Trade Services Utility

Cambridge Savings Bank Provides Financing to Restaurateur Tom Schlesinger-Guidelli to Open New Seafood Restaurant and Market

Retrieved on: 
Tuesday, December 5, 2023
Restaurant, Bar, Finance, Specialty, Banking, Small Business, Professional Services, Food, Beverage, Retail, Team, Hook, line, and sinker, Trade Services Utility, Savings bank, Seafood, Lunch, East Cambridge Savings Bank, Multimedia, Tenant, CSB, Partnership, Water, SBA, Treasury management, FVP, Seaport District, Alcove, Boston, Greater Boston

Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and more than $6 billion in assets, today announced that it has provided a small business administration (SBA) term loan to restaurateur Tom Schlesinger-Guidelli.

Key Points: 
  • Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and more than $6 billion in assets, today announced that it has provided a small business administration (SBA) term loan to restaurateur Tom Schlesinger-Guidelli.
  • The loan will be used to fund construction and related startup costs for his new venture, Hook + Line, a sit-down, full-service New England seafood restaurant and H + L Market, a fast-casual seafood market.
  • View the full release here: https://www.businesswire.com/news/home/20231205567883/en/
    Hook + Line Chef, Mark Cina (left), and Hook + Line Owner, Tom Schlesinger-Guidelli (right).
  • (Photo: Business Wire)
    Located in Boston’s fast-growing Seaport District, Hook + Line and H + L Market will reflect Schlesinger-Guidelli's version of modern neighborhood service and hospitality.

Nasdaq Completes Acquisition of Adenza

Retrieved on: 
Wednesday, November 1, 2023
Partner (business rank), Adena, Acquisition, Agricultural Marketing Service, Software, Workflow, Fintech, Thoma Bravo, Risk management, Risk, NDAQ, Ecosystem, Trade Services Utility, Regulatory technology, Culture, Fine chemical, Management, Cryptocurrency, Index, Adenza

NEW YORK, Nov. 01, 2023 (GLOBE NEWSWIRE) -- Nasdaq (Nasdaq: NDAQ) today announced the completion of its acquisition of Adenza, a provider of mission-critical risk management, regulatory reporting, and capital markets software to the financial services industry, from Thoma Bravo, a leading software investment firm.

Key Points: 
  • NEW YORK, Nov. 01, 2023 (GLOBE NEWSWIRE) -- Nasdaq (Nasdaq: NDAQ) today announced the completion of its acquisition of Adenza, a provider of mission-critical risk management, regulatory reporting, and capital markets software to the financial services industry, from Thoma Bravo, a leading software investment firm.
  • “The acquisition of Adenza represents an important milestone in Nasdaq’s ongoing transformation, accelerating our vision to become the trusted fabric of the financial system,” said Adena Friedman, Chair and Chief Executive Officer, Nasdaq.
  • “Nasdaq, with Adenza, is strongly positioned to deepen our strategic relationships with the world’s financial institutions.
  • “Adenza has world-class products, a portfolio of mission-critical technology, an excellent leadership team, and a culture of innovation that aligns exceptionally well with Nasdaq,” said Tal Cohen, Co-President, Nasdaq.

Made-in-China.com's Golden Sourcing Season Highlights Secure Online Transactions

Retrieved on: 
Wednesday, October 11, 2023
Clothing, STS, United Kingdom, Trade Services Utility, Transport, MSO, Shoe, Social media, Online shopping

NANJING, China, Oct. 11, 2023 /PRNewswire-PRWeb/ -- Having accumulated more than two decades of experience in the international trade industry, Made-in-China.com has successfully transformed from a conventional information platform into an integrated service platform offering comprehensive one-stop services.

Key Points: 
  • During the Golden Sourcing Season event, in light of the growing demand for online transactions, Made-in-China.com has introduced two key venues: "Instant Buy" and "Budget-Friendly Products", enabling global buyers to place orders swiftly in a convenient and secure way.
  • Golden Sourcing Season ensured the safe and quick delivery of my ordered products.
  • Many buyers have successfully found products that meet their requirements during Golden Sourcing Season, thanks to the continuous enhancement of Made-in-China.com's services.
  • During Golden Sourcing Season, Made-in-China.com actively fosters online and offline cooperation between global buyers and suppliers in China.

