Category Archives: Banking

Texas Bankers Association Partners with Ascribe to Offer Texas Banks Competitive, Reliable Valuation Services

AUSTIN, Texas, March 19, 2026 (SEND2PRESS NEWSWIRE) — The Texas Bankers Association (TBA), the nation’s largest state-based banking trade organization, today announced its endorsement of Ascribe, a leading national provider of valuation, evaluation, property inspection, and REO (real estate owned) services. Approved by the TBA Services Company, Inc. (TBASCO) Board of Directors, the endorsement gives Texas banks access to high-quality valuation services, competitive pricing, and fully insured support for both commercial and residential properties.

Image caption: Ascribe logo.

“We are excited to partner with Ascribe to offer our bank members competitive and reliable valuation services,” said Ben Buehler, president of TBASCO. “Ascribe combines the strength of a national valuation provider with the flexibility to meet the unique needs of our member banks—delivering broad expertise while maintaining a strong focus on service and responsiveness.”

With a strong nationwide footprint and an extensive product offering, Ascribe provides coverage across Texas and the United States, enabling TBA member banks to work with a single provider regardless of location, asset type, or order volume. Ascribe is equipped to value properties of any type and complexity. Banks also benefit from dedicated client support teams committed to understanding each institution’s specific operational and risk management needs.

Ascribe appraisals undergo a rigorous quality control (QC) process designed to ensure regulatory compliance and consistent report quality. QC reviews are conducted by Certified General appraisers—many with decades of experience—who provide independent oversight, constructive feedback, and guidance. This disciplined approach strengthens risk management and supports customized reporting options aligned with each bank’s policies and requirements.

COMMERCIAL AND RESIDENTIAL VALUATION SERVICES INCLUDE:

Commercial appraisal and evaluation services
Residential appraisal and evaluation services
Appraisal reviews
Automated valuation models (AVMs)
Broker price opinions (BPOs)
Desktop appraisals
Property condition reports (PCRs)
Property data collection (PDC), bifurcated appraisals, and hybrid evaluations
Reconciliation services
Property inspections

TBA members are invited to learn more about Ascribe during an informational webinar taking place Wednesday, April 8 at 11:00am CT. Registration details and a link to register are available here – https://ascribeval.zoom.us/webinar/register/WN_zEt8QLToT2KnrNOp4r0nyQ#/registration

ABOUT TEXAS BANKERS ASSOCIATION

The Texas Bankers Association (TBA), founded in 1885, is America’s oldest and largest state banking association. TBA advocates for almost 400 member banks in Austin and Washington, trains more than 20,000 community bankers annually, provides nationally recognized bank services, and invests in Texas communities through financial literacy, scholarships and charitable activities. To learn more, visit https://www.texasbankers.com/.

ABOUT ASCRIBE

Ascribe provides a full suite of commercial and residential property valuations, evaluations, property inspections, and REO asset management services to the financial industry. Ascribe is authorized to conduct business in all fifty States, Puerto Rico, Guam, and the U.S. Virgin Islands. Ascribe holds an AMC license in all required states.

Ascribe specializes in helping its customers effectively meet service and compliance requirements while limiting the financial risks associated with property matters in mortgage origination, servicing, default, and capital markets. To learn more, visit https://www.ascribeval.com/.

Ascribe logo link for media: https://www.ascribeval.com/wp-content/uploads/2022/09/Ascribe-Main-Logo-White-Text-1.png

NEWS SOURCE: Ascribe

This press release was issued on behalf of the news source (Ascribe), who is solely responsible for its accuracy, by Send2Press Newswire. Image, if any, was provided by the news source and not this website or the wire service. Information is believed accurate, as provided by the news source, but is not guaranteed.

To view the original story, visit: https://www.send2press.com/wire/texas-bankers-association-partners-with-ascribe-to-offer-texas-banks-competitive-reliable-valuation-services/

The Mortgage Collaborative and Mortgage Bankers Association announce partnership agreement

SAN DIEGO, Calif., Feb. 9, 2026 (SEND2PRESS NEWSWIRE) — The Mortgage Collaborative (TMC), the nation’s largest independent cooperative network for mortgage lenders and the Mortgage Bankers Association (MBA), the national association representing the real estate finance industry, announced today that they have entered into a strategic partnership to expand advocacy, education and engagement opportunities for their members.

Image caption: The Mortgage Collaborative and Mortgage Bankers Association announce partnership agreement.

The partnership is designed to strengthen connections between independent lenders and national industry advocacy by creating new pathways for lender perspectives to be elevated and shared. MBA will engage with TMC members through advocacy-focused discussions, programming, panels and webinars that reflect real-world lender experiences and priorities.

“TMC and MBA share a commitment to advancing the mortgage industry through education, advocacy and collaboration,” said Jodi Hall, president and CEO of The Mortgage Collaborative. “This partnership was formed after thoughtful consultation with our advisory council, lender advocacy committee leaders and lender members to ensure it aligns with the needs and values of our network.”

The collaboration is structured to preserve TMC’s lender-led model while expanding opportunities for member voices to be heard at the national level.

“The goal is to create stronger pathways for lender perspectives to be heard while giving members optional access to additional resources so they can engage at the level that fits them,” Hall said. “The partnership is designed to add value and amplify member voices.”

From MBA’s perspective, the partnership expands its connection to independent mortgage lenders and their on-the-ground experiences, helping to better inform broader industry conversations and initiatives.

“MBA is the leading voice for the real estate finance industry and we draw our strength and credibility from the active engagement of a diverse cross-section of members of all sizes and business models,” said Bob Broeksmit, CMB, president and CEO of MBA. “Increasing participation of TMC lender members in MBA advocacy and education activities will help build an even stronger industry.”

Through the partnership, MBA will offer exclusive benefits to the TMC lender network. Current TMC lender members interested in learning more are encouraged to contact their member benefits advocate. Lenders interested in exploring membership with The Mortgage Collaborative may contact referrals@mtgcoop.com for additional information.

About The Mortgage Collaborative

The Mortgage Collaborative (TMC) is a membership-driven organization that empowers mortgage lenders across the United States through networking, education, and advocacy. TMC fosters an environment of collaboration and innovation, ensuring its members succeed regardless of market conditions. For more information, visit mortgagecollaborative.com

About Mortgage Bankers Association

The Mortgage Bankers Association (MBA) is the national association representing the real estate finance industry, an industry that employs more than 275,000 people in virtually every community in the country. Headquartered in Washington, D.C., the association works to ensure the continued strength of the nation’s residential and commercial real estate markets, to expand homeownership, and to extend access to affordable housing to all Americans. MBA promotes fair and ethical lending practices and fosters professional excellence among real estate finance employees through a wide range of educational programs and a variety of publications. Its membership of more than 2,000 companies includes all elements of real estate finance: independent mortgage banks, mortgage brokers, commercial banks, thrifts, REITs, Wall Street conduits, life insurance companies, credit unions, and others in the mortgage lending field. For additional information, visit MBA’s website: mba.org

NEWS SOURCE: The Mortgage Collaborative

This press release was issued on behalf of the news source (The Mortgage Collaborative), who is solely responsible for its accuracy, by Send2Press Newswire. Image, if any, was provided by the news source and not this website or the wire service. Information is believed accurate, as provided by the news source, but is not guaranteed.

To view the original story, visit: https://www.send2press.com/wire/the-mortgage-collaborative-and-mortgage-bankers-association-announce-partnership-agreement/

PNC Bank Expands Use of Automation from Dark Matter Technologies to Advance Mortgage and Home Equity Innovation

PNC Bank deepens partnership with Dark Matter Technologies to streamline loan operations, enhance decision-making and accelerate its transition to intelligent automation across lending channels

JACKSONVILLE, Fla., Oct. 21, 2025 (SEND2PRESS NEWSWIRE) — Dark Matter Technologies (Dark Matter®), an innovative leader in mortgage technology, today announced that PNC Bank, part of the PNC Financial Services Group, Inc., will extend its use of Dark Matter’s cutting-edge mortgage solutions under a new contract to enhance PNC’s mortgage and home equity lending operations.

Image caption: PNC Bank Expands Use of Automation from Dark Matter Technologies.

Since 2010, PNC Bank has used the Empower® LOS platform from Dark Matter as its core loan origination system to streamline lending processes and improve operational efficiency. The Empower LOS relies on exception-based processing so its human experts can concentrate on higher-level decision-making.

Through extensive use of Dark Matter’s Exchange℠ Service Network and front-end solutions that provide digital lending and account opening solutions, PNC Bank is creating a more efficient, responsive lending environment. Under the new initiative, PNC Bank will expand its use of Dark Matter’s Orchestration Engine, the core workflow automation layer within the Empower LOS that enables intelligent, task-based processing and interoperability with its tools, to improve overall lending efficiency across mortgage and home equity operations.

“Our long-standing partnership with PNC Bank is a testament to our commitment to delivering innovative technological solutions that transform mortgage lending,” said Sean Dugan, CEO of Dark Matter. “By continuously evolving our Empower platform and suite of solutions, we’re helping clients like PNC Bank streamline operations, reduce complexity and create more efficient lending experiences.”

About PNC Bank:

PNC Bank, National Association, is a member of The PNC Financial Services Group, Inc. (NYSE: PNC). PNC is one of the largest diversified financial services institutions in the United States, organized around its customers and communities for strong relationships and local delivery of retail and business banking including a full range of lending products; specialized services for corporations and government entities, including corporate banking, real estate finance and asset-based lending; wealth management and asset management. For information about PNC, visit: https://www.pnc.com/.

About Dark Matter Technologies:

Operating with the nimble nature of a startup and the disciplined maturity of one of the industry’s leading providers, Dark Matter Technologies delivers powerful technology with unparalleled automation and relentless innovation to leading mortgage lenders, servicers and companies nationwide. For more information, visit https://dmatter.com/.

Twitter: @dmattertech #fintech #mortgage

Logo link for media: https://dmatter.com/wp-content/uploads/dark-matter-tech-logo.svg

NEWS SOURCE: Dark Matter Technologies

This press release was issued on behalf of the news source (Dark Matter Technologies), who is solely responsible for its accuracy, by Send2Press Newswire. Image, if any, was provided by the news source and not this website or the wire service. Information is believed accurate, as provided by the news source, but is not guaranteed.

To view the original story, visit: https://www.send2press.com/wire/pnc-bank-expands-use-of-automation-from-dark-matter-technologies-to-advance-mortgage-and-home-equity-innovation/

Yiftee Enables Contactless ‘Tap & Go’ Payments, Teaming Up with Mastercard and Silicon Valley Bank, a division of First Citizens Bank

Collaboration Brings Added Convenience and Security when Redeeming Community Cards at Local Businesses

MENLO PARK, Calif., June 3, 2025 (SEND2PRESS NEWSWIRE) –– Yiftee, a leading provider of Community Cards that “Keep Local Dollars Local,” announced the launch of contactless Tap & Go capabilities for their virtual Community Cards that support over 700 communities and over 20,000 local businesses. Developed with Mastercard and Silicon Valley Bank, a division of First Citizens Bank, this latest innovation is expected to help drive spending to local shops and restaurants across the country, fueling the “shop local” movement.

Image caption: Tap & Go payments are now available for Yiftee Community Cards and eGift Cards at over 20,000 local shops and restaurants, for added convenience and security.

