Category :

Commercial Banking Press Releases

Lendistry Becomes a Member of the Federal Home Loan Bank of San Francisco

Lendistry announced today that it has been approved for membership by the Federal Home Loan Bank of San Francisco. The technology-enabled small business lender will leverage the bank to offer affordable commercial real estate financing with a focus on serving…

Signature Bank of Georgia Completes $9.5 Million Capital Raise

Signature Bank of Georgia successfully completed a private placement of 13,533,240 shares at $0.70 per share for gross proceeds of $9.5 million. The offering was oversubscribed by nearly $2 million. The bank intends to use the net proceeds in supporting organic loan…

Contract Simply Uncovers $40 Billion of Excess Costs in Construction Industry

Contract Simply, an automated workflow solution that reduces risk in construction loans, released its 2018 Construction Payments Report today at American Banker’s Digital Banking conference. Contract Simply conducted an industry-wide study to evaluate how slow payments affect development project costs, risks…

First Capital Bancorp Inc. and The First National Holding Company of Jackson Agree to Acquisition Transaction

First Capital Bancorp Inc. and The First National Holding Company of Jackson today announced they have entered into an agreement for First Capital Bancorp to acquire all of the outstanding shares of The First National Holding Company for cash. The transaction is…

Nebraska Small Business Defaults Up in December, Borrowing Down

Nebraska Small Business Defaults Up in December, Borrowing Down

​Data released by PayNet indicate that more small businesses defaulted on loans in Nebraska and the level of borrowing activity worsened in December 2017. The indices suggest that financial conditions in the state may weaken. The PayNet Small Business Default…

Missouri Small Business Defaults Down in December, as is Borrowing

Missouri Small Business Defaults Down in December, as is Borrowing

​Data released by PayNet illustrate that a smaller number of small businesses defaulted on loans in Missouri and the level of borrowing activity fell in December 2017. The data suggest that financial conditions in the state may improve. The PayNet…

Minnesota Small Business Defaults Down in December, Borrowing Up

Minnesota Small Business Defaults Down in December, Borrowing Up

The percentage of small firms defaulting on loans has improved in Minnesota and the level of borrowing activity improved in December 2017, data released by PayNet illustrate. The indices suggest that financial conditions in the state may improve. The PayNet…

New Jersey Small Business Borrowing Stalls in December

New Jersey Small Business Borrowing Stalls in December

PayNet, the premier provider of small business credit assessments on private companies, reports that in December 2017 borrowing is stagnant in New Jersey. Of the 18 major industries, 4 increased and 13 fell in New Jersey. The PayNet Small Business…

Small Business Defaults in North Carolina on the Rise in December

Small Business Defaults in North Carolina on the Rise in December

PayNet, the premier provider of small business credit assessments on private companies, reports that in December 2017 more of North Carolina's small businesses defaulted on existing loans, despite default rates in 9 of the 18 major industries falling in the…

New York Small Business Defaults Fall in December

New York Small Business Defaults Fall in December

PayNet, the premier provider of credit ratings on small businesses, reports that in December 2017 fewer small firms defaulted on loans in New York, with default rates in 12 of the 18 major industries falling in the state. Following a…

Small Business Defaults in Texas Down in December

Small Business Defaults in Texas Down in December

In December 2017, fewer small businesses defaulted on loans in Texas, with default rates in 13 of the 18 major industries falling in the state, data issued by PayNet shows. Despite an 11 basis point dip from November, Texas' PayNet…

Tennessee Small Business Borrowing Stalls in December

Tennessee Small Business Borrowing Stalls in December

PayNet, the leading provider of credit ratings on small businesses, reports that in December 2017 borrowing is stagnant in Tennessee. Of the 18 major industries, 8 increased and 10 fell in Tennessee. The PayNet Small Business Lending Index (SBLI) for…

Small Business Defaults in Michigan on the Rise in December

Small Business Defaults in Michigan on the Rise in December

PayNet, the leading provider of small business credit data and analysis for the commercial and industrial lending industry, reports that in December 2017 a greater number of Michigan's small businesses defaulted on existing loans. Of the 18 major industries, six…

Finexio, the Smart B2B Payment Network, Deepens Its Executive Team With the Hire of Payments Leader Cindy Smith as COO

Finexio, the Smart B2B Payment Network, Deepens Its Executive Team With the Hire of Payments Leader Cindy Smith as COO

Finexio announces today that Cynthia (Cindy) Smith will become Chief Operating Officer of the Orlando-based commercial payments execution company. Smith comes from Meta Financial Group, where as Executive Vice President and COO, she successfully led technology and operations in the…

Lone Oak Fund Reaches $1 Billion in Unleveraged Capital

Lone Oak Fund Reaches $1 Billion in Unleveraged Capital

Lone Oak Fund, LLC, a private debt fund based in West Los Angeles, recently reached $1 billion in unleveraged capital. The Fund increased its capital by 18.46 percent in 2017 alone. Last year, Lone Oak Fund recorded 581 loans totaling…

Small Business Defaults in Louisiana on the Decline in November

PayNet, the leading provider of credit ratings on small businesses, reports that in November 2017 overall defaults decreased within small businesses in Louisiana. Of the 18 major industries, defaults dropped in 16 and rose in only 2 in the state…

Minnesota Small Business Defaults on the Decline in November

PayNet, the premier provider of credit ratings on small businesses, announces that in November 2017 fewer of Minnesota's small businesses defaulted on existing loans, with default rates in 13 of the 18 major industries falling in the state. The PayNet…

Missouri Small Business Defaults Fall in November

In November 2017, fewer small businesses defaulted on loans in Missouri, with default rates in 14 of the 18 major industries falling in the state, data released by PayNet reveals. Despite a 3 basis point dip from October, Missouri's PayNet…

Small Business Borrowing in Ohio Stalls in November

In November 2017, Ohio's small firms borrowed comparably to last month, according to data published by PayNet. Of the 18 major industries, 9 dropped and 9 increased in Ohio. Registering at 107.1, Ohio's PayNet Small Business Lending Index (SBLI) surpassed…

Texas Small Business Defaults Down in November, Borrowing Up

Fewer small businesses defaulted on existing loans in Texas and the level of borrowing activity grew in November 2017, data reported by PayNet show. The data suggest that financial conditions in the state may significantly improve. In spite of a…

Login

Or using ePRNews Account

Don't have an account ? Sign Up

Register New Account

Or form here

Already have an account ? Login

Reset Password

Already have an account ? Login