WSFS Financial Corporation (Nasdaq: WSFS), the parent company of WSFS Bank, announced today that David Burg will join the Company as Executive Vice President, Chief Financial Officer on August 15, 2024. In this role, Burg will be responsible for leading the Company's financial operations and strategy, including Financial Planning and Analysis, Accounting and Financial Reporting, Treasury, and Investor Relations.

Capchase, the revenue acceleration platform for Software-as-a-Service (SaaS) companies, today announced it has secured a €105 million credit facility warehouse led by Deutsche Bank. This new financing contributes to the more than $1 billion in combined debt and equity financing Capchase has received since its founding in 2020.

Byline Sponsor Finance (“BSF”), a division of Byline Bank, announced that it has provided financing to support the recapitalization of Tracked Lifts, a portfolio company of Tenaz Capital. BSF was represented by Duane Morris, LLP.

Avant Advisory Group is a premier, operationally focused financial advisory and management consulting firm.

Republic Business Credit, a nationally recognized commercial finance company, is expanding its Houston office to support the firm’s regional leader and SVP, Business Development, Houston, William Kemp. This expansion will boost Republic’s client base and help the company take on new factoring and lending opportunities nationwide.

Churchill Asset Management and Arcmont Asset Management, the U.S. and European asset management companies of Nuveen Private Capital, today announced the continued expansion of their U.S. client coverage capabilities with the appointment of Marc Gonyea and Chris Davis as Managing Directors.

WhiteHawk Capital Partners, LP ("WhiteHawk"), a private credit investment manager focused on asset-based financing solutions, announced it has entered into an agreement with MediaCo Holding, Inc. (“MediaCo”) to provide a $45 million first lien term loan facility (the "Facility") on April 17th, 2024. MediaCo used proceeds of the Facility to finance an acquisition of Estrella Media’s network, content, digital, and commercial operations.

For the first time, Wells Fargo’s Commercial Banking team will have a leader dedicated to setting the strategy for growing and overseeing commercial banking relationships with Asian American and Pacific Islander-owned and -led businesses nationwide. As the Asian segment leader, Andrew Moy will help tailor solutions to support their business growth, access to capital, and individual wealth-building needs.

eCapital Corp. ("eCapital"), a leading tech-enabled finance provider specializing in tailored solutions for businesses across North America and the United Kingdom, has successfully funded a $3.5 million factoring facility for an esteemed book publishing company.

$10 million Tiger Group sale features more than 100 fleet-suitable EVs, along with e-motors, battery packs, auto parts and advanced equipment such as dynamometers and laser-cutters

LSQ, a leading provider of working capital and payments management solutions, recently announced a strategic supply chain finance partnership with Ecobat, a distinguished leader in sustainable energy solutions. This collaboration marks a pivotal moment in bolstering supplier health and generating vital working capital for Ecobat.

The Hedaya Capital Group provided a $1 million factoring facility to a footwear company that created a new category in the space with a shoe that sits at the intersection of the driving loafer and the boat shoe. Based in Dallas, the lightweight, waterproof and fashion-forward shoe brand launched on Kickstarter in 2017.

Monroe Capital LLC (“Monroe”) announced it acted as administrative agent and joint lead arranger on the funding of a senior credit facility and equity co-investment to support the acquisition of Cam Tran Co. Ltd. (“Cam Tran”), by Central Moloney, Inc. (“CMI”). CMI is an existing portfolio company of Wind Point Partners.

- West Coast Community Bancorp (OTCQX: "SCZC") ("Bancorp"), the holding company for Santa Cruz County Bank ("Bank"), headquartered in Santa Cruz, California, and 1st Capital Bancorp (OTCQX: "FISB"), the holding company for 1st Capital Bank, headquartered in Salinas, California, jointly announced today that they have entered into an agreement and plan of reorganization and merger (the "Agreement"), pursuant to which 1st Capital Bancorp will merge with and into West Coast Community Bancorp in an all-stock transaction valued at approximately $63 million.

BankUnited Inc. (NYSE: BKU) announced it has hired Ernie Diaz as senior executive vice president, consumer & commercial/small business executive to lead the bank’s consumer, small business and commercial banking teams, effective Wednesday, May 29, 2024.

Leading global professional services firm Alvarez & Marsal announced the formation of its Alvarez & Marsal Legal Services (AMLS) business, which will provide management and consulting services to law firms worldwide. AMLS gives access to world-class technology and outsourcing services to improve the effectiveness and efficiency of back-office functions including finance, human resources and legal operations, such as document management.

Specialist business lending provider Simply Asset Finance has successfully gone live with Lendscape’s Asset Finance platform, marking a critical milestone for the business as it looks to optimise business growth and further improve customer experience.

Aquila Air Capital (“Aquila”), a leading engine lessor focused on end-of-life solutions, announced the successful execution of new financing for $100 million, upsizing the lessor’s current term loan facility to $200 million. Deutsche Bank acted as Sole Structuring Agent and Underwriter for the financing.

Peloton Interactive, Inc. ("Peloton") (Nasdaq: PTON) today announced that it intends to launch a global refinancing, pursuant to which it will offer $275.0 million aggregate principal amount of convertible senior notes due 2029 (the "notes") in a private offering (the "offering") and enter into a $1.0 billion five-year term loan facility (the "new term loan facility") and a $100.0 million five-year revolving credit facility (together with the new term loan facility, the "new credit facilities").

Many business owners may not realize that their bank can be a strategic partner, offering more than just a checking or savings account for their businesses. Small businesses' banking partners are often deeply invested in their success and impact on their communities, offering services beyond financial product expertise by also providing valuable advice during uncertain times.