Contactless payments today account for more than two in every three in-person transactions globally on Mastercard’s network as shoppers and merchants continue to prioritize faster, safer and simpler payments experiences. Now, Community Card (CommCard) recipients can enjoy this added convenience, increasing the cards’ already widespread applications. For example, employers buy them for employee recognition programs, non-profits use them for volunteer appreciation, and local governments distribute funds for programs such as “shop local” campaigns, disaster recovery, mitigating construction disruption, and tourism. The funds remain in the community, benefiting its local businesses in addition to card recipients.

Local businesses can join a Yiftee Community Card program in their area at no cost and with no special equipment required, which helps them access new digital payments opportunities to support their growth. Built on Mastercard In Control for Mobile Payments, which helps enhance commercial card programs leveraging tokenization, Yiftee’s CommCard program will benefit users by providing secure and convenient digital cards that can be used anywhere Tap & Go contactless payments are accepted. Additionally, this helps local businesses increase acceptance and stay top of mind for customers whenever they open their digital wallet. For innovative FinTech solution providers like Yiftee, Mastercard’s In Control for Mobile Payments enables the seamless integration of virtual card numbers into digital wallets. These virtual card numbers come with robust built-in security features, ensuring that transactions are secure and protected against fraud.

“Mastercard is thrilled to team up with Yiftee to bring the power of contactless payments to their Community Cards and neighborhoods across the country,” said Mary Beth Livengood, Executive Vice President, Corporate Solutions, North America, Mastercard. “By combining our Tap & Go capabilities and In Control for Mobile Payments technology with Yiftee’s solution, we’re delivering a secure, convenient digital card experience—one that supports local businesses and helps fuel vibrant, thriving communities.”

“Since launching CommCards in 2018, they have taken off as an efficient way to share the fun experience of unique local businesses in an area while giving back to the community,” said Donna Novitsky, Yiftee CEO, “With contactless technology, we expect our customers to find even more creative uses for CommCards given the added convenience and security at checkout.”

“Silicon Valley Bank is proud to support Yiftee with its Tap & Go rollout,” said Jon Oakes, Managing Director of Commercial Cards. “Yiftee’s work in helping local merchants access new technologies and revenue streams is key to building resilient and thriving communities.”

Communities across the country use their CommCards to attract visitors and keep their spending local. In Utah, for example, Park City has launched their Mountainkind CommCard as a booking incentive for hotels, events, and experiences, guiding their visitors through local attractions. The Mountainkind CommCard has driven more than $50,000 in spending into local businesses in its first six months.

The Tap & Go collaboration is helping reshape local commerce—simplifying transactions, boosting economic development, and driving foot-traffic to local businesses in neighborhoods, towns and cities across the country.

About Yiftee:

Yiftee is the leading provider of Community Cards (CommCards), empowering local economies by driving revenue and foot traffic to local businesses. Operating in over 700 U.S. cities and serving 20K local merchants, Yiftee’s digital cards keep millions of dollars circulating locally each year. Cities nationwide use CommCards for economic development, tourism promotion, disaster recovery, workforce education, and more. Organizations and residents purchase CommCards online for employee rewards, tourism, and customer appreciation. Download the Yiftee iPhone app today and join the Shop Local movement. Learn more at https://yiftee.com/.

About Silicon Valley Bank, a division of First Citizens Bank:

Silicon Valley Bank (SVB), a division of First Citizens Bank, is the bank of some of the world’s most innovative companies and investors. SVB provides commercial banking to companies in the technology, life science and healthcare, private equity and venture capital industries. SVB operates in centers of innovation throughout the United States, serving the unique needs of its dynamic clients with deep sector expertise, insights and connections. SVB’s parent company, First Citizens BancShares, Inc. (NASDAQ: FCNCA), is a top 20 U.S. financial institution with more than $200 billion in assets. First Citizens Bank, Member FDIC. Learn more at https://www.svb.com/.

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Image caption: Tap & Go payments are now available for Yiftee Community Cards and eGift Cards at over 20,000 local shops and restaurants, for added convenience and security.

NEWS SOURCE: Yiftee Inc.

This press release was issued on behalf of the news source (Yiftee Inc.), who is solely responsible for its accuracy, by Send2Press Newswire. Image, if any, was provided by the news source and not this website or the wire service. Information is believed accurate, as provided by the news source, but is not guaranteed.

To view the original story, visit: https://www.send2press.com/wire/yiftee-enables-contactless-tap-go-payments-teaming-up-with-mastercard-and-silicon-valley-bank-a-division-of-first-citizens-bank/

Matrix Advises on the Sale of PMI Lubricants to Wallis Lubricants, LLC

RICHMOND, Va., and BALTIMORE, Md., Feb. 6, 2025 (SEND2PRESS NEWSWIRE) — Matrix Capital Markets Group, Inc. announces the successful sale of PMI Lubricants (“PMI” or the “Company”), a portfolio company of Dunne Manning, to Wallis Lubricants, LLC. PMI is a leading Mid-Atlantic provider of lubricants, diesel exhaust fluid, and ancillary products to retail, commercial, and industrial customers throughout Virginia and parts of Tennessee, West Virginia, and North Carolina. The Company operates five facilities throughout Virginia and is the exclusive Mobil-branded lubricants distributor throughout most of Virginia and northeastern Tennessee.

Image caption: Matrix Capital Markets Group, Inc.

PMI Lubricants has been operating since the mid-90s and was originally a division of Petroleum Marketers, Inc., which was a well-established Virginia-based company with diverse operations including retail, wholesale, quick service restaurants, lubricants, etc. In 2014, as part of the larger sale of Petroleum Marketers, Inc., Dunne Manning acquired PMI. In 2016, the Company divested its other major brands to build an exclusive partnership with ExxonMobil and refocused on growing Mobil and its private label volume. In 2020, PMI acquired Mobil Auto Parts Company of Winchester and then grew further when it assumed Carter Machinery’s industrial, Mobil-branded business in August of 2023. The acquisition of Carter’s industrial accounts paved the way for the Company to become a delivery agent for Carter’s Caterpillar-branded business, which PMI began servicing in June.

Matrix provided merger and acquisition advisory services to PMI Lubricants, which included valuation advisory, marketing the business through a confidential, structured sale process, and negotiation of the transaction. The transaction was managed by Andrew LoPresti, CFA, CPA, Director; Spencer Cavalier, CFA, Co-Head of Matrix’s Downstream Energy & Convenience Retail Investment Banking Group; and Matthew Paniccia, Associate.

The Dunne Manning leadership team commented, “We greatly appreciated the guidance and expertise we experienced working alongside Spencer, Andrew and the entire team at Matrix throughout this process. They were excellent partners. We are greatly appreciative of Kathy Draper and her leadership team at PMI Lubricants for their efforts in building a best-in-class lubricants business across the Commonwealth of Virginia. The Wallis team shares many of the same values and goals we have focused on in building PMI Lubricants and know they will be focused on continuing that legacy.”

Mr. Cavalier of Matrix added, “We are honored to have advised Dunne Manning on the divestment of PMI Lubricants. PMI is a very well-managed lubricants distributor, led by the talented Kathy Draper. Lastly, we would like to thank the Dunne Manning leadership team, who are exceptional, long-term investors.”

About Matrix’s Downstream Energy & Convenience Retail Investment Banking Group

Matrix’s Downstream Energy & Convenience Retail Investment Banking Group is recognized as the national leader in providing transactional advisory services to companies in the downstream energy and multi-site retail sectors including convenience retailing, petroleum marketing & distribution, propane distribution, heating oil distribution, lubricants distribution, petroleum logistics, terminals, car washes and quick service restaurants. Group members are dedicated to these sectors and draw upon complementary experiences to provide advisory services to complete sophisticated merger and acquisition transactions, debt and equity capital raises, corporate valuations, special situations and strategic planning engagements. Since 1997, our Downstream Energy & Convenience Retail Investment Banking Group has successfully completed over 300 engagements.

About Matrix Capital Markets Group, Inc.

Founded in 1988, Matrix Capital Markets Group, Inc. is an independent, advisory focused, privately-held investment bank headquartered in Richmond, VA, with an additional office in Baltimore, MD. Matrix provides merger & acquisition and financial advisory services for privately-held, private-equity owned, not-for-profit and publicly traded companies. Matrix’s advisory services include company sales, recapitalizations, capital raises of debt & equity, corporate carve outs, special situations, management buyouts, corporate valuations and fairness opinions.

Our industry focused, dedicated sector advisory groups serve clients in the automotive aftermarket, downstream energy & convenience retail, healthcare and outdoor recreation & marine markets. Our broad sector advisory groups serve clients in a wide range of industries including business services, consumer, diversified industrials, restaurants and transportation & logistics. For additional information or to contact our team members, please visit https://matrixcmg.com/.

Securities offered by MCMG Capital Advisors, Inc., an affiliate of Matrix Capital Markets Group, Inc., Member FINRA & SIPC

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NEWS SOURCE: Matrix Capital Markets Group Inc.

This press release was issued on behalf of the news source (Matrix Capital Markets Group Inc.), who is solely responsible for its accuracy, by Send2Press Newswire. Image, if any, was provided by the news source and not this website or the wire service. Information is believed accurate, as provided by the news source, but is not guaranteed.

To view the original story, visit: https://www.send2press.com/wire/matrix-advises-on-the-sale-of-pmi-lubricants-to-wallis-lubricants-llc/

ACES Quality Management now supplies audit technology to six of the top 20 largest U.S. credit unions

New clients - including State Employees Credit Union of North Carolina, Lake Michigan Credit Union and Arizona Financial Credit Union - choose ACES to bolster risk management, member service

DENVER, Colo., Nov. 12, 2024 (SEND2PRESS NEWSWIRE) — ACES Quality Management® (ACES), the leading provider of enterprise quality management and control software for the financial services industry, announced the addition of 10 credit unions to its growing customer base. These organizations leverage ACES Quality Management & Control Software® to improve quality and mitigate risk across multiple internal areas, including mortgage lending, consumer lending, deposit accounts and more.

Image caption: ACES Quality Management.

Credit unions have moved onto the ACES platform to automate quality control and build a second line of defense to support mortgage and consumer lending. ACES Quality Management & Control Software streamlines auditing workflow to improve speed, find pockets of risk and enhance the member experience. Robust quality, root cause and trend reporting assists with regulatory, executive and investor requirements, while the ACES compliance engine automates over 14,000 regulatory tests for mortgage origination, servicing and consumer lending.

“For over a century, credit unions have thrived by staying true to their mission of serving members with transparency and integrity,” said ACES CEO Trevor Gauthier. “At ACES, we help them continue that proud legacy with a unified platform that supports credit unions of all sizes in maintaining the highest standards of quality for their mortgage and consumer lending members. The ACES platform not only streamlines internal processes but also offers a comprehensive view of lending quality—empowering executives and staff to uphold the trust their members have placed in them and affirming regulators’ confidence in their lending practices.”

The additions to ACES’ client roster include:

Arizona Financial Credit Union
Lake Michigan Credit Union
State Employees Credit Union of North Carolina

“Moving to the ACES platform has allowed our internal quality control team to maneuver through a large volume of audits with ease and accuracy,” said Patrick Smith, senior director of operations administration at Arizona Financial Credit Union. “It has been a game-changer for our leadership team to gain useful insights into common errors, and it has allowed for more robust and effective coaching opportunities.”

