IBS, N.A. CORP Enters ABL Market through $25MM Agreement with Capital Banking Solutions
FORT LAUDERDALE, FL, USA, September 19, 2013 /EINPresswire.com/ -- FORT LAUDERDALE, FL - Fort Lauderdale-based private equity firm IBS Investment Bank a division of Institutional Banking Services, N.A. CORP (IBS, N.A.) today announced their $25MM agreement to form a strategic partnership with Capital Banking Solutions.
Fort Lauderdale-based private equity firm IBS Investment Bank a division of Institutional Banking Services, N.A. CORP (IBS, N.A.) today announced their $25MM agreement to form a strategic partnership with accounts receivable financier and servicer Capital Banking Solutions, Inc. (CBS) and affiliate Capital Funding Solutions, Inc.(CFS), collectively the “Companies”. On the heels of this announcement, the Companies will be actively seeking to provide small and middle market businesses with secured, asset based lending ("ABL") between $1 and $25 million across the continental United States.
The unique partnership positions the Companies to target what has been a void in small to lower middle market lending. Executives at the Companies also anticipate taking on the role of assisting community banking executives in combating deteriorating net interest margins, interest rate risk and asset diversification challenges.
CFS has been a leader in the accounts receivable finance space since 2003 and IBS, N.A. has been actively working to expand its loan offering by creating additional revenue opportunities. “Having fulfilled our recent strategic objectives we embarked on a thorough review of our options to enter the ABL market and determined without reservation that this partnership is in the best long-term interests of our shareholders, clients and the communities that we serve," said IBS, N.A. CORP Chairman and Chief Executive Officer Jason Jackson.
The combination will strengthen CBS’s position in the asset based lending space by adding significant resources which are typically dedicated to the private equity community. "IBS is the ideal partner to take what we have built to the next stage," said Greg Curly, President of CFS and CBS, adding, "The combination of IBS, N.A.'s access to capital, entrepreneurial culture and savvy professionals, coupled with CFS’s expertise, reputation and track record, will create an added value in the marketplace that will accelerate the growth of both enterprises going forward.”
For more information, call 954-889-5827 or visit www.myinstitutionalbanking.com or www.ibsinvestmentbank.com
Press Release courtesy of Online PR Media: http://bit.ly/16JjEEn
Fort Lauderdale-based private equity firm IBS Investment Bank a division of Institutional Banking Services, N.A. CORP (IBS, N.A.) today announced their $25MM agreement to form a strategic partnership with accounts receivable financier and servicer Capital Banking Solutions, Inc. (CBS) and affiliate Capital Funding Solutions, Inc.(CFS), collectively the “Companies”. On the heels of this announcement, the Companies will be actively seeking to provide small and middle market businesses with secured, asset based lending ("ABL") between $1 and $25 million across the continental United States.
The unique partnership positions the Companies to target what has been a void in small to lower middle market lending. Executives at the Companies also anticipate taking on the role of assisting community banking executives in combating deteriorating net interest margins, interest rate risk and asset diversification challenges.
CFS has been a leader in the accounts receivable finance space since 2003 and IBS, N.A. has been actively working to expand its loan offering by creating additional revenue opportunities. “Having fulfilled our recent strategic objectives we embarked on a thorough review of our options to enter the ABL market and determined without reservation that this partnership is in the best long-term interests of our shareholders, clients and the communities that we serve," said IBS, N.A. CORP Chairman and Chief Executive Officer Jason Jackson.
The combination will strengthen CBS’s position in the asset based lending space by adding significant resources which are typically dedicated to the private equity community. "IBS is the ideal partner to take what we have built to the next stage," said Greg Curly, President of CFS and CBS, adding, "The combination of IBS, N.A.'s access to capital, entrepreneurial culture and savvy professionals, coupled with CFS’s expertise, reputation and track record, will create an added value in the marketplace that will accelerate the growth of both enterprises going forward.”
For more information, call 954-889-5827 or visit www.myinstitutionalbanking.com or www.ibsinvestmentbank.com
Press Release courtesy of Online PR Media: http://bit.ly/16JjEEn
Gino Piompino
Institutional Banking Services, N.A. CORP
954-889-5827 ext 804
email us here
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