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Article: Guess Who's Coming to Lend? Regional banks are no longer content todo business in sleepy markets and are ready to stake money on LBO finance.(Cover Story)
- Article from:
- Investment Dealers' Digest
- Article date:
- November 13, 2009
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Byline: Kelly Holman
When Tim Clifford first worked up his business plan for a team that would finance mergers and acquisitions of smaller companies,he didn't think of shopping the idea to a regional bank, much less one in New York that was founded by a labor union in the 1920s.
Headquarterednear Manhattan's once-bustling garment district on Seventh Avenue, Amalgamated Bank wants to stake money for mergers and buyouts of small and midmarket companies. This week it helped finance a private-equity firm's investment in a medical device company.
Amalgamated joins a growing number of small banks looking to finance transactions for a market long ...