About ACES Quality Management

ACES Quality Management is the leading provider of enterprise quality management and control software for the financial services industry. The nation’s most prominent lenders, servicers and financial institutions rely on ACES Quality Management & Control Software® to improve audit throughput and quality while controlling costs, including:

70% of the top 20 independent mortgage lenders;
7 of the top 10 loan servicers;
11 of the top 30 banks; and
3 of the top 5 credit unions in the United States.

Unlike other quality control platforms, only ACES delivers Flexible Audit Technology, which gives independent mortgage lenders and financial institutions the ability to easily manage and customize ACES to meet their business needs without having to rely on IT or other outside resources. Using a customer-centric approach, ACES clients get responsive support and access to our experts to maximize their investment. For more information, visit www.acesquality.com or call 1-800-858-1598.

NEWS SOURCE: ACES Quality Management

This press release was issued on behalf of the news source (ACES Quality Management), who is solely responsible for its accuracy, by Send2Press Newswire. Image, if any, was provided by the news source and not this website or the wire service. Information is believed accurate, as provided by the news source, but is not guaranteed.

To view the original story, visit: https://www.send2press.com/wire/aces-quality-management-now-supplies-audit-technology-to-six-of-the-top-20-largest-u-s-credit-unions/

Matrix Advises on the Sale of Dana Safety Supply, Inc. to AEA Investors

DSS is the premier provider of emergency vehicle equipment, installations, tactical gear and related accessories to the emergency services market

RICHMOND, Va., and BALTIMORE, Md., Oct. 16, 2024 (SEND2PRESS NEWSWIRE) – Matrix Capital Markets Group, Inc., a leading independent investment bank, is pleased to announce the sale of Dana Safety Supply, Inc. (DSS) to AEA Investors. Prior to the sale, DSS was a wholly-owned subsidiary of Scott McRae Automotive Group, LLLP (SMAG).

Image caption: Matrix Capital Markets Group, Inc.

DSS is the premier provider of emergency vehicle equipment, installations, tactical gear and related accessories to the emergency services market. With 40 locations nationwide, they have grown into the go-to source for vehicle upfitting and tactical gear services for local, city, state, and federal departments, as well as fleet managers, dealerships, and non-department fleet operators. Founded in 2005 and acquired by SMAG in 2010 with just six locations, the company has grown to its present scale through both organic (greenfield) and acquisitive expansion. Leading the charge since the time of the acquisition has been David Russo, Chief Executive Officer of DSS. Mr. Russo is one of the most experienced and respected professionals in the emergency services marketplace and has guided the company to its current position as the largest vehicle upfitter in the industry, with over 500 valued employees supporting operations.

Regarding the transaction, Mr. Russo commented, “DSS has been growing steadily over the past 15 years, and as we continue on our path of future growth in all areas of the country, finding the right partner is crucial to our success. We were very fortunate to have many options in this regard, and after a long evaluation process, it was clear that AEA was the right partner for DSS. AEA’s pristine reputation, financial resources, and 50-plus-year track record of success are some of the many reasons we chose AEA as our partner.”

He added, “We have been unbelievably fortunate to have been part of SMAG and its 100-year history of remarkable stability and success. We are forever grateful to SMAG and will continue to operate on the principles that have made SMAG and DSS successful – transparency, accountability, first-rate facilities and people. Those attributes, combined with a burning desire to serve first responders and the public safety community, will guide our team into the future.”

Matrix provided merger and acquisition advisory services to DSS and SMAG, which included valuation advisory, marketing the business through a confidential, structured sale process, and negotiation of the transaction. The transaction was managed by William O’Flaherty, Managing Director, Matt Oldhouser, CPA, Vice President, and David Shoulders, Managing Director.

Regarding Matrix’s services, Jeff Curry, Chief Executive Officer of SMAG, noted, “Matrix exceeded our expectations in every respect during this transaction. Their tactical expertise created a tremendous amount of value and I am thankful we chose them to guide us through this process.” He added, “We are very proud of the team at DSS and the company that they have built over the last 15 years. We will always consider them part of the SMAG family and look forward to watching them take the company to the next level!”

“We were honored to represent SMAG and DSS in this important transaction,” Mr. O’Flaherty noted. “The company’s passion for providing outstanding service to the public safety market is commendable and we are pleased to have found a partner that shares the same enthusiasm for that industry and commitment to excellence.”

Smith Hulsey & Busey served as legal counsel for DSS and SMAG. CohnReznick LLP provided accounting advisory services to the company.

About Matrix Capital Markets Group, Inc.

Founded in 1988, Matrix Capital Markets Group, Inc. is an independent, advisory focused, privately-held investment bank headquartered in Richmond, VA, with additional offices in Baltimore, MD and New York, NY. Matrix provides merger & acquisition and financial advisory services for privately-held, private-equity owned, not-for-profit and publicly traded companies. Matrix’s advisory services include company sales, recapitalizations, capital raises of debt & equity, corporate carve outs, special situations, management buyouts, corporate valuations and fairness opinions.

Securities offered by MCMG Capital Advisors, Inc., an affiliate of Matrix Capital Markets Group, Inc., Member FINRA & SIPC

Matrix Capital Markets Group, Inc., Gateway Plaza | 800 East Canal Street, Suite 850 | Richmond, VA 23219

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NEWS SOURCE: Matrix Capital Markets Group Inc.

To view the original story, visit: https://www.send2press.com/wire/matrix-advises-on-the-sale-of-dana-safety-supply-inc-to-aea-investors/

Matrix Advises on the Successful Sale of WTG Fuels, LLC’s Delivered Fuels Business

RICHMOND, Va. /ScoopCloud/ -- Matrix Capital Markets Group, Inc. announces the successful sale of the propane, commercial motor fuels, and lubricants business of WTG Fuels, LLC to ThompsonGas, LLC. WTG Fuels is a subsidiary of West Texas Gas, a leading provider of natural gas distribution services throughout Texas and Oklahoma.

WTG Fuels, based in Midland, Texas, distributes propane, refined products, and lubricants to residential, commercial, and oilfield customers throughout West Texas and extending into the Texas panhandle, central, and south Texas.

Erik Peterson, CEO of ThompsonGas, said "We are thrilled to welcome the more than 200 employees of WTG Fuels and look forward to making them feel right at home as they join the ThompsonGas family! This new area will operate as TG Fuels, based in Midland, Texas, under the continued local leadership of Casey King and Lane Worthington." Mr. Peterson continued, "With the addition of this business in Texas and New Mexico, ThompsonGas now provides peace of mind for customers in 25 states."

Matrix provided merger and acquisition advisory services to WTG Fuels, which included valuation advisory, marketing the business through a confidential, structured sale process, and negotiation of the transaction. The transaction was managed by Vance Saunders, CPA, Managing Director; Cedric Fortemps, CFA, Co-Head of Matrix's Downstream Energy & Convenience Retail Investment Banking Group; John Duni, CFA, CPA, Vice President; and Michael Tucker, CFA, Senior Associate.

John Steen, CEO of West Texas Gas, commented "Matrix has been a true partner to WTG over the last several years through the sale of multiple business lines in the WTG Fuels division. We are grateful for their sound advice and execution." WTG Fuels formerly owned and operated the Uncle's branded convenience store chain and the Gascard fleet fueling network which were divested in a separate transaction managed by Matrix.

Mr. Saunders of Matrix commented "We've had the pleasure of working with the WTG Fuels team since late 2021 when we began reviewing strategic alternatives for each of their businesses. We've really enjoyed working with them these last three years and wish them all the best in their future endeavors."

Larry Parker of Williams Mullen served as lead legal counsel for WTG Fuels.

About Matrix's Downstream Energy & Convenience Retail Investment Banking Group:

Matrix's Downstream Energy & Convenience Retail Investment Banking Group is recognized as the national leader in providing transactional advisory services to companies in the downstream energy and multi-site retail sectors including convenience retailing, petroleum marketing & distribution, propane distribution, heating oil distribution, lubricants distribution, petroleum logistics, terminals, car washes and quick service restaurants. Group members are dedicated to these sectors and draw upon complementary experiences to provide advisory services to complete sophisticated merger and acquisition transactions, debt and equity capital raises, corporate valuations, special situations and strategic planning engagements. Since 1997, our Downstream Energy & Convenience Retail Investment Banking Group has successfully completed over 300 engagements.

About Matrix Capital Markets Group, Inc.:

Founded in 1988, Matrix Capital Markets Group, Inc. is an independent, advisory focused, privately-held investment bank headquartered in Richmond, VA, with additional offices in Baltimore, MD and New York, NY. Matrix provides merger & acquisition and financial advisory services for privately-held, private-equity owned, not-for-profit and publicly traded companies. Matrix's advisory services include company sales, recapitalizations, capital raises of debt & equity, corporate carve outs, special situations, management buyouts, corporate valuations and fairness opinions.

Our industry focused, dedicated sector advisory groups serve clients in the automotive aftermarket, downstream energy & convenience retail, healthcare and outdoor recreation & marine markets. Our broad sector advisory groups serve clients in a wide range of industries including business services, consumer, diversified industrials, restaurants and transportation & logistics.

For additional information or to contact our team members, please visit https://matrixcmg.com/.

Securities offered by MCMG Capital Advisors, Inc., an affiliate of Matrix Capital Markets Group, Inc., Member FINRA & SIPC

Matrix Capital Markets Group, Inc. announces the successful sale of the propane, commercial motor fuels, and lubricants business of WTG Fuels, LLC to ThompsonGas, LLC. WTG Fuels is a subsidiary of West Texas Gas, a leading provider of natural gas distribution services throughout Texas and Oklahoma.

Related link: https://www.matrixcmg.com/

Matrix Advises Watershed Car Wash on the Successful Recapitalization of the Company

BALTIMORE, Md. /ScoopCloud/ -- Matrix Capital Markets Group, Inc. ("Matrix"), a leading independent investment bank, announces that it served as lead advisor on the recapitalization of Watershed Car Wash's ("Watershed" or the "Company") portfolio comprised of 30 express tunnel car wash sites.

The McDowell Family built their first express tunnel wash in 2009 under the Clean Freak brand. The management team continued to scale the platform in the Arizona market which was ultimately sold to True Blue Car Wash. After selling the portfolio in 2020, the McDowell's embarked on building the Watershed platform in both Texas and subsequently Oklahoma, where the Watershed portfolio has a significant presence.

Trevor McDowell, President & CEO commented, "The Matrix team offered unparalleled support and deep insights during the entire process, from the initial valuation project to the execution of the recapitalization mandate. Their unwavering dedication and adaptability, along with their efficient execution, resulted in a positive outcome for all stakeholders. Their comprehensive expertise and experience, in both valuation assignments and capital advisory mandates, played a crucial role in us selecting Matrix and ensuring success in a complex recapitalization."

In its role as sole intermediary, Matrix provided valuation and capital advisory services to Watershed including ASA valuations, financial modeling and sensitivity analysis, capital structure assessment, negotiation with counterparties, and placement of debt capital. The capital advisory assignment was managed by John Whalen, Head of Matrix's Capital Advisory Investment Banking Group; Ryan Weir, Director and Garrett Novotny, CFA, CPA, Senior Analyst. The valuation assignment was managed by Sean Dooley, CFA, ASA, Managing Director, Matrix's Downstream Energy & Convenience Retail Investment Banking Group; Stephen Lynch, CFA, CPA, Managing Director and Nate Wah, CPA, Senior Associate.