Cambridge Savings Bank Supports Buyout of White Wood Kitchens with $2.6 Million in Financing

Retrieved on: 
Thursday, August 10, 2023
Professional Services, Architecture, Residential Building & Real Estate, Commercial Building & Real Estate, Finance, Construction & Property, Banking, Diamond, Software as a service, Treasury management, Savings bank, Whitewood, National Association of Home Builders, GOLD, Information technology, Greater Boston, Acquisition, Houzz, Builder, Growth, Potapy Emelianov, CSB, East Cambridge Savings Bank, Trade Services Utility, Bank

With locations in Sandwich and Pembroke, MA, White Wood Kitchens sells cabinets and countertops to residential and commercial clients, along with local and regional builders, primarily in Southeastern Massachusetts.

Key Points: 
  • With locations in Sandwich and Pembroke, MA, White Wood Kitchens sells cabinets and countertops to residential and commercial clients, along with local and regional builders, primarily in Southeastern Massachusetts.
  • Under Emelianov, White Wood Kitchens will update its multi-phase design and delivery process, which is facilitated by SaaS collaboration and a project management platform, to build efficiencies and deliver improved results.
  • In addition to the $2.1 million loan CSB provided Emelianov to facilitate the acquisition, the bank extended a $500,000 line of credit for operating expenses.
  • “Anton is a visionary, and we believe he will elevate White Wood Kitchens’ success.

Cambridge Savings Bank Extends $10 Million Revolving Line of Credit to Leadpoint Business Services

Retrieved on: 
Tuesday, July 25, 2023
Finance, Banking, Environment, Recycling, Professional Services, Partnership, Treasury management, Senior, Capital market, Savings bank, Public sector banks in India, ABL, Growth, CSB, East Cambridge Savings Bank, Trade Services Utility, Bank

Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and over $6 billion in assets, today announced that its Asset-Based Lending (ABL) team provided a $10M revolving line of credit to Leadpoint Business Services (“Leadpoint”).

Key Points: 
  • Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and over $6 billion in assets, today announced that its Asset-Based Lending (ABL) team provided a $10M revolving line of credit to Leadpoint Business Services (“Leadpoint”).
  • Leadpoint has established itself as a trusted operating partner in the waste and recycling industry, operating in 21 states and fostering long-standing partnerships nationwide.
  • With active staffing services across 45 job sites, Leadpoint sought additional financing to improve operational efficiency and support its rapid growth.
  • “From the onset of our partnership, Cambridge Savings Bank has operated as an extension of our team.

Cambridge Savings Bank Deepens Relationship with First Boston Construction Holdings, LLC

Retrieved on: 
Wednesday, June 28, 2023
Professional Services, Small Business, Residential Building & Real Estate, Commercial Building & Real Estate, Finance, Construction & Property, Banking, Treasury management, Savings bank, C&I, Pleasure, Growth, Commercial, Commercial and industrial loan, CSB, East Cambridge Savings Bank, Trade Services Utility, Bank

Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and over $6 billion in assets, today announced that it has increased the Commercial and Industrial (C&I) revolving line of credit for First Boston Construction Holdings , LLC (FBCH) to $60 million.

Key Points: 
  • Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and over $6 billion in assets, today announced that it has increased the Commercial and Industrial (C&I) revolving line of credit for First Boston Construction Holdings , LLC (FBCH) to $60 million.
  • FBCH provides short-term, bridge capital for acquisitions, ground-up construction, or renovations secured by non-owner-occupied residential or commercial properties.
  • “For years, Cambridge Savings Bank has been a trusted partner as we have elevated our brand and grown our footprint in the Boston market,” said David Grossman , President at First Boston Construction Holdings.
  • “With more than 40 years of strong financial performance and a proven track record of success, First Boston Construction Holdings is an ideal customer for the bank to partner with,” said Brian Annese , First Vice President, Senior Corporate Banking Loan Officer Cambridge Savings Bank.

Cambridge Savings Bank Invests $1 Million in Healthy Neighborhoods Equity Fund II

Retrieved on: 
Thursday, June 8, 2023
Legal, Finance, Banking, Residential Building & Real Estate, Commercial Building & Real Estate, Professional Services, Construction & Property, Other Philanthropy, Philanthropy, Environment, DEI (Diversity, Equity and Inclusion), Sustainability, Foundation, Socially Responsible Investing, Conservation Law Foundation, Partnership, Treasury management, Housing, Funding, Savings bank, Organization, Investment, MA, Commercial, Health, SVP, Fund, CLF, CSB, East Cambridge Savings Bank, Trade Services Utility, Safety, Bank, Renewable energy

Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and over $6 billion in assets, today announced that it has invested $1 million in Healthy Neighborhoods Equity Fund II (HNEF II).

