Commercial bank

Valley Bank’s New York City Commercial Banking Team Closes $150 Million Syndicated Credit Facility to a Premier New York -Based Finance Company

Retrieved on: 
Tuesday, April 2, 2024
Banking, Professional Services, Finance, Commercial bank, Region, National bank, VLY, Bank

Valley National Bank, the wholly-owned subsidiary of Valley National Bancorp (NASDAQ:VLY), announced today that their New York City Commercial Banking Team closed a $150 million senior revolving credit facility for a premier New York -based finance company.

Key Points: 
  • Valley National Bank, the wholly-owned subsidiary of Valley National Bancorp (NASDAQ:VLY), announced today that their New York City Commercial Banking Team closed a $150 million senior revolving credit facility for a premier New York -based finance company.
  • “Leveraging Valley Bank’s expertise in the Lender Finance arena allowed our team to provide a bespoke solution affording our client operational flexibility.
  • The structure also ensures meaningful runway for our client to continue building their legacy for many years to come,” commented Douglas J. Meyer, Regional President of New York City Commercial Banking at Valley Bank.
  • This is indicative of the strategy Valley has put in place to grow our Commercial Banking business activities across the firm.”

Upgrade Your Equipment, Elevate Your Business: Cass Commercial Bank Launches New Equipment Finance Division

Retrieved on: 
Thursday, March 28, 2024
Technology, Construction & Property, Payments, Finance, Banking, Professional Services, Manufacturing, Machinery, Asset Management, Other Construction & Property, FDIC, Equal housing lender, Commercial bank

Cass Commercial Bank, a solid financial institution with a legacy of 117 years, is excited to announce the launch of its recent Equipment Finance Division.

Key Points: 
  • Cass Commercial Bank, a solid financial institution with a legacy of 117 years, is excited to announce the launch of its recent Equipment Finance Division.
  • Cass Commercial Bank's Equipment Finance Division boasts a seamless process and quick turnaround, ensuring minimal paperwork, quick approvals, and efficient solutions to your capital needs.
  • For more information about Cass Commercial Bank's Equipment Finance Division, please contact: Scott Williams | Vice President, Cass Equipment Finance, Email: [email protected] .
  • About Cass Commercial Bank: Cass Commercial Bank, headquartered in St. Louis, Missouri, has been serving businesses and communities since 1906.

Santander Names Swati Bhatia Head of Retail Banking and Transformation

Retrieved on: 
Wednesday, March 27, 2024
Finance, Banking, Other Retail, Retail, Professional Services, Risk management, Growth, Goldman Sachs, Capital One, Risk, Fortune (magazine), Stripe, Transformation, Santander Bank, Banco Santander, Commercial bank, PayPal, Marketing

(“Santander Bank” or “the Bank”) announced today that Swati Bhatia has joined as head of Retail Banking and Transformation, effective immediately.

Key Points: 
  • (“Santander Bank” or “the Bank”) announced today that Swati Bhatia has joined as head of Retail Banking and Transformation, effective immediately.
  • Bhatia reports to Tim Wennes, Santander Bank CEO and Santander US country head, and to Daniel Barriuso, global head of Retail and Commercial Banking and Group Transformation.
  • “Santander is a respected and innovative global banking leader, and I am excited to be joining the Retail Bank business at this pivotal moment of transformation and growth.
  • Santander’s globally connected technology platforms and depth of digital expertise provides a competitive advantage and positions the business for profitable growth in the U.S. market,” said Swati Bhatia, head of Retail Banking and Transformation in the U.S.

ServisFirst Bank Expands Footprint in Tennessee

Retrieved on: 
Monday, March 25, 2024
Banking, Other Professional Services, Accounting, Professional Services, University, Growth, Documentation, Assistant, Business, Megan, Business administration, Christian Brothers University, Commercial, Commerce, Private banking, Krista, Commercial bank, Bachelor of Business Administration, Managerial finance, Rhodes College, Region, University of Memphis, Treasury, Economics, Management

ServisFirst Bank , a subsidiary of ServisFirst Bancshares (NYSE:SFBS), proudly announces its expansion in the Tennessee region by adding a new office in Memphis, Tennessee.