Mr. Weir and Mr. Dooley added, "We very much appreciate the trust that Watershed placed in us to advise them on the valuation process and recapitalization. Watershed is a great operator and the recapitalization represents a transformational moment for the Company as it further scales its platform. Matrix was privileged to work with the Watershed Team."

About Matrix Capital Markets Group, Inc.:

Founded in 1988, Matrix Capital Markets Group, Inc. is an independent, advisory focused, privately-held investment bank headquartered in Richmond, VA, with additional offices in Baltimore, MD and New York, NY. Matrix provides merger & acquisition and financial advisory services for privately-held, private-equity owned, not-for-profit and publicly traded companies. Matrix's advisory services include company sales, recapitalizations, capital raises of debt & equity, corporate carve outs, special situations, management buyouts, corporate valuations and fairness opinions.

Our industry focused, dedicated sector advisory groups serve clients in the automotive aftermarket, downstream energy & convenience retail, healthcare and outdoor recreation & marine markets. Our broad sector advisory groups serve clients in a wide range of industries including business services, consumer, diversified industrials, restaurants and transportation & logistics.

For additional information or to contact our team members, please visit https://matrixcmg.com/.

Securities offered by MCMG Capital Advisors, Inc., an affiliate of Matrix Capital Markets Group, Inc., Member FINRA & SIPC

Matrix Capital Markets Group, Inc. ("Matrix"), a leading independent investment bank, announces that it served as lead advisor on the recapitalization of Watershed Car Wash's ("Watershed" or the "Company") portfolio comprised of 30 express tunnel car wash sites.

Related link: https://www.matrixcmg.com/

ACES Quality Management Enhances ACES Deposit Account Audit Pack for Banks and Credit Unions

DENVER, Colo. /ScoopCloud/ -- ACES Quality Management® (ACES), the leading provider of enterprise quality management and control software for the financial services industry, announced the release of its Deposit Accounts Audit Pack. The pre-configured audit pack is designed to assist financial institutions with meeting the deposit account monitoring requirements from the Federal Deposit Insurance Corporation (FDIC) and other prudential regulators.

"The monitoring of both new and existing deposit accounts is an important component of any strong consumer risk management program," said ACES CEO Trevor Gauthier. "With the ACES Deposit Audit Pack, banks and credit unions can quickly and easily automate oversight of their deposit accounts to ensure compliance and mitigate risk."

The ACES Deposit Audit Pack includes custom data fields, ACES Managed Questionnaires (AMQs) and three new custom reports in Business Objects. Using ACES' Flexible Audit Technology, all features can be customized to meet a financial institution's needs and workflows.

To learn more about the ACES Deposit Audit Pack or the full suite of audit packs available within ACES Quality Management & Control Software®, visit our website.

About ACES Quality Management:

ACES Quality Management is the leading provider of enterprise quality management and control software for the financial services industry. The nation's most prominent lenders, servicers and financial institutions rely on ACES Quality Management & Control Software® to improve audit throughput and quality while controlling costs, including:

* 60% of the top 50 independent mortgage lenders;

* 8 of the top 10 loan servicers;

* 11 of the top 30 retail banks; and

* 3 of the top 5 credit unions in the United States.

Unlike other quality control platforms, only ACES delivers Flexible Audit Technology, which gives independent mortgage lenders and financial institutions the ability to easily manage and customize ACES to meet their business needs without having to rely on IT or other outside resources. Using a customer-centric approach, ACES clients get responsive support and access to our experts to maximize their investment. For more information, visit www.acesquality.com or call 1-800-858-1598.

ACES Quality Management® (ACES), the leading provider of enterprise quality management and control software for the financial services industry, announced the release of its Deposit Accounts Audit Pack. The pre-configured audit pack is designed to assist financial institutions with meeting the deposit account monitoring requirements from the Federal Deposit Insurance Corporation (FDIC) and other prudential regulators.

Related link: https://www.acesquality.com/

Matrix Advises Land O’Sun Management on its Sale to Anabi/Rebel

RICHMOND, Va. /ScoopCloud/ -- Matrix Capital Markets Group, Inc., a leading, independent investment bank, has advised Land O'Sun Management Corporation d/b/a Fast Track on the sale of its petroleum marketing, convenience retail and quick-service restaurant businesses to Anabi Real Estate Development, LLC and its affiliates d/b/a Anabi/Rebel. Headquartered in Gainesville, Florida, Fast Track is a leading petroleum marketing, convenience retail and QSR company, operating 17 convenience stores, 10 co-located QSRs, and two stand-alone QSRs in Northern Florida.

Land O'Sun Management was founded in 1996 when local businessmen Alan Fogg, Richard Rentz and Stephen Fogg purchased 38 gas stations in Northern Florida. After turning around their initial acquisition to become successful operating stores in just four years, the founders wanted to continue growing Land O'Sun and purchased 13 additional stores in 2000, which provided access to the QSR business. Over the next 23 years, Land O'Sun began integrating national QSR brands into their stores, including Arby's, Wendy's, Dairy Queen, and Subway. In 2022, Land O'Sun opened its latest state of the art new-to-industry Fast Track store in Gainesville, Florida, which includes a car wash, beer cave, and made-to-order deli. Over the last 28 years, through excellent leadership and execution, the original founders have built one of the premier petroleum marketing, convenience retail and QSR companies in Florida.

Matrix provided merger and acquisition advisory services to Land O'Sun Management Corporation, which included valuation advisory, marketing the business through a confidential, structured sale process, and negotiation of the sale. The transaction was managed by Cedric Fortemps, CFA, Co-Head of Matrix's Downstream Energy & Convenience Retail Investment Banking Group; Nathan Wah, CPA, Senior Associate; and Reilly Erhardt, CPA, Analyst.

Alan Fogg, President of Fast Track, commented, "As a family business, deciding to sell is both an economic and emotional decision. Our prior experience with Matrix, conducting periodic business evaluations of our company, gave us confidence that Matrix was the right partner for this transaction. The support they provided in presale planning and through the entire sale process proved our confidence was warranted."

Mr. Fortemps added, "Our relationship with Richard, Alan and Steve began close to a decade ago and since then, they've done a tremendous job strategically growing their business to make it what it is today. We are honored to have advised them on the sale of the incredible company they've worked so hard to build."

Charles Muller II and Michael Schwartz of Muller Lebensburger & Schwartz served as legal counsel for Land O' Sun Management Corporation.

Fred Whitaker, Ashley Bolduc, and Wendy Hsu of Cummins & White, LLP served as legal counsel for Anabi Real Estate Development, LLC.

About Anabi/Rebel:

Based in Upland, California, Anabi/Rebel was founded by Sam Anabi in 1991 with one gas station. Anabi/Rebel has been working with independent retailers to provide the best fuel and highest level of service to communities throughout California. Over the years, the company has grown by buying and selling stations, converting bays into convenience stores, adding car washes, partnering with fast food brands, and building ground up new to industry locations. This growth has provided Anabi/Rebel with experience from the perspective of a buyer, seller, lease dealer, open dealer, franchisee, owner, contract operator, and wholesale distributor. Today, Anabi/Rebel continues to operate as a dynamic family owned and operated business with over 500 locations across 16 states, including multiple QSR brands.

About Matrix's Downstream Energy & Convenience Retail Investment Banking Group:

Matrix's Downstream Energy & Convenience Retail Investment Banking Group is recognized as the national leader in providing transactional advisory services to companies in the downstream energy and multi-site retail sectors including convenience retailing, petroleum marketing & distribution, propane distribution, heating oil distribution, lubricants distribution, petroleum logistics, terminals, car washes and quick service restaurants. Group members are dedicated to these sectors and draw upon complementary experiences to provide advisory services to complete sophisticated merger and acquisition transactions, debt and equity capital raises, corporate valuations, special situations and strategic planning engagements. Since 1997, our Downstream Energy & Convenience Retail Investment Banking Group has successfully completed over 300 engagements.

About Matrix Capital Markets Group, Inc.:

Founded in 1988, Matrix Capital Markets Group, Inc. is an independent, advisory focused, privately-held investment bank headquartered in Richmond, VA, with additional offices in Baltimore, MD and New York, NY. Matrix provides merger & acquisition and financial advisory services for privately-held, private-equity owned, not-for-profit and publicly traded companies. Matrix's advisory services include company sales, recapitalizations, capital raises of debt & equity, corporate carve outs, special situations, management buyouts, corporate valuations and fairness opinions.

Our industry focused, dedicated sector advisory groups serve clients in the automotive aftermarket, downstream energy & convenience retail, healthcare and outdoor recreation & marine markets. Our broad sector advisory groups serve clients in a wide range of industries including business services, consumer, diversified industrials, restaurants and transportation & logistics.

For additional information or to contact our team members, please visit https://matrixcmg.com/.

Securities offered by MCMG Capital Advisors, Inc., an affiliate of Matrix Capital Markets Group, Inc., Member FINRA & SIPC

Matrix Capital Markets Group, Inc., a leading, independent investment bank, has advised Land O'Sun Management Corporation d/b/a Fast Track on the sale of its petroleum marketing, convenience retail and quick-service restaurant businesses to Anabi Real Estate Development, LLC and its affiliates d/b/a Anabi/Rebel. Headquartered in Gainesville, Florida, Fast Track is a leading petroleum marketing, convenience retail and QSR company, operating 17 convenience stores, 10 co-located QSRs, and two stand-alone QSRs in Northern Florida.

Related link: https://www.matrixcmg.com/

Matrix Leads Capital Raise for G&M Oil Company

RICHMOND, Va. /ScoopCloud/ -- Matrix Capital Markets Group, Inc. ("Matrix"), a leading, independent investment bank, announces that it served as lead advisor on G&M Oil Company's ("G&M" or the "Company") syndicated debt financing.

Established in 1969, G&M Oil is one of California's largest independently owned fuel retailers with over 200 locations throughout Los Angeles, Orange, San Bernardino, Riverside, San Diego and Ventura Counties. The Company maintains successful partnerships with Chevron and ExtraMile and has been consistently lauded for its outstanding performance in their Retail Excellence programs.

Adam Sparks, General Manager of G&M commented, "We were fortunate to work with Matrix to structure and intermediate this important financing. Their experience, expertise, and objective approach were critical to securing capital on terms that were very attractive to the Company."

Matrix provided capital advisory services to G&M, which included financial modeling, assessment of optimal financing strategy, selection of capital providers, and negotiation of the transaction. The financing was managed by John Whalen, Head of Matrix's Capital Advisory Investment Banking Group; Ryan Weir, Director; and Garrett Novotny, CFA, CPA, Senior Analyst.

Scott Olson, Director of Strategy & Corporate Development of G&M stated, "The Matrix team delivered outstanding support and insight throughout the process. Their dedicated and adaptable approach, coupled with their robust execution, ensured a favorable result for all involved. Their expertise was critical to a successful outcome."

Mr. Whalen added, "We deeply value the trust G&M placed in us to guide them through this capital raise. G&M is a best-in-class operator and this transaction is a testament to the Company's strong profile. In addition to providing the Company with significant structural latitude, the new capital base will support G&M's immediate and long-term growth initiatives. We couldn't be more pleased to support G&M Oil - truly a privilege to work with them!"

