Two new heads of business development for Ex-Im Bank

Two seasoned financial and banking services executives have been named to head business development at the Export-Import Bank of the United States (Ex-Im Bank), senior vice president and head of Export Finance Jeffrey Miller announced.

Michigan bank buys Manchester Commercial Finance

Manchester Commercial Finance, an Edina-based financial services provider that specialises in asset-based lending to small- and medium-sized companies (SMEs), has been bought by Crestmark Bank. Terms of the transaction were not disclosed.

FactorHelp announces new managing director

FactorHelp announced that a 20-year veteran in the factoring and small asset-based lending (ABL) industries, Thomas G. Siska, has joined the firm as managing director.

Ex-Im Bank announces top lenders 2003

The Export-Import Bank of the United States (Ex-Im Bank) has announced its top lenders for fiscal year 2003, ranked by the amount authorised by Ex-Im Bank for loan guarantees, working capital loan guarantees, export credit insurance, and direct lo

New head for Wachovia’s asset-based syndicate

Wachovia has announced that Barry Bobrow has joined the loan syndications group as managing director and head of the asset-based syndicate. Bobrow will report to Eric Lloyd, managing director, head of loan syndications.

Ex Reagan aide accused of $52,000 factoring fraud

A former top US Environmental Protection Agency (EPA) official was indicted yesterday on federal charges alleging she schemed to fraudulently get money from a client who hired her Oceanside company.

Factor’s parent reports 2003 financial results

Raybor Management, Inc., a rapidly growing holding company, which includes factoring company Freedom Financial, announced financial results for the year ended 31 December 2003 in its Form 10-KSB filed with the Securities and Exchange Commission (S