Key Points: 
  • ServisFirst Bank , a subsidiary of ServisFirst Bancshares (NYSE:SFBS), proudly announces its expansion in the Tennessee region by adding a new office in Memphis, Tennessee.
  • Additionally, ServisFirst Bank Memphis brings on board Megan Latta as Treasury Management Sales and Trudy Griffin as Commercial Client Relationship Associate.
  • "ServisFirst Bank Memphis is thrilled to announce the opening of our new office, bringing together a team of trusted and experienced veteran bankers," states Joel E. Smith, Market President of ServisFirst Bank Memphis.
  • “We are excited to expand our Tennessee footprint with the opening of a new office in Memphis,” states Bradford Vieira, Regional President, and CEO of ServisFirst Bank Tennessee.

Swift Sets Industry Up for Seamless Introduction of CBDCs for Cross-Border Transactions as Interlinking Solution Finds More Use Cases

Retrieved on: 
Monday, March 25, 2024
Carriers and Services, Technology, Professional Services, Payments, Electronic Commerce, Blockchain, Security, Networks, Internet, Fintech, Mobile, Wireless, Deutsche Bank, CLS Group, Automation, Savings bank, Standard Bank, Growth, United Overseas Bank, DVP, Tokenization, ANZ, Westpac, Risk, Sumitomo Mitsui Banking Corporation, Digital asset, Public policy, Intesa Sanpaolo, CBDC, Community business development corporation, Commercial, DTCC, Standard Chartered, DLT, NatWest Group, Ecosystem, HSBC, FX, CLS, DBS, Commercial bank, Cryptocurrency

Swift’s solution has already been shown to enable cross-border transfers and connect CBDCs on different networks with each other, as well as with fiat currencies.

Key Points: 
  • Swift’s solution has already been shown to enable cross-border transfers and connect CBDCs on different networks with each other, as well as with fiat currencies.
  • The second phase of sandbox testing went further, exploring more complex use cases, using Swift’s solution to connect and orchestrate transactions across simulated digital trade and tokenised asset and FX networks, alongside CBDCs for payments.
  • Swift now plans to extend its solution to support a wider range of emerging digital networks in addition to CBDCs, such as platforms for tokenised deposits.
  • This will help to facilitate access and usage of CBDCs in the new complex world of digital payments.

HSBC Appoints Andrew Fullam as Chief Financial Officer for the US and Americas

Retrieved on: 
Wednesday, March 13, 2024
Banking, Professional Services, Finance, Growth, Science, CFO, Strategic planning, Columbia University, Head, Enterprise, Lee University, Commercial bank, Fullam, Interim management, HSBC, Interim, Multimedia, Wells Fargo, Management

HSBC announced today the appointment of Andrew Fullam as Chief Financial Officer (CFO) for the US and Americas.

Key Points: 
  • HSBC announced today the appointment of Andrew Fullam as Chief Financial Officer (CFO) for the US and Americas.
  • View the full release here: https://www.businesswire.com/news/home/20240313633425/en/
    Andrew Fullam, HSBC Chief Financial Officer for the US and Americas (Photo: Business Wire)
    In this role, he will be responsible for the region’s financial operations, including accounting, regulatory reporting, stress testing and capital management.
  • Fullam rejoins HSBC from Wells Fargo where he served as Head of Enterprise Financial Planning & Analysis since the beginning of 2023.
  • Based in New York, Fullam will report to Michael Roberts, CEO, US and Americas, and Kavita Mahtani, CFO, HBEU and Western Markets.

PATEO, a Leading Enterprise in Automotive Intelligence Industry, Secures Another Equity Financing of Approximately 1.5 Billion Yuan

Retrieved on: 
Tuesday, March 26, 2024
STEC, Dongfeng Motor Corporation, Attention, China Construction Bank, ICBC, Intelligence, Xiaomi, CCP, Capital, YRD, CCB, DFM, Trust, FAW Group, Industrial, FAW, Intellectual property, Yangtze Delta, Automotive industry, Multimedia, Commercial bank, Renewable energy

According to relevant resources, PATEO has recently obtained another financing of 1.5 billion yuan.