About Matrix Capital Markets Group, Inc.

Founded in 1988, Matrix Capital Markets Group, Inc. is an independent, advisory focused, privately-held investment bank headquartered in Richmond, VA, with additional offices in Baltimore, MD and New York, NY. Matrix provides merger & acquisition and financial advisory services for privately-held, private-equity owned, not-for-profit and publicly traded companies. Matrix's advisory services include company sales, recapitalizations, capital raises of debt & equity, corporate carve outs, special situations, management buyouts, corporate valuations and fairness opinions.

Our industry focused, dedicated sector advisory groups serve clients in the automotive aftermarket, downstream energy & convenience retail, healthcare and outdoor recreation & marine markets. Our broad sector advisory groups serve clients in a wide range of industries including business services, consumer, diversified industrials, restaurants and transportation & logistics.

For additional information or to contact our team members, please visit https://matrixcmg.com/.

Securities offered by MCMG Capital Advisors, Inc., an affiliate of Matrix Capital Markets Group, Inc., Member FINRA & SIPC

Matrix Capital Markets Group, Inc. ("Matrix"), a leading, independent investment bank, announces that it served as lead advisor on G&M Oil Company's ("G&M" or the "Company") syndicated debt financing. Founded in 1988, Matrix Capital Markets Group, Inc. is an independent, advisory focused, privately-held investment bank.

Related link: https://www.matrixcmg.com/

Monterra Credit Union elevates the member experience with the Empower LOS from Dark Matter Technologies

JACKSONVILLE, Fla. /ScoopCloud/ -- Dark Matter Technologies (Dark Matter), an innovative new leader in mortgage technology backed by time-tested loan origination software and leadership, today announced that Monterra Credit Union (Monterra CU), a full-service financial institution serving members throughout San Mateo County, California, the City of Palo Alto and the San Francisco Bay Area, has selected the Empower® loan origination system (LOS) for mortgage loan, home-equity loan and home-equity line of credit (HELOC) originations.

One of California's top 50 credit union lenders by mortgage loan volume, Monterra CU attributed its selection of the Empower LOS to the origination system's self-service configurability, its robust integrations with best-in-class product and pricing engines (PPE) and customer relationship management (CRM) platforms, and its support for the digital closings Monterra CU members increasingly prefer. In addition, the credit union expects to be able to close loans more quickly and process more loans per full-time employee with the help of the "lights-out" task automation that is native to the Empower LOS.

"Through the integration of the Empower LOS, Monterra Credit Union is enhancing the mortgage experience for our members, increasing efficiency and priming ourselves for future growth," stated Wade Painter, president and CEO of Monterra Credit Union. "Our team eagerly anticipates the array of new features and process improvements this partnership brings, underscoring the strong rapport we've cultivated with the Dark Matter team. We're confident that Dark Matter is the right partner for us."

"It was clear from the outset that the mortgage team at Monterra Credit Union is serious about two things: elevating its members' mortgage experience and future-proofing its business," said Dark Matter CEO Rich Gagliano. "With the Empower LOS, Monterra CU gains access to comprehensive automation and customization capabilities that align perfectly with this commitment to member-centricity and sustainable growth. We are honored to have earned Monterra's business and look forward to a long and fruitful collaboration."

About Dark Matter Technologies:

Operating with the nimble nature of a startup and the disciplined maturity of one of the industry's leading providers, Dark Matter Technologies delivers cutting-edge technology, unparalleled automation and relentless innovation to leading mortgage lenders and companies nationwide. For more information, visit https://www.dmatter.com.

Dark Matter Technologies (Dark Matter), an innovative new leader in mortgage technology backed by time-tested loan origination software and leadership, today announced that Monterra Credit Union (Monterra CU), a full-service financial institution serving members throughout San Mateo County, California, the City of Palo Alto and the San Francisco Bay Area, has selected the Empower® loan origination system (LOS) for mortgage loan, home-equity loan and home-equity line of credit (HELOC) originations.

Related link: https://www.dmatter.com

Patelco Credit Union selects the Empower LOS to streamline and bolster home loan and home-equity origination

JACKSONVILLE, Fla. /ScoopCloud/ -- Dark Matter Technologies (Dark Matter), an innovative new leader in mortgage technology backed by time-tested loan origination software and leadership, today announced the implementation of the Empower® loan origination system (LOS) by Patelco Credit Union (Patelco), a Bay Area-based credit union dedicated to the financial wellness of its team, members and communities.

Patelco is California's fourth-largest credit union mortgage lender by number of loans closed annually. The credit union's 214 loan officers will use the Empower LOS to originate retail home loans, home-equity loans and home-equity lines of credit (HELOCs). According to VP of Lending Vince Salinas, Patelco selected the Empower LOS and its point-of-sale (POS) portals for loan officers and borrowers for the bundled solution's ability to make the loan process up to 20% more efficient for the credit union's members and mortgage team.

"We are constantly evolving to provide the best tools to our team while creating a more streamlined member experience," said Salinas. "We selected the Empower LOS because we see Dark Matter as a partner that will grow with Patelco and allow us to work and serve our members more efficiently as we advance our digital roadmap, ultimately creating a better home buying experience while keeping our mortgage costs low and passing that value on to members."

"Patelco Credit Union has invested significant resources in understanding what its members truly expect from their home buying journey," said Dark Matter CEO Rich Gagliano. "We are proud to help Patelco meet its members' high expectations with a modern mortgage experience enriched by task-based automation and robust integrations that cut unnecessary time and cost out of the process."

The credit union was founded 87 years ago by a few employees at Pacific Telephone and Telegraph Company (now AT&T) with a dream to create a credit union dedicated to helping its members and communities prosper. Today, Patelco serves more than 500,000 members primarily in and around northern California, including employees of over 1,100 large and small businesses throughout the United States.

About Dark Matter Technologies:

Operating with the nimble nature of a startup and the disciplined maturity of one of the industry's leading providers, Dark Matter Technologies delivers cutting-edge technology, unparalleled automation and relentless innovation to leading mortgage lenders and companies nationwide. For more information, visit https://www.dmatter.com.

Dark Matter Technologies (Dark Matter), an innovative new leader in mortgage technology backed by time-tested loan origination software and leadership, today announced the implementation of the Empower® loan origination system (LOS) by Patelco Credit Union (Patelco), a Bay Area-based credit union dedicated to the financial wellness of its team, members and communities.

Related link: https://www.dmatter.com

Matrix Advises on the Sale of Andretti Petroleum Group to H&S Energy

RICHMOND, Va. /ScoopCloud/ -- Matrix Capital Markets Group, Inc. ("Matrix"), a leading, independent investment bank, announces that it has advised Andretti Petroleum Group ("Company") on the sale of its convenience retail, fuels distribution, cardlock, fleet card, commercial fueling, car wash, lubricants and transportation businesses to H&S Energy, LLC and its affiliates ("H&S"). Andretti Petroleum Group is one of the largest convenience retail and fuels distribution businesses on the West Coast and Pacific Northwest, operating in northern California, Oregon and Washington.

Andretti Petroleum Group was founded in 1997 when racing icons Mario Andretti, Michael Andretti, long-time Andretti advisor John Caponigro, and Texaco executive M.J. Castelo launched a startup Texaco wholesale business in northern California. Mario Andretti had always been enamored with the fuels business after having worked at his uncle's gas station with his twin brother Aldo just three days after moving from Italy to America at the age of 15. In 1998, the nascent business developed its flagship Texaco facility in downtown San Francisco, which featured an Andretti SpeedMart convenience store, an Andretti Winning Finish car wash, a Burger King, and the first Starbucks integrated into a convenience store.

Over the next 25 years, M.J. Castelo embodied the legendary Andretti competitive spirit and grew the Company to be one of the largest convenience retail and fuels distribution businesses in the West through organic growth and a series of acquisitions. The enterprise completed its first major acquisition in 2001, when it purchased a chain of convenience stores and dealer operations in Monterey County, California. In 2005, the Company expanded further north with the acquisition of Humboldt Petroleum's 16 company-operated stores. Andretti's most transformative acquisition occurred in 2017, when it purchased Colvin Oil Company of Grants Pass, Oregon. The Colvin transaction more than doubled the size of the Company and added retail, wholesale, transportation, commercial fuels, and lubricants operations. Over the past few years, the Company continued to expand via acquisition, most notably through the acquisitions of Sheldon Oil and Stein Oil, while also rolling out a comprehensive rebranding effort through its proprietary Pinnacle 365 store brand and proprietary loyalty program. Prior to the sale, Andretti Petroleum Group consisted of nearly 170 convenience retail and fuels distribution assets in California, Oregon, and Washington.

Matrix provided merger and acquisition advisory services to the Company, which included valuation advisory, marketing the business through a confidential, structured sale process, and negotiation of the sale. The transaction was managed by Cedric Fortemps, CFA, Co-Head of Matrix's Downstream Energy & Convenience Retail Investment Banking Group; Andrew LoPresti, CPA, CFA, Vice President; John Mickelinc, CFA, Senior Associate; and James Mickelinc, CPA, Associate.

Mr. Castelo, CEO and Managing Member of Andretti Petroleum Group, commented, "We are delighted to transact with H&S Energy as the new steward of our enterprise. Our companies share similar stories, starting with single sites, then growing into formidable players in our industry. This transaction will be a win for all stakeholders. We especially appreciate the great work of Matrix in assisting us with finding the perfect buyer and perfect transaction."

Sal Hassan, founder and CEO of H&S, stated, "We are honored to take on this great portfolio of retail sites, wholesale distributorship, cardlocks, lubricants, and transportation assets. We believe the people on both ends of this transaction, when put together, will bring great synergies and help take H&S to the next level. Working through this transaction with the help and professionalism of everyone involved made the process smooth and simple. We thank the entire group for their efforts."

Mr. Fortemps added, "M.J. and the Andretti team have built an incredible business through thoughtful, strategic growth, meticulous execution, and unparalleled passion to be the best across the entire organization. We are honored to have been chosen to advise them on the sale of the exceptionally successful business that they built and know that their successes will continue in their future endeavors---both on and off the racetrack."

John Caponigro, Hank Wineman, and Gabriella Tringali of Frasco, Caponigro, Wineman, Scheible, Hauser, and Luttmann and Otto Konrad and Kaitlin Cottle of Williams Mullen served as legal counsel for Andretti Petroleum Group.

Robert Sahyan, Michael Leake and Aaron Duffy of Sheppard Mullin, Jeffrey Reuben of Elkins Kalt, and Paula Bailey, General Counsel of H&S Energy served as legal counsel for H&S.

About H&S Energy, LLC

Based in Orange, California, H&S Energy was founded by Sal Hassan in 1996 with one gas station. Sal's vision was to have larger footprint convenience stores that offered customers a variety of snacks, hot food, fresh coffee, and the cleanest restrooms on the street. His vision grew H&S to more than 160 convenience stores under the Chevron, Texaco, Shell, and 76 fuel brands. H&S operates its convenience stores under the ExtraMile banner and under its own proprietary brand, Power Market.

