First Citizens BancShares

Parafin Secures $125 Million Warehouse Facility from Silicon Valley Bank and Trinity Capital Inc.

Retrieved on: 
Tuesday, April 9, 2024
First Citizens BancShares, Software as a service, Growth, SVB, SAN, Fintech, Silicon, API, Silicon Valley Bank, Warehouse, DoorDash, Bank

SAN FRANCISCO, April 9, 2024 /PRNewswire/ -- Silicon Valley Bank (SVB), a division of First Citizens Bank, along with lending partner Trinity Capital Inc. ("Trinity"), today announced that it has provided a $125 million warehouse facility to fintech infrastructure startup, Parafin. Recently named to the 2024 Fintech Innovation 50, Parafin helps companies, such as marketplaces, vertical SaaS, and payment processors, launch and embed financial services for their sellers.

Key Points: 
  • Financing provided by SVB's National Fintech Practice and Trinity Capital Inc. (Nasdaq: TRIN)
    SAN FRANCISCO, April 9, 2024 /PRNewswire/ -- Silicon Valley Bank (SVB) , a division of First Citizens Bank, along with lending partner Trinity Capital Inc. ("Trinity"), today announced that it has provided a $125 million warehouse facility to fintech infrastructure startup, Parafin .
  • Provided by SVB's national fintech practice , the financing facility will support Parafin in providing capital to businesses on premier platforms such as DoorDash and Amazon.
  • Parafin employs a machine learning-based underwriting model based on sales performance to determine eligibility and create personalized financing offers.
  • "We're proud to partner with the teams at Parafin and SVB to provide this warehouse financing facility," said Steven Lambe, Managing Director, Warehouse Lending at Trinity Capital.

HawkEye 360 Secures $40 Million Debt Commitment

Retrieved on: 
Tuesday, April 2, 2024
First Citizens BancShares, SVB, Silicon Valley Bank, Lead, Hawk-Eye, HawkEye 360, RF

Over the past 12 months, HawkEye 360 has raised $108 million across its Series D-1 round and this debt financing, which has underscored the support and confidence from investors and lenders regarding its business and financial momentum.

Key Points: 
  • Over the past 12 months, HawkEye 360 has raised $108 million across its Series D-1 round and this debt financing, which has underscored the support and confidence from investors and lenders regarding its business and financial momentum.
  • "Raising over $400 million in capital in under five years is a landmark achievement for HawkEye 360," stated John Serafini, CEO of HawkEye 360.
  • "SVB is thrilled to continue our relationship with HawkEye 360 and provide them with the financing to help them execute their growth strategy."
  • For more information about the capabilities of the HawkEye 360 satellite constellation, please visit he360.com .

Celent Names Silicon Valley Bank Leader in Cash Management

Retrieved on: 
Tuesday, April 2, 2024
First Citizens BancShares, Corporation, SVB, SAN, Silicon Valley Bank, Silicon, Face, Treasury, Cryptocurrency

SAN FRANCISCO , April 2, 2024 /PRNewswire/ -- Silicon Valley Bank (SVB), a division of First Citizens Bank, today announced that SVB Go, its new online banking platform, has been recognized as a leading cash management solution by Celent, a global research and advisory firm for the financial services industry.

Key Points: 
  • SAN FRANCISCO , April 2, 2024 /PRNewswire/ -- Silicon Valley Bank (SVB), a division of First Citizens Bank, today announced that SVB Go , its new online banking platform, has been recognized as a leading cash management solution by Celent, a global research and advisory firm for the financial services industry.
  • "The Model Bank Awards recognize how banks creatively apply technology to change the face of banking," said Colin Kerr, Principal Analyst at Celent.
  • Silicon Valley Bank has reinvented cash management by tailoring unique customer experiences for each stage of a client company's growth."
  • "Silicon Valley Bank is committed to providing, and investing in, digital solutions, products and services our clients need to scale and grow their businesses," said Gagan Kanjlia, Chief Product Officer of Silicon Valley Bank.

Academy Award® Winner Matthew McConaughey Narrates MacGillivray Freeman's 3D Documentary for IMAX® and Giant Screen Theaters "Superhuman Body: World of Medical Marvels"

Retrieved on: 
Tuesday, March 26, 2024
Citadel, First Citizens BancShares, Health, Personality, Organization, CGI, Edwards Lifesciences, Aortic stenosis, Woman, Philosophy, MIT, Patient, Social media, Dazed and Confused, 3D, Leukemia, Richard King Mellon, Life, Cardiovascular disease, Burroughs Wellcome Fund, IMAX, Dallas Buyers Club, MacGillivray Freeman Films, TAVR, Family, Human, Television, Entertainment

LOS ANGELES, March 26, 2024 /PRNewswire/ -- MacGillivray Freeman Films is pleased to announce that Academy Award®-winning actor Matthew McConaughey will narrate the company's newest 3D giant screen film, Superhuman Body: World of Medical Marvels, for release in select IMAX® and giant screen theatres starting April 12, 2024. 