Key Points: 
  • According to relevant resources, PATEO has recently obtained another financing of 1.5 billion yuan.
  • While completing this equity financing, PATEO also signed a 19 billion yuan credit agreement with seven top state-owned banks, including Industrial and Commercial Bank of China (ICBC) and China Construction Bank (CCB).
  • In the second half of electric vehicle race, intelligence is the core for automakers to create product differentiation, hence the accelerated iteration of automotive product architecture and form.
  • As an intelligence supplier with self-owned core technologies, PATEO has entered a period of leapfrog growth from 1 to 10 with the development of the industry.

Huntington National Bank receives 2023 Greenwich Best Brand, Excellence Awards for middle market and business banking

Retrieved on: 
Tuesday, March 26, 2024
Huntington Bancshares, SBA, Small business, Treasury, Small Business Administration, Dream, Commercial bank, Cryptocurrency

COLUMBUS, Ohio, March 26, 2024 /PRNewswire/ -- The Huntington National Bank has received seven awards from Coalition Greenwich for the banking, financing and investing services it delivered to small businesses and middle market companies last year.

Key Points: 
  • COLUMBUS, Ohio, March 26, 2024 /PRNewswire/ -- The Huntington National Bank has received seven awards from Coalition Greenwich for the banking, financing and investing services it delivered to small businesses and middle market companies last year.
  • "Recognition from Coalition Greenwich is particularly meaningful, as it's based on customer feedback," said Scott Kleinman, president of Huntington Commercial Bank, which includes the middle market banking team.
  • "This recognition is a credit to our colleagues, who bring the full-service capabilities of the bank to our small business customers," said Steve Rhodes, Huntington's business banking director.
  • Best Brand - Ease of Doing Business, Trust and Values Long-Term Relationships awards are based on distinctive customer ratings.

RBC recognized by Celent for global leadership in digitally onboarding clients

Retrieved on: 
Friday, March 22, 2024
Personal, RBC, Commercial bank, API, ID, Financial adviser

We're proud to be recognized again by Celent for our global leadership in onboarding clients."

Key Points: 
  • We're proud to be recognized again by Celent for our global leadership in onboarding clients."
  • Clients can also open other accounts, like a credit card or savings account, in the same session, during their first interaction with RBC.
  • RBC was also recognized with Celent Model Bank of the Year Award in 2020 for delivering personalized client engagement, creating exceptional customer-focused experiences, and building digital literacy among employees.
  • In 2019, RBC received a Celent Model Bank Award for its application programming interface (API) strategy.

RBC and Avion Rewards launch strategic loyalty partnership with Pattison Food Group and More Rewards to deliver greater grocery value to Canadians

Retrieved on: 
Tuesday, March 19, 2024
Overwaitea Food Group, Personal, Jim Pattison Group, Partnership, Travel, Food, RBC, Save-On-Foods, Commercial bank, Avion, Mail order

Upon launch of this powerful partnership, Canadians shopping at participating Pattison Food Group locations, including Save-On-Foods, will receive unique and compelling savings on grocery and everyday purchases, value and wide-ranging benefits from both loyalty programs, Avion Rewards and More Rewards.

Key Points: 
  • Upon launch of this powerful partnership, Canadians shopping at participating Pattison Food Group locations, including Save-On-Foods, will receive unique and compelling savings on grocery and everyday purchases, value and wide-ranging benefits from both loyalty programs, Avion Rewards and More Rewards.
  • "We're proud of our long history with The Jim Pattison Group and look forward to deepening our relationship with Canadians through this partnership with More Rewards," said Neil McLaughlin, group head, Personal & Commercial Banking at RBC.
  • "This collaboration with Pattison Food Group and their market-leading brands broadens our Avion Rewards grocery offering, ensuring that our members can access value in this important category from coast to coast."
  • "We're excited to grow our extensive Avion Rewards partner network by linking our loyalty program with a market-leader like Pattison Food Group and providing compelling benefits for both More Rewards and Avion Rewards members."