About Matrix's Downstream Energy & Convenience Retail Investment Banking Group

Matrix's Downstream Energy & Convenience Retail Investment Banking Group is recognized as the national leader in providing transactional advisory services to companies in the downstream energy and multi-site retail sectors including convenience retailing, petroleum marketing & distribution, propane distribution, heating oil distribution, lubricants distribution, petroleum logistics, terminals, car washes and quick service restaurants. Group members are dedicated to these sectors and draw upon complementary experiences to provide advisory services to complete sophisticated merger and acquisition transactions, debt and equity capital raises, corporate valuations, special situations and strategic planning engagements. Since 1997, our Downstream Energy & Convenience Retail Investment Banking Group has successfully completed over 300 engagements.

About Matrix Capital Markets Group, Inc.

Founded in 1988, Matrix Capital Markets Group, Inc. is an independent, advisory focused, privately-held investment bank headquartered in Richmond, VA, with additional offices in Baltimore, MD and New York, NY. Matrix provides merger & acquisition and financial advisory services for privately-held, private-equity owned, not-for-profit and publicly traded companies. Matrix's advisory services include company sales, recapitalizations, capital raises of debt & equity, corporate carve outs, special situations, management buyouts, corporate valuations and fairness opinions.

Our industry focused, dedicated sector advisory groups serve clients in the automotive aftermarket, downstream energy & convenience retail, healthcare and outdoor recreation & marine markets. Our broad sector advisory groups serve clients in a wide range of industries including business services, consumer, diversified industrials, restaurants and transportation & logistics. For additional information or to contact our team members, please visit https://www.matrixcmg.com/.

Securities offered by MCMG Capital Advisors, Inc., an affiliate of Matrix Capital Markets Group, Inc., Member FINRA & SIPC.

Matrix Capital Markets Group, Inc. ("Matrix"), a leading, independent investment bank, announces that it has advised Andretti Petroleum Group ("Company") on the sale of its convenience retail, fuels distribution, cardlock, fleet card, commercial fueling, car wash, lubricants and transportation businesses to H&S Energy, LLC and its affiliates ("H&S"). Andretti Petroleum Group is one of the largest convenience retail and fuels distribution businesses on the West Coast and Pacific Northwest, operating in northern California, Oregon and Washington.

Related link: https://www.matrixcmg.com/

iEmergent brings actionable mortgage market intelligence to credit unions as ACUMA affiliate member

DES MOINES, Iowa /ScoopCloud/ -- iEmergent, a forecasting and advisory services firm for the financial services, mortgage and real estate industries, announced it has joined the American Credit Union Mortgage Association (ACUMA) as an affiliate member. Since its founding nearly a quarter century ago, iEmergent has worked with credit unions and other lenders to identify missed mortgage opportunities and close gaps in market coverage. As an ACUMA affiliate, iEmergent will leverage its deep experience and award-winning technology to help the trade association's nearly 400 credit union members build and execute data-driven mortgage growth, recruitment and referral partner strategies.

Mortgage MarketSmart, iEmergent's cutting-edge market intelligence and forecasting platform, reveals mortgage opportunity down to the neighborhood level by projecting loan production metrics on maps that can be overlaid with robust external data sets like historical lending metrics, demographic and income data, real estate agent and listing intelligence, community points of interest, census tract-level opportunity forecasts and more. Mortgage MarketSmart gives credit unions everything they need to quantify and act on market growth opportunities, including diverse lending and recruiting strategies that support financial institutions' fair lending and Community Reinvestment Act (CRA) obligations.

"We bring mortgage opportunities to life for credit unions, showing them exactly where their members are and where their gaps in coverage lie, and then we work hand in hand to build effective strategies for closing those gaps," said iEmergent CEO Laird Nossuli. "We look forward to helping ACUMA members-all credit unions that have made a conscious investment in mortgage lending-capture more markets and, in so doing, better serve the home financing needs of members."

ACUMA is a non-profit organization dedicated to empowering credit unions and credit union service organizations (CUSOs) to provide premier real estate and home loan services for their members. Its membership encompasses a diverse group including federal and state-chartered credit unions, CUSOs, mortgage insurance firms, secondary market investors, investment banking entities and technology providers specializing in mortgage lending solutions.

"It's our goal to provide credit unions with access to the best education and resources within the housing finance industry. This is supported by iEmergent's ability to identify and close market gaps in mortgage lending," stated ACUMA President Peter J. Benjamin. "We're excited to welcome iEmergent and present this valuable resource to our members."

About iEmergent

Founded in 2000, iEmergent provides mortgage lending forecasts and analytics to the lending, housing and real estate industries. The company offers an extensive variety of forecast and market intelligence products, including Mortgage MarketSmart, a visualization tool that helps lenders quantify how mortgage markets will change. For more information, visit https://www.iemergent.com/.

TAGS: @iemergent @ACUMA #creditunions #housingfinance #housingequity #housingeconomy #mortgage

RELATED LINKS:

https://acuma.org/

https://www.iemergent.com/mortgage-marketsmart

iEmergent, a forecasting and advisory services firm for the financial services, mortgage and real estate industries, announced it has joined the American Credit Union Mortgage Association (ACUMA) as an affiliate member. Since its founding nearly a quarter century ago, iEmergent has worked with credit unions and other lenders to identify missed mortgage opportunities and close gaps in market coverage.

Related link: https://www.iemergent.com

Matrix Advises on the Sale of Hicks Oils’ Lubricants Business to Schaeffer Manufacturing Company

RICHMOND, Va. /ScoopCloud/ -- Matrix Capital Markets Group, Inc. ("Matrix"), a leading, independent investment bank, announces that it has advised Hicks Oils & Hicksgas, Incorporated ("Hicks" or the "Company") on the sale of its Hicks Oils lubricants business to Schaeffer Manufacturing Company ("Schaeffer"). Hicks Oils is a premier independent lubricant blending and packaging business in southern Illinois that produces automotive and industrial lubricants. Schaeffer, founded in 1839 and based in St. Louis, produces and sells a broad range of synthetic motor oils, industrial lubricants, hydraulic fluids, and other related products.

Based in Du Quoin, Illinois, Hicks Oils was formed in 1978 by C. W. Hicks as a further expansion of his integrated petroleum operations, with the initial goal of providing products and services to the local coal mining industry. In 1989 upon the passing of Mr. Hicks, his grandsons Todd and Shawn Coady joined the Company and took over running the lubricants business and the family's multiple other companies. Shawn Coady currently serves as President of the business and Todd as Vice President. Throughout the 1980's and 1990's as markets changed, the business evolved and expanded to include contract packaging, private label, and company branded products. Today, Hicks Oils blends and packages motor oil, hydraulic fluid, gear lubes, transmission fluids and various specialty lubricants for distributors, major oil companies, OEMs, and after-market providers.

Matrix provided merger and acquisition advisory services to the Company, which included valuation advisory, marketing the business through a confidential, structured sale process, and negotiation of the sale. The transaction was managed by John Underwood, Managing Director; Vance Saunders, CPA, Managing Director; Andrew LoPresti, CPA, CFA, Vice President; Jared de Perio, Analyst.

Dr. Shawn Coady, President of Hicks said, "When I decided to sell the business, I had significant experience with Matrix from various propane market transactions and was confident they were the right company to handle the transaction. Hicks Oils is a unique business, and they did an exceptional job handling the sale. I am very pleased with Schaeffer as the buyer. I believe the strategic and cultural fit of the two companies will provide significant growth opportunities, as well as a great work environment for Hicks' employees."

Mr. Underwood added, "We have valued our relationship with Dr. Coady for many years and we were honored when he chose Matrix to sell the Hicks' lubricants blending and packaging business. We very much appreciate the trust that Shawn placed in the Matrix team and the contributions from him and his operating team during the sales process."

Bill Scott of Allen & Korkowski & Associates served as legal counsel for Hicks.

About Matrix's Downstream Energy & Convenience Retail Investment Banking Group:

Matrix's Downstream Energy & Convenience Retail Investment Banking Group is recognized as the national leader in providing transactional advisory services to companies in the downstream energy and multi-site retail sectors including convenience retailing, petroleum marketing & distribution, propane distribution, heating oil distribution, lubricants distribution, petroleum logistics, terminals, car washes and quick service restaurants. Group members are dedicated to these sectors and draw upon complementary experiences to provide advisory services to complete sophisticated merger and acquisition transactions, debt and equity capital raises, corporate valuations, special situations and strategic planning engagements. Since 1997, our Downstream Energy & Convenience Retail Investment Banking Group has successfully completed over 300 engagements with a total transaction value of more than $15 billion.

About Matrix Capital Markets Group, Inc.:

Founded in 1988, Matrix Capital Markets Group, Inc. is an independent, advisory focused, privately-held investment bank headquartered in Richmond, VA, with additional offices in Baltimore, MD and New York, NY. Matrix provides merger & acquisition and financial advisory services for privately-held, private-equity owned, not-for-profit and publicly traded companies. Matrix's advisory services include company sales, recapitalizations, capital raises of debt & equity, corporate carve outs, special situations, management buyouts, corporate valuations and fairness opinions. Matrix serves clients in a wide range of industries, including automotive aftermarket, building products, car washes, consumer products, convenience retail, downstream energy, healthcare and industrial products.

For additional information or to contact our team members, please visit https://matrixcmg.com/.

Securities offered by MCMG Capital Advisors, Inc., an affiliate of Matrix Capital Markets Group, Inc., Member FINRA & SIPC

Matrix Capital Markets Group, Inc. ("Matrix"), a leading, independent investment bank, announces that it has advised Hicks Oils & Hicksgas, Incorporated ("Hicks" or the "Company") on the sale of its Hicks Oils lubricants business to Schaeffer Manufacturing Company ("Schaeffer"). Hicks Oils is a premier independent lubricant blending and packaging business in southern Illinois that produces automotive and industrial lubricants.

Related link: https://www.matrixcmg.com/

Matrix Advises on the Sale of Eastern Sierra Propane to Ferrellgas Partners, L.P.

BALTIMORE, Md. /ScoopCloud/ -- Matrix Capital Markets Group, Inc. ("Matrix"), a leading, independent investment bank, announces that it has advised Eastern Sierra Propane ("Eastern Sierra" or the "Company") on its sale to Ferrellgas Partners, L.P. (OTC: FGPR) ("Ferrellgas"). The Company is one of the premier propane retailers in the Eastern Sierra Nevada mountain range, serving both residential and commercial customers.

The Company was founded in 1993 in Bishop, CA by Tom Sigler and Rudy Forster. Initially, Eastern Sierra was run out of Tom Sigler's house, and propane storage was obtained by using a 12,000-gallon tank at a customer's location in exchange for installing vapor meters on his gas dryers. It soon became very clear that the Company needed a much larger space and their own propane storage. As such, the Company leased a nearby property in Bishop, CA and installed their first 30,000-gallon propane tank.

Tom Sigler subsequently acquired Rudy Forster's 50% ownership interest, and Tom along with his son, Jason Sigler who joined in 1998, have significantly grown the Company over the last two plus decades.

Matrix provided merger and acquisition advisory services to the Company, which included valuation advisory, marketing the business through a confidential, structured sale process, and negotiation of the sale. The transaction was managed by Sean Dooley, CFA, Managing Director; Spencer Cavalier, CFA, Co-Head of Matrix's Downstream Energy & Convenience Retail Investment Banking Group and Nate Wah, CPA, Senior Associate.