Key Points: 
  • Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and over $6 billion in assets, today announced that it has invested $1 million in Healthy Neighborhoods Equity Fund II (HNEF II).
  • HNEF II, a private equity fund, raised $42M, and its stewards intend to use the strategic capital to finance over 450 homes in Massachusetts, Connecticut, and Rhode Island.
  • The fund will expand efforts to clean up environmentally degraded properties and repurpose abandoned locations to create new low-carbon housing.
  • The Fund pairs lower-cost equity and longer investment periods with rigorous screening for community, health, and environmental benefits using CLF’s HealthScoreTM tool.

Comerica Announces Expanded Office Location in Fort Lauderdale, Florida

Retrieved on: 
Wednesday, June 7, 2023
Heart, US Bank Centre – Cleveland, Boys & Girls Clubs of America, CMA, Private, Comerica, Commercial bank, Trust, Raleigh, North Carolina, Multimedia, Retail, Suite, United Commercial Bank, Wealth management, Real Estate Settlement Procedures Act, Growth, Community development, Private banking, Central business district, Boy, NYSE, Trade Services Utility, Film industry

DALLAS, June 7, 2023 /PRNewswire/ -- Comerica Bank is pleased to announce the expansion of its Fort Lauderdale, Florida, office in Plaza 100, located in the Central Business District at 100 NE 3rd Ave., Suite 900.

Key Points: 
  • DALLAS, June 7, 2023 /PRNewswire/ -- Comerica Bank is pleased to announce the expansion of its Fort Lauderdale, Florida, office in Plaza 100, located in the Central Business District at 100 NE 3rd Ave., Suite 900.
  • "Our office in Plaza 100 shows Comerica's ongoing growth and investment in Florida and across the Southeast," said Comerica Bank Florida Market President Dave Galbreath.
  • "We are excited to serve the needs of our Florida customers in a state-of-the-art facility in the heart of South Florida."
  • Comerica provides more than 400 banking centers across the country with locations in Arizona, California, Florida, Michigan and Texas.

Cambridge Savings Bank Supports ROC USA’s Mission to Improve Affordable Housing Options in the Northeast with $15.3 Million in Lending Since 2021

Retrieved on: 
Wednesday, April 12, 2023
Other Philanthropy, Construction & Property, Finance, Banking, Small Business, Professional Services, Philanthropy, Residential Building & Real Estate, Innes, Partnership, Treasury management, Housing, Freedom, Homelessness, Savings bank, KDE, Royal arms of England, Eviction, Acquisition, CDFI, East Cambridge Savings Bank, Water, Community development financial institution, Caritas Communications, Community development, CSB, Trade Services Utility, Cooperative, Cryptocurrency, Bank, ROC

Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and over $6 billion in assets, today announced that it has provided $15.3 million in financing to ROC USA ® since 2021.

Key Points: 
  • Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and over $6 billion in assets, today announced that it has provided $15.3 million in financing to ROC USA ® since 2021.
  • ROC USA provides training to affiliate nonprofits and homeowners in resident-owned communities (ROCs), as well as financial resources to help families build wealth through collective ownership.
  • The bank also donated to Cambridge Housing Authority and Caritas Communities to support programs focused on combating homelessness in Boston last year.
  • To learn more about CSB’s custom lending solutions, please visit cambridgesavings.com or contact Adam Bispham at [email protected] .

Cambridge Savings Bank Extends $10 Million in Financing to American Gas Products to Support Rapid Growth

Retrieved on: 
Thursday, March 2, 2023
Finance, Oil, Gas, Banking, Energy, Professional Services, Savings bank, Treasury management, CSB, Trade Services Utility, AGP, East Cambridge Savings Bank, Bank

Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and over $6 billion in assets, today announced that it has provided $10 million in financing to American Gas Products (AGP), a full-service national industrial and specialty gas supplier.

Key Points: 
  • Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and over $6 billion in assets, today announced that it has provided $10 million in financing to American Gas Products (AGP), a full-service national industrial and specialty gas supplier.
  • The capital will help finance new equipment, leasehold improvements at AGP’s new headquarters, and refinance existing debt.
  • With this impending leadership transition, AGP will continue to consult with CSB for tailored solutions that can support its robust sales, continued evolution, and growth plans.
  • “CSB is a community bank that’s not just here to execute transactions—we’re here to build real relationships,” said Brian Annese , First Vice President, Senior Corporate Banking Loan Officer Cambridge Savings Bank.