LYCOS RETRIEVER 
Bank: Business Bank
built 288 days ago
MILWAUKEE, April 25 /PRNewswire/ -- First Business Bank is now offering mezzanine funding to Milwaukee-area clients through an investment with Aldine Capital Fund, L.P. (in Wisconsin and Illinois) to provide funding between $2 million and $8 million in investment size. Mezzanine financing... referred to as "mezzanine capital" or "junior capital," allows borrowers to obtain unsecured debt financing based on cash flow rather than traditional collateral. It is a tool that can fill the financing gap that often occurs between owners' equity and traditional bank financing, where the maximum bank loan might be capped by collateral requirements or other limitations. Mezzanine financing is most often used for financing growth, re-capitalization, acquisitions or ownership changes.
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SAN FRANCISCO, Jan. 7 /PRNewswire/ -- Bank of America California President Janet Lamkin today announced that Emily Shanks will resume her role as East Bay market president. Shanks will succeed Steve Silvestri, who retired from the company at the end of 2007 following a 32 year career with the bank. Shanks, who served as market president from 2001 to 2004, will retain her current role as Business Banking market executive for the Greater Bay Area.
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Bank of America's volume of government business has grown significantly in 2007 following a renewed emphasis in Bank of America's retail loan channels. Applications for government loan programs have increased to about 18 percent of total volume in the retail sales channel, up from the low single digits in 2006.
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Ranked among the top one percent of all banks in the nation*, Countrywide Bank's distinctive business model, which leverages parent company Countrywide Financial Corporation's existing infrastructure, has proven successful. The unique low-overhead strategy of providing small, expertly staffed financial centers instead of large, costly, traditional bank branches helps pass the savings on to consumers in the form of higher rate CDs and other savings products.
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Banks provide almost all payment services, and a bank account is considered indispensable by most businesses, individuals and governments. Non-banks that provide payment services such as remittance companies are not normally considered an adequate substitute for having a bank account.
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Solero's extensive experience managing both global and regional human resources and business operations in the financial services sector fits perfectly at Provident Bank which has expanded swiftly since 1999. The bank has doubled its number of branches and captured the No. 1 market share in Orange County. The bank's expansion has accelerated over the last 2 years by means of organic growth and acquisitions taking the employee population from 250 in 2001 to approximately 450 today. Upon completion of its pending merger with Warwick Savings Bancorp, the workforce number will grow to approximately 600 making Provident Bank an employer of choice in the Hudson Valley region.
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