Tom Sigler, President and Shareholder of Eastern Sierra, said, "When I decided to sell my business I researched companies who had the best transaction closing results, and I found that Matrix Capital was the top firm. They were helpful by first providing me with a valuation of my business and then finding a buyer who was the best fit for my employees and customers. I am glad that I made the decision to choose Matrix for there were many challenges along the way and they were there to help. Sean Dooley and Nate Wah were more than helpful in walking me through those challenges. I would recommend Matrix to anyone who was considering selling their business."

Mr. Dooley added, "We very much appreciate the trust that Tom placed in us to advise him on the sale of the Company that he and his family worked so hard to build. It was a pleasure working with him and the Ferrellgas team on this transaction, and we wish Tom and Jason all the best in their future endeavors."

Stephen Kappos served as legal counsel for Eastern Sierra.

About Matrix's Downstream Energy & Convenience Retail Investment Banking Group:

Matrix's Downstream Energy & Convenience Retail Investment Banking Group is recognized as the national leader in providing transactional advisory services to companies in the downstream energy and multi-site retail sectors including convenience retailing, petroleum marketing & distribution, propane distribution, heating oil distribution, lubricants distribution, petroleum logistics, terminals, car washes and quick service restaurants. Group members are dedicated to these sectors and draw upon complementary experiences to provide advisory services to complete sophisticated merger and acquisition transactions, debt and equity capital raises, corporate valuations, special situations and strategic planning engagements. Since 1997, our Downstream Energy & Convenience Retail Investment Banking Group has successfully completed over 300 engagements with a total transaction value of more than $15 billion.

About Matrix Capital Markets Group, Inc.:

Founded in 1988, Matrix Capital Markets Group, Inc. is an independent, advisory focused, privately-held investment bank headquartered in Richmond, VA, with additional offices in Baltimore, MD and New York, NY. Matrix provides merger & acquisition and financial advisory services for privately-held, private-equity owned, not-for-profit and publicly traded companies. Matrix's advisory services include company sales, recapitalizations, capital raises of debt & equity, corporate carve outs, special situations, management buyouts, corporate valuations and fairness opinions. Matrix serves clients in a wide range of industries, including automotive aftermarket, building products, car washes, consumer products, convenience retail, downstream energy, healthcare and industrial products. For additional information or to contact our team members, please visit https://matrixcmg.com/.

Securities offered by MCMG Capital Advisors, Inc., an affiliate of Matrix Capital Markets Group, Inc., Member FINRA & SIPC

Matrix Capital Markets Group, Inc. ("Matrix"), a leading, independent investment bank, announces that it has advised Eastern Sierra Propane ("Eastern Sierra" or the "Company") on its sale to Ferrellgas Partners, L.P. (OTC: FGPR) ("Ferrellgas"). The Company is one of the premier propane retailers in the Eastern Sierra Nevada mountain range, serving both residential and commercial customers.

Related link: https://www.matrixcmg.com/

Matrix Advises on the Sale of Bobby Taylor Oil Company, Inc. & T&S Transport, Inc. to Parker Oil Company

RICHMOND, Va. /ScoopCloud/ -- Matrix Capital Markets Group, Inc. ("Matrix"), a leading, independent investment bank, announces the successful closing on the sale of Bobby Taylor Oil Company, Inc. and T&S Transport, Inc. ("BTOC" or the "Company") to Parker Oil Company Incorporated. Based in Fayetteville, North Carolina, BTOC is a leading supplier of retail propane, commercial refined fuels, and racing gas to a diverse customer base of residential and commercial accounts throughout the state of North Carolina.

The Company was founded in August 1963 by Bobby Taylor, and at the time, operated out of Mr. Taylor's home in Fayetteville, North Carolina. During its first years of business, the Company sold fuel oil, kerosene, and gasoline to its local customer base with just one tank wagon. Seeking to further diversify its business lines, BTOC added propane and racing fuels to its product mix and further expanded its customer base throughout central North Carolina. Following his father's retirement in the early 2000's, Johnny Taylor Jr. assumed the role of President of BTOC, and along with his brothers David and Mark, led the Company through several decades of continued success and growth.

Today, the Company operates two refined fuels and propane bulk plants in Fayetteville and Elizabethtown, NC and employs over 30 dedicated associates. For the past 60 years, Bobby Taylor Oil Company has been highly regarded as a best-in-class operation providing quality fuels and reliable service to the local communities.

Johnny Taylor Jr., the Company's President commented, "Selling a business can be stressful; you will need experts in that field to help you navigate through the process. We were grateful to have Matrix handle this for us."

Matrix provided merger and acquisition advisory services to BTOC, which included valuation advisory, marketing the business through a confidential, structured sale process, and negotiation of the transaction. The transaction was managed by John Duni, CFA, CPA, Vice President; Spencer Cavalier, CFA, ASA, Co-Head of Matrix's Downstream Energy & Convenience Retail Investment Banking Group; and Jared de Perio, Analyst.

Mr. Cavalier added, "While Mr. Bobby Taylor laid the foundation, Johnny and his family built BTOC into one of the most reputable refined fuels and retail propane distributors in the industry, evidenced by their organic growth and customer retention rates. We were honored to serve as their advisor."

R. Williford McCauley of Williford McCauley - Attorney at Law served as legal counsel to the Company.

About Matrix's Downstream Energy & Convenience Retail Investment Banking Group:

Matrix's Downstream Energy & Convenience Retail Investment Banking Group is recognized as the national leader in providing transactional advisory services to companies in the downstream energy and multi-site retail sectors including convenience retailing, petroleum marketing & distribution, propane distribution, heating oil distribution, lubricants distribution, petroleum logistics, terminals, car washes and quick service restaurants. Group members are dedicated to these sectors and draw upon complementary experiences to provide advisory services to complete sophisticated merger and acquisition transactions, debt and equity capital raises, corporate valuations, special situations and strategic planning engagements. Since 1997, our Downstream Energy & Convenience Retail Investment Banking Group has successfully completed over 300 engagements with a total transaction value of more than $15 billion.

About Matrix Capital Markets Group, Inc.:

Founded in 1988, Matrix Capital Markets Group, Inc. is an independent, advisory focused, privately-held investment bank headquartered in Richmond, VA, with additional offices in Baltimore, MD and New York, NY. Matrix provides merger & acquisition and financial advisory services for privately-held, private-equity owned, not-for-profit and publicly traded companies. Matrix's advisory services include company sales, recapitalizations, capital raises of debt & equity, corporate carve outs, special situations, management buyouts, corporate valuations and fairness opinions. Matrix serves clients in a wide range of industries, including automotive aftermarket, building products, car washes, consumer products, convenience retail, downstream energy, healthcare and industrial products.

For additional information or to contact our team members, please visit https://matrixcmg.com/.

Securities offered by MCMG Capital Advisors, Inc., an affiliate of Matrix Capital Markets Group, Inc., Member FINRA & SIPC

Matrix Capital Markets Group, Inc. ("Matrix"), a leading, independent investment bank, announces the successful closing on the sale of Bobby Taylor Oil Company, Inc. and T&S Transport, Inc. ("BTOC" or the "Company") to Parker Oil Company Incorporated. Based in Fayetteville, North Carolina, BTOC is a leading supplier of retail propane, commercial refined fuels, and racing gas to a diverse customer base of residential and commercial accounts throughout the state of North Carolina.

Related link: https://www.matrixcmg.com/

Matrix Announces the Sale of Santmyer Companies, Inc.’s Convenience Retail and Branded Dealer Wholesale Businesses

RICHMOND, Va. /ScoopCloud/ -- Matrix Capital Markets Group, Inc. ("Matrix"), a leading, independent investment bank, announces that it has advised Santmyer Companies, Inc. ("Santmyer" or the "Company") on the sale of its Red Rover convenience retail stores to Par Mar Oil Company and its branded dealer wholesale business to Countywide Petroleum Company (subsidiaries of Croton Holdings Co.). Santmyer is a leading privately-owned and family operated full-service distributor whose primary offerings include diesel, gasoline, propane, lubricants, diesel exhaust fluid and logistics services.

Santmyer was founded in 1952 when Myron Santmyer opened a Gulf service station in Dalton, OH, and became a Gulf distributor. In 1980, Terry Santmyer (Myron's son) purchased the business, which at the time was comprised of just two tank wagons and four employees. Terry began building the Company into a leading full-service petroleum marketer that today employs more than 175 Ohioans. Santmyer purchased a Marathon jobbership in 1999, and in 2012, Zach Santmyer (Terry's son) became president of the Company. Under Zach's leadership, Santmyer expanded into propane, developed the Red Rover brand, became a Chevron-branded lubricants distributor, added the Sunoco and Exxon brands to offer customers a more comprehensive slate of fuels, and leveraged technology to modernize the Company.

In 2021, Zach engaged Matrix to perform a strategic review of the Company to assess capital allocation and the return on investment between business segments. With that analysis, the Company decided to focus on the distribution of propane, commercial fuels, and lubricants. In early 2023, Santmyer purchased the commercial fuels and propane assets of Cole Distributing and made the strategic decision to divest its convenience retail and branded wholesale businesses.

Matrix provided merger and acquisition advisory services to Santmyer, which included valuation advisory, marketing the business through a confidential, structured sale process, and negotiation of the sale. The transaction was managed by Andrew LoPresti, CPA, CFA, Vice President; Spencer Cavalier, CFA, Co-Head of Matrix's Downstream Energy & Convenience Retail Investment Banking Group; and Kyle Tipping, CFA, Senior Associate.

Zach Santmyer, President of Santmyer, stated, "We are committed to evolving and growing our Company based on our core competencies, and we engaged Matrix years ago as an advisor in that planning and evaluation process. Based on our strategic goals, we decided to divest our convenience retail and branded dealer wholesale businesses to narrow our strategic focus on commercial fuels, propane, lubricants, automated cardlocks and car washes. This transaction puts Santmyer in a great position to pursue future growth opportunities that align with these segments going forward. The Matrix team ran a very structured process that yielded an outstanding result, and I would like to thank them for the expertise and dedication they provided throughout this transaction."

Mr. Cavalier added, "We have had the honor of working with Santmyer's talented management team for years. Zach and Nate have made a series of strategic decisions to grow the Company's core distribution business. We are thankful to be their advisor."

Christopher Pycraft and Easton Saltsman of Critchfield, Critchfield & Johnston served as legal counsel for Santmyer.

About Matrix's Downstream Energy & Convenience Retail Investment Banking Group:

Matrix's Downstream Energy & Convenience Retail Investment Banking Group is recognized as the national leader in providing transactional advisory services to companies in the downstream energy and multi-site retail sectors including convenience retailing, petroleum marketing & distribution, propane distribution, heating oil distribution, lubricants distribution, petroleum logistics, terminals, car washes and quick service restaurants. Group members are dedicated to these sectors and draw upon complementary experiences to provide advisory services to complete sophisticated merger and acquisition transactions, debt and equity capital raises, corporate valuations, special situations and strategic planning engagements. Since 1997, our Downstream Energy & Convenience Retail Investment Banking Group has successfully completed over 300 engagements with a total transaction value of more than $15 billion.

About Matrix Capital Markets Group, Inc.:

Founded in 1988, Matrix Capital Markets Group, Inc. is an independent, advisory focused, privately-held investment bank headquartered in Richmond, VA, with additional offices in Baltimore, MD and New York, NY. Matrix provides merger & acquisition and financial advisory services for privately-held, private-equity owned, not-for-profit and publicly traded companies. Matrix's advisory services include company sales, recapitalizations, capital raises of debt & equity, corporate carve outs, special situations, management buyouts, corporate valuations and fairness opinions. Matrix serves clients in a wide range of industries, including automotive aftermarket, building products, car washes, consumer products, convenience retail, downstream energy, healthcare and industrial products.

For additional information or to contact our team members, please visit https://matrixcmg.com/.

Securities offered by MCMG Capital Advisors, Inc., an affiliate of Matrix Capital Markets Group, Inc., Member FINRA & SIPC

Matrix Capital Markets Group, Inc. ("Matrix"), a leading, independent investment bank, announces that it has advised Santmyer Companies, Inc. ("Santmyer" or the "Company") on the sale of its Red Rover convenience retail stores to Par Mar Oil Company and its branded dealer wholesale business to Countywide Petroleum Company (subsidiaries of Croton Holdings Co.). Santmyer is a leading privately-owned and family operated full-service distributor whose primary offerings include diesel, gasoline, propane, lubricants, diesel exhaust fluid and logistics services.

Related link: https://www.matrixcmg.com/

Matrix Announces the Successful Sale of Day Motor Sports, LLC

BALTIMORE, Md. /ScoopCloud/ -- Matrix Capital Markets Group, Inc. ("Matrix"), a leading, independent investment bank, is pleased to announce the sale of Day Motor Sports, LLC ("Day Motor Sports" or the "Company") to Chief Executive Officer Dan Hamilton and Chief Financial Officer Stacy Hamilton. Prior to the sale, Day Motor Sports was owned by funds managed by Gen Cap America, Inc. ("Gen Cap"), a private investment firm headquartered in Nashville, Tennessee.

Since 1971, Day Motor Sports has been a leading bumper-to-bumper distributor of aftermarket parts and supplies for the enthusiast racing industry. Headquartered in Tyler, Texas, the Company is the preeminent supplier of dirt track racing parts in the Southern United States, with the ability to ship to all 50 states and internationally. The business stocks over 15,000 SKUs in its 46,000 square foot facility, earning the Company a reputation as the premier one-stop entity for its targeted markets.

Despite its origins as a catalog distributor, Day Motor Sports has grown its sales approach through multiple channels, including e-commerce, broadening its reach to retail customers, as well as local parts distributors, manufacturers, and institutional vehicle builders.

Matrix provided merger and acquisition advisory services to Day Motor Sports, which included valuation advisory, marketing the business through a confidential, structured sale process, and negotiation of the transaction. The transaction was managed by William O'Flaherty, Managing Director; David Shoulders, Managing Director and Head of Matrix's Consumer & Industrial Investment Banking Group; Matt Oldhouser, CPA, Vice President; Sahan Pandey, Senior Analyst; and Hampton Massie, Analyst.

Mr. O'Flaherty remarked, "This transaction continues Matrix's excellent momentum in the automotive and enthusiast markets. We see excellent opportunities ahead in each of these industries and are glad we were able to utilize our relevant expertise in this transaction."

Mr. Shoulders added, "We are grateful to have had the opportunity to represent Gen Cap in this transaction. Our relationship with Gen Cap spans decades and we are pleased to have achieved a successful outcome on this important assignment. We also congratulate Dan and Stacy and wish them continued success."

Tyson Bickley at Holland & Knight LLP served as legal counsel for Day Motor Sports.

About Matrix Capital Markets Group, Inc.:

Founded in 1988, Matrix Capital Markets Group, Inc. is an independent, advisory focused, privately-held investment bank headquartered in Richmond, VA, with additional offices in Baltimore, MD and New York, NY. Matrix provides merger & acquisition and financial advisory services for privately-held, private-equity owned, not-for-profit and publicly traded companies. Matrix's advisory services include company sales, recapitalizations, capital raises of debt & equity, corporate carve outs, special situations, management buyouts, corporate valuations and fairness opinions. Matrix serves clients in a wide range of industries, including automotive aftermarket, building products, car washes, consumer products, convenience retail, downstream energy, healthcare and industrial products.

For additional information or to contact our team members, please visit https://matrixcmg.com/.

Securities offered by MCMG Capital Advisors, Inc., an affiliate of Matrix Capital Markets Group, Inc., Member FINRA & SIPC

Matrix Capital Markets Group, Inc. ("Matrix"), a leading, independent investment bank, is pleased to announce the sale of Day Motor Sports, LLC ("Day Motor Sports" or the "Company") to Chief Executive Officer Dan Hamilton and Chief Financial Officer Stacy Hamilton. Prior to the sale, Day Motor Sports was owned by funds managed by Gen Cap America, Inc. ("Gen Cap"), a private investment firm headquartered in Nashville, Tennessee.

Related link: https://www.matrixcmg.com/

Matrix Announces the Successful Sale of Coborn’s, Inc.’s Holiday Franchised Fuel and Convenience Stores

RICHMOND, Va. /ScoopCloud/ -- Matrix Capital Markets Group, Inc. ("Matrix"), a leading, independent investment bank, announces that it has advised Coborn's, Inc. ("Coborn's" or the "Company") on the sale of its 14 Holiday franchised fuel and convenience stores and one developmental site to Holiday Stationstores, LLC.

St. Cloud, Minnesota based Coborn's is a 102-year-old, employee-owned grocery retailer with nearly 10,000 employees and 77 grocery stores across Minnesota, North Dakota, South Dakota, Wisconsin, Michigan and Illinois under the banners Coborn's, Cash Wise Foods, Hornbacher's, Tadych's Marketplace Foods and Sullivan's Foods. Coborn's entered the convenience store business in 1986 with its Little Dukes branded convenience stores and converted 14 locations to Holiday franchised stores in 2006. Coborn's operates several fuel, liquor and pharmacy locations as well. To support its 200 various retail business units, Coborn's also operates its own central bakery, dry cleaning facility and grocery distribution center.

Coborn's was founded in 1921 by Chester A. Coborn who opened a one-room produce store in Sauk Rapids, Minnesota. Chris Coborn, a fourth-generation family member, is the current CEO and Chairman of the Board and his daughter Emily Coborn Wright, Vice President of Retail Support Services, and his son Peter Coborn, Director of Liquor Operations, are fifth-generation family members in leaderships roles.

Matrix provided merger and acquisition advisory services to Coborn's, which included valuation advisory, marketing the business through a confidential, structured sale process, and negotiation of the sale. The transaction was managed by Spencer Cavalier, CFA, Co-Head of Matrix's Downstream Energy & Convenience Retail Investment Banking Group; John Underwood, Managing Director; Nate Wah, CPA, Senior Associate; and G. Reilly Erhardt, CPA, Analyst.

Chris Coborn, CEO of Coborn's stated, "We are very pleased with the assistance Matrix provided in divesting our Holiday franchised fuel and convenience stores. This is part of Coborn's overall strategy to focus our growth efforts on the grocery store market. Matrix's efforts have led to the successful sale of our Holiday franchise stores to our long-term franchisor partner, Holiday. The transaction provides continuity to our store employees and customers, as the stores will remain Holiday branded and continue to accept the Coborn's MORE Rewards program. Matrix did an excellent job at meeting our strategic objectives in the sale."

Mr. Underwood added, "Chris and his team have done a tremendous job growing the Coborn's family business. The family legacy is incredibly impressive with what they have achieved over the last century since the Company's founding. I am very pleased that Matrix was able to contribute to Coborn's future growth by selling the Holiday franchised stores to allow for more capital deployment for Coborn's strategic growth initiatives."

Robert A. Rosenbaum and Morgan A. Helme of Dorsey & Whitney LLP served as external legal counsel for Coborn's, Inc.

About Matrix's Downstream Energy & Convenience Retail Investment Banking Group:

Matrix's Downstream Energy & Convenience Retail Investment Banking Group is recognized as the national leader in providing transactional advisory services to companies in the downstream energy and multi-site retail sectors including convenience retailing, petroleum marketing & distribution, propane distribution, heating oil distribution, lubricants distribution, petroleum logistics, terminals, car washes and quick service restaurants. Group members are dedicated to these sectors and draw upon complementary experiences to provide advisory services to complete sophisticated merger and acquisition transactions, debt and equity capital raises, corporate valuations, special situations and strategic planning engagements. Since 1997, our Downstream Energy & Convenience Retail Investment Banking Group has successfully completed over 300 engagements with a total transaction value of more than $15 billion.

About Matrix Capital Markets Group, Inc.:

Founded in 1988, Matrix Capital Markets Group, Inc. is an independent, advisory focused, privately-held investment bank headquartered in Richmond, VA, with additional offices in Baltimore, MD and New York, NY. Matrix provides merger & acquisition and financial advisory services for privately-held, private-equity owned, not-for-profit and publicly traded companies. Matrix's advisory services include company sales, recapitalizations, capital raises of debt & equity, corporate carve outs, special situations, management buyouts, corporate valuations and fairness opinions. Matrix serves clients in a wide range of industries, including automotive aftermarket, building products, car washes, consumer products, convenience retail, downstream energy, healthcare and industrial products.

For additional information or to contact our team members, please visit https://matrixcmg.com/.

Securities offered by MCMG Capital Advisors, Inc., an affiliate of Matrix Capital Markets Group, Inc., Member FINRA & SIPC

Matrix Capital Markets Group, Inc. ("Matrix"), a leading, independent investment bank, announces that it has advised Coborn's, Inc. ("Coborn's" or the "Company") on the sale of its 14 Holiday franchised fuel and convenience stores and one developmental site to Holiday Stationstores, LLC.

Related link: https://www.matrixcmg.com/

Matrix Announces the Successful Sale of Springer Eubank Company, Inc.

RICHMOND, Va. /ScoopCloud/ -- RICHMOND, Va. and BALTIMORE, Md., Nov. 2, 2023 (SEND2PRESS NEWSWIRE) -- Matrix Capital Markets Group, Inc. ("Matrix"), a leading, independent investment bank, announces that it has advised Wilmington, NC-based Springer Eubank Company, Inc. and its affiliates ("Springer Eubank" or the "Company") on the sale of the Company's assets including the travel center & convenience & gas division ("TC&G Division") and its delivered fuels and fuel transport divisions to an affiliate of Petroleum Marketing Group, Inc.

The origin of Springer Eubank dates back to the 1800's when Springer Coal and Eubank Oil began marketing petroleum products in the coastal Carolinas. In 1976, they merged to form Springer Eubank Oil Company, and in 2004 was acquired by W. Cecil Worsley, III and became Springer Eubank Company, Inc. Greta Stanley, Springer Eubank's Executive Vice President had previously worked with Mr. Worsley since 2005 at Worsley Companies (Scotchman Stores), and she later joined Springer Eubank in 2008 when the company sold. At the time of the sale of Worsley Companies, Springer Eubank was a sister wholesale fuel company that was retained by Mr. Worsley.

Springer Eubank's TC&G Division is comprised of nine company-operated convenience stores, one travel center, one cardlock, six dealer/agent operated sites and one greenfield landbank site located in the greater Wilmington, NC area, as well as eastern South Carolina. The convenience stores operate under the locally well-known "Phoenix Mart" banner, while the travel center is branded "Phoenix Travel Center." The stores market major fuel brands including Amoco, Exxon and Sunoco