Key Points: 
  • LOS ANGELES, March 26, 2024 /PRNewswire/ -- MacGillivray Freeman Films is pleased to announce that Academy Award®-winning actor Matthew McConaughey will narrate the company's newest 3D giant screen film, Superhuman Body: World of Medical Marvels, for release in select IMAX® and giant screen theatres starting April 12, 2024.
  • Matthew McConaughey narrates "Superhuman Body: World of Medical Marvels" -- hitting IMAX and giant screens April 12!
  • This film will inspire you, move you, empower you, and you'll be amazed by what your superhuman body can do."
  • "We are delighted to have the talented Matthew McConaughey add his distinctive voice to the project."

AvAir Secures Major Expansion with Enhanced Credit Facility

Retrieved on: 
Monday, March 25, 2024
First Citizens BancShares, Oropharyngeal airway, ISO 9001, HSBC Bank USA, ASA, HSBC, HSBC Bank, ISO, Economics, Lead arranger, Airline

CHANDLER, Ariz., March 25, 2024 /PRNewswire/ -- AvAir , a leading inventory solutions provider for the aviation aftermarket, has announced the successful closure of a new three year syndicated senior credit facility led by HSBC Bank USA.

Key Points: 
  • CHANDLER, Ariz., March 25, 2024 /PRNewswire/ -- AvAir , a leading inventory solutions provider for the aviation aftermarket, has announced the successful closure of a new three year syndicated senior credit facility led by HSBC Bank USA.
  • This new facility represents a significant leap forward, offering increased availability, more favorable pricing, and improved terms compared to the company's previous credit arrangement.
  • The overwhelming interest from syndicate participants enabled AvAir to increase the facility's size at closing, showcasing a strong vote of confidence in the company's growth trajectory.
  • The syndicate, led by HSBC Bank USA as Administrative Agent and Lead Arranger, also includes First Citizens Bank and Western Alliance Bank.

AvAir Secures Major Expansion with Enhanced Credit Facility

Retrieved on: 
Monday, March 25, 2024
First Citizens BancShares, Oropharyngeal airway, ISO 9001, HSBC Bank USA, ASA, HSBC, HSBC Bank, ISO, Economics, Lead arranger, Airline

CHANDLER, Ariz., March 25, 2024 /PRNewswire/ -- AvAir , a leading inventory solutions provider for the aviation aftermarket, has announced the successful closure of a new three year syndicated senior credit facility led by HSBC Bank USA.

Key Points: 
  • CHANDLER, Ariz., March 25, 2024 /PRNewswire/ -- AvAir , a leading inventory solutions provider for the aviation aftermarket, has announced the successful closure of a new three year syndicated senior credit facility led by HSBC Bank USA.
  • This new facility represents a significant leap forward, offering increased availability, more favorable pricing, and improved terms compared to the company's previous credit arrangement.
  • The overwhelming interest from syndicate participants enabled AvAir to increase the facility's size at closing, showcasing a strong vote of confidence in the company's growth trajectory.
  • The syndicate, led by HSBC Bank USA as Administrative Agent and Lead Arranger, also includes First Citizens Bank and Western Alliance Bank.

Link Money Collaborates with Silicon Valley Bank to Scale its Pay by Bank Solution

Retrieved on: 
Thursday, March 21, 2024
First Citizens BancShares, ACH, SVB, SAN, Silicon Valley Bank, Bank, Cryptocurrency

SAN FRANCISCO, March 21, 2024 /PRNewswire-PRWeb/ -- Link Financial Technologies, Inc. (dba Link Money), a US-based open banking payment platform, and Silicon Valley Bank (SVB), a division of First Citizens Bank, today announced a strategic collaboration. Going forward, SVB will handle ACH processing and money movement on behalf of Link Money's merchants, enabling Link Money to enhance its capabilities, scale faster and further improve its Pay by Bank product.

Key Points: 
  • SAN FRANCISCO, March 21, 2024 /PRNewswire-PRWeb/ -- Link Financial Technologies, Inc. (dba Link Money), a US-based open banking payment platform, and Silicon Valley Bank (SVB), a division of First Citizens Bank, today announced a strategic collaboration.
  • Going forward, SVB will handle ACH processing and money movement on behalf of Link Money's merchants, enabling Link Money to enhance its capabilities, scale faster and further improve its Pay by Bank product.
  • SVB's tech-forward banking platform enables us to provide a higher quality product offering for merchants utilizing our Pay by Bank solution.
  • Link Money's Pay by Bank solution enables merchants to save up to 80% on payment processing fees, reduce fraud costs, and lower churn.

Silicon Valley Bank Moves to New Office in Downtown San Francisco

Retrieved on: 
Tuesday, March 12, 2024
Ecosystem, First Citizens BancShares, SVB, Berry Street, SAN, Silicon Valley Bank, Silicon, Acquisition, Howard Street, Nightclub

SAN FRANCISCO, March 12, 2024 /PRNewswire/ -- Silicon Valley Bank (SVB), a division of First Citizens Bank and financial services provider to some of the world's most innovative companies and investors, today announced the opening of its new office in downtown San Francisco. The upgraded space, located at 222 2nd Street, features modern workspaces, as well as an event space and outdoor terrace for convening innovation economy clients and partners. 

Key Points: 
  • SAN FRANCISCO, March 12, 2024 /PRNewswire/ -- Silicon Valley Bank (SVB), a division of First Citizens Bank and financial services provider to some of the world's most innovative companies and investors, today announced the opening of its new office in downtown San Francisco.
  • This San Francisco investment by SVB and parent company First Citizens supports the bank's growth goals and continued commitment to serving the innovation economy.
  • SVB has had a presence in San Francisco for 25 years, since opening its first office at 185 Berry Street in China Basin in 1999.
  • In addition to the San Francisco office, SVB has Bay Area offices in Menlo Park, Palo Alto and Santa Clara.

Sol Systems, Partners Raise $250M for Landmark Renewable Energy Project

Retrieved on: 
Monday, March 11, 2024
Project finance, Hospital, Innovation, Comerica, Economic development, National Australia Bank, El Dorado, Library, Renewable energy, Silicon, Biodiversity, Business development, Climate change, ING Group, Ecosystem, First Citizens BancShares, Silicon Valley Bank, National bank

Washington, D.C., March 11, 2024 (GLOBE NEWSWIRE) -- Sol Systems , a national renewable energy company, today announced the successful completion of financing for its landmark Eldorado Project in Saline County, IL.

Key Points: 
  • Washington, D.C., March 11, 2024 (GLOBE NEWSWIRE) -- Sol Systems , a national renewable energy company, today announced the successful completion of financing for its landmark Eldorado Project in Saline County, IL.
  • This pivotal project, utilizing US-made solar panels and racking, is poised to advance sustainable energy and contribute to the development of clean energy infrastructure in Southern Illinois.
  • This financing milestone signifies a major achievement in renewable energy development, underscored by Sol Systems' in-house expertise in structuring and executing complex financial arrangements.
  • Bret Turner, Head of Project Finance, Business Development and Innovation at Silicon Valley Bank, commented, "We are proud to support the Eldorado Project alongside Sol Systems and our esteemed partners.

Carputty Secures $80M In New Funds to Accelerate Growth

Retrieved on: 
Wednesday, March 6, 2024
Capital market, Growth, Entrepreneurship, SVB, Fintech, First Citizens BancShares, Silicon Valley Bank, Partnership

ATLANTA, March 06, 2024 (GLOBE NEWSWIRE) -- Carputty (“Carputty” or the “Company”), a leading fintech company revolutionizing auto financing and ownership, is thrilled to announce the successful closure of a $75 million warehouse facility with Silicon Valley Bank (SVB), a division of First Citizens Bank. This significant investment is further bolstered by new equity contributions led by TTV Capital and supported by Fontinalis Partners, Kickstart Fund, Kinetic Ventures, and Grand Ventures. With the investment and warehouse facility combined, Carputty's newest financial backing exceeds $80 million. Other noteworthy key investors include Porsche Ventures and University Growth Fund, who, alongside the current participants have seen Carputty raise more than $100 million in total funding, marking a substantial milestone for the company.

Key Points: 
  • Brian Foley, Market Manager at SVB, collaborated closely with Carputty to structure and launch this transformative warehouse facility.
  • “SVB continues to support fintech companies in significant growth stages, and Carputty exemplifies the innovation and impact we seek in our partners,” said Foley.
  • The new warehouse facility, structured under a two-year term compared to the previous six-month term, serves as a robust growth facilitator for Carputty.
  • Patrick Bayliss, Co-Founder and CEO of Carputty, hailed the momentous occasion as a testament to the company's evolution.