Sen. Bob Corker (R-Tenn.), a major advocate for a bipartisan restructuring plan, said his office saw a wave of interest in reform from other lawmakers following Mr. Obamas speech. Members of both houses of Congress had already been working on proposals.
Siena Lending Group Closes Credit Facility With Wells Fargo Capital Finance
Asset Based Lending Division of Bank of Ireland. Bank of Ireland’s $1.2 billion U.S. ABL portfolio was sold to Wells Fargo in 2012, and the core team was re-launched as Siena. “Wells Fargo will further enhance our strong foundation and enable us to continue providing dependable funding to our customers,” said David Grende, Siena’s President and CEO. He added, “Our business model targets companies that may have unique financing needs that may not fit into the credit profile of traditional bank lending. Our funding from Wells Fargo is a key component that will help us expand and meet our business objectives.” About Siena Lending Group Siena Lending Group is an independent commercial finance company offering asset based loans between $1 and $20 million to small and middle market businesses across the United States.