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The $6.4 billion-asset bank said in a press release Tuesday that it has struck a deal with Aperture Media Partners, a film financing company in Los Angeles, to provide loans to the entertainment industry.
October 28 -
First Financial Bancorp (FFBC) in Cincinnati has promoted Brad Ringwald to president of corporate banking. Ringwald joined First Financial in 2006 and has been the president of its specialty finance group since the unit was established three years ago.
March 24
Fifth Third Bancorp in Cincinnati plans to remain in the business of providing mezzanine finance, even though a rival investment management company has hired four of its lenders.
MVC Capital in Purchase, N.Y., on Tuesday said it hired David Williams, Harrison Mullin, David Gardner and Scott Foote. The four bankers will remain in Cincinnati and be assigned to Tokarz Group Advisers, the external manager for MVC. Williams co-founded Fifth Third's mezzanine finance group in 1999.
The $132 billion-asset Fifth Third will continue to provide mezzanine finance as it
Fifth Third has "extended our private placement and advisory capabilities to include second lien debt, mezzanine debt and minority equity," said Greg Kosch, executive vice president and head of Fifth Third's wholesale bank. "We believe this is an important tool for our clients to have as a financing option."