despite the exceptionally challenging credit environment.”

IDB BANK ANNOUNCES LAURA GREENFIELD AS HEAD OF NEW YORK COMMERCIAL REAL ESTATE

Retrieved on: 
Monday, September 12, 2022
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NEW YORK, Sept. 12, 2022 /PRNewswire/ -- IDB Bank, a New York-based private and commercial bank, announced the appointment of Laura Greenfield as its new Senior Vice President and Head of New York Commercial Real Estate (CRE). In this role, she will lead balance sheet CRE lending in the New York Metropolitan Area, overseeing loan originations, asset management, operations and deposit gathering. Greenfield will report directly to Lissa Baum, IDB Bank's Executive Vice President and Head of Commercial Banking.

Key Points: 
  • NEW YORK, Sept. 12, 2022 /PRNewswire/ -- IDB Bank, a New York-based private and commercial bank, announced the appointment of Laura Greenfield as its new Senior Vice President and Head of New York Commercial Real Estate (CRE).
  • Greenfield will report directly to Lissa Baum, IDB Bank's Executive Vice President and Head of Commercial Banking.
  • Prior to joining People's United Bank in 2016, Laura was a vice president and team leader in the New York City commercial real estate lending group at M&T Bank.
  • To learn more about IDB Bank visit www.idbny.com
    IDB Bank is a registered service mark of Israel Discount Bank of New York.

IDB BANK APPOINTS KENNETH SAVIO AS NEW CEO OF IDB CAPITAL

Retrieved on: 
Thursday, July 14, 2022
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NEW YORK, July 14, 2022 /PRNewswire/ -- IDB Bank, a New York-based private and commercial bank, announced Ken Savio as President & Chief Executive Officer (CEO) of IDB Capital, IDB Bank's broker-dealer subsidiary. As CEO, Savio will oversee the growth of IDB Capital as the Bank expands its wealth management business. He will also serve as a member of the IDB Senior Management Team and will report to Ziv Biron, IDB Bank's President & CEO.

Key Points: 
  • NEW YORK, July 14, 2022 /PRNewswire/ --IDB Bank, a New York-based private and commercial bank, announced Ken Savio as President & Chief Executive Officer (CEO) of IDB Capital, IDB Bank's broker-dealer subsidiary.
  • As CEO, Savio will oversee the growth of IDB Capital as the Bank expands its wealth management business.
  • He will also serve as a member of the IDB Senior Management Team and will report to Ziv Biron, IDB Bank's President & CEO.
  • To learn more about IDB Bank visit www.idbny.com
    IDB Bank is a registered service mark of Israel Discount Bank of New York.

IDB BANK ANNOUNCES DANIEL ROBERTS AS NEW CHIEF RISK OFFICER

Retrieved on: 
Thursday, June 16, 2022
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NEW YORK, June 16, 2022 /PRNewswire/ -- IDB Bank, a New York-based private and commercial bank, announced the appointment of Daniel Roberts as its new Chief Risk Officer (CRO). In his role, Roberts will be responsible for overseeing and maintaining the Bank's capacity to identify, measure, and manage financial and operational risk. He will report to Ziv Biron, IDB Bank's President & CEO.

Key Points: 
  • NEW YORK, June 16, 2022 /PRNewswire/ --IDB Bank, a New York-based private and commercial bank, announced the appointment of Daniel Roberts as its new Chief Risk Officer (CRO).
  • "I am excited to see Daniel join our leadership team," said IDB Bank President & CEO Ziv Biron.
  • IDB Bank is a New-York State-chartered commercial bank, a member of the FDIC, and a wholly owned subsidiary of Israel Discount Bank LTD., one of Israel's leading Banks.
  • To learn more about IDB Bank visit www.idbny.com
    IDB Bank is a registered service mark of Israel Discount Bank of New York.

Johnson Controls OpenBlue technologies make Discount Group's new Israel headquarters a sustainable, efficient and user-experience oriented campus

Retrieved on: 
Wednesday, March 16, 2022
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One of the leading financial institutions in Israel, Discount Group's new HQ Campus will provide the home base for the Group's three main entities Israel Discount Bank, Israel Credit Cards Ltd. (CAL) and Mercantile Discount Bank.

Key Points: 
  • One of the leading financial institutions in Israel, Discount Group's new HQ Campus will provide the home base for the Group's three main entities Israel Discount Bank, Israel Credit Cards Ltd. (CAL) and Mercantile Discount Bank.
  • The complexity of the campus and the desire for an innovative and user-experience oriented building design are two of the reasons why matrix and Discount Group decided to choose Johnson Controls and its OpenBlue solutions.
  • As part of an ongoing relationship, Johnson Controls works with Microsoft to deliver OpenBlue solutions and applications in Microsoft Azure.
  • Johnson Controls will also be deploying its OpenBlue Companion app for all campus occupants.

New York Chapter of Global M&A Association Appoints Advisory Board Leadership

Retrieved on: 
Tuesday, March 8, 2022
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NEW YORK, March 08, 2022 (GLOBE NEWSWIRE) -- ACG New York, the largest chapter of the Association of Corporate Growth ( acg.org ) a global network of Middle Market M&A professionals today announced the selectionof Bryan Cummings as Advisory Board President and Abilash Jaikumar asExecutive Vice Presidentfor the 2022 calendar year term.

Key Points: 
  • NEW YORK, March 08, 2022 (GLOBE NEWSWIRE) -- ACG New York, the largest chapter of the Association of Corporate Growth ( acg.org ) a global network of Middle Market M&A professionals today announced the selectionof Bryan Cummings as Advisory Board President and Abilash Jaikumar asExecutive Vice Presidentfor the 2022 calendar year term.
  • "I am honored to have this opportunity to serve the members of ACG New York in collaboration with our experienced Board of Advisors," said Bryan Cummings, Managing Director in the U.S. Financial Sponsors Group at Canaccord Genuity.
  • "I am personally excited to have Bryan Cummings lead ACG New York as President," stated David Hellier, Chapter Council Chair on the ACG Global Board and Partner at Bertram Capital.
  • For a full list of ACG NY Advisory Board Members anddetails on all Committees and members, please visit www.acg.org/nyc .

STRATA Skin Sciences Announces CFO Transition

Retrieved on: 
Monday, October 4, 2021
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Having previously worked with Chris at Encore Dermatology, where he successfully led the financial organization, we were delighted to add him to the STRATA team.

Key Points: 
  • Having previously worked with Chris at Encore Dermatology, where he successfully led the financial organization, we were delighted to add him to the STRATA team.
  • In an 8-K filed today, STRATA announced that it has completed an $8 million financing with MidCap Financial Trust (MidCap).
  • STRATA Skin Sciences is a medical technology company in dermatology dedicated to developing, commercializing and marketing innovative products for the treatment of dermatologic conditions.
  • Its products include the XTRAC and now Pharos excimer lasers and VTRAC lamp systems utilized in the treatment of psoriasis, vitiligo and various other skin conditions.

Israel Discount Bank of New York Implements ARGO’s Anti-Fraud Solutions Suite

Retrieved on: 
Tuesday, August 17, 2021
Security, Banking, Professional Services, Technology, Software, Industry, ATM, Fraud, Israel, Representative office, IDB Bank, CIO, Senior, Review, Â, RDC, Israel Discount Bank, Food, Solution, IDB, Representative, OASIS, ACH, Cryptocurrency, Online shopping

ARGOs OASIS solution is an advanced analytical fraud detection platform for transactions of various types and through various channels.

Key Points: 
  • ARGOs OASIS solution is an advanced analytical fraud detection platform for transactions of various types and through various channels.
  • With ARGO, we will have the ability to reduce fraud and streamline operational processes, said Akhilesh Khare, CIO of Israel Discount Bank of New York.
  • By implementing ARGOs Fraud Solutions suite, Israel Bank of New York is enhancing the experience of their customers while efficiently ensuring that it is a safe one as well.
  • IDB is a New York State chartered bank and wholly owned subsidiary of Israel Discount Bank, Ltd., one of Israels leading financial institutions.

IDB Bank Hires Mitchell Barnett to Strengthen its Commercial Banking Offering within the Apparel and Consumer Products

Retrieved on: 
Thursday, July 22, 2021
IDB Bank, Israel Discount Bank, IDB, Ocean Bank, Service companies, New York City, Companies

New York, July 22, 2021 (GLOBE NEWSWIRE) -- IDB Bank, a New York-based private and commercial bank, is pleased to announce that Mitchell Barnett has joined the firm as Senior Vice President, Head of Apparel and Consumer Products, complementing the Banks distinguished leadership, while further leveraging the Banks extensive expertise in apparel and consumer products.

Key Points: 
  • New York, July 22, 2021 (GLOBE NEWSWIRE) -- IDB Bank, a New York-based private and commercial bank, is pleased to announce that Mitchell Barnett has joined the firm as Senior Vice President, Head of Apparel and Consumer Products, complementing the Banks distinguished leadership, while further leveraging the Banks extensive expertise in apparel and consumer products.
  • Jason Goldberg, Senior Vice President, Head of Sales for Commercial Bank at IDB Bank said, We are thrilled to have Mitch at the Bank to lead this strategic focus.
  • With over 70 years of experience, IDB Bank provides private banking and commercial banking solutions to its clients in healthcare, real estate, apparel, food and beverage, high-tech and not-for-profit sectors.
  • IDB is a New York State chartered bank and wholly owned subsidiary of Israel Discount Bank, Ltd., one of Israels leading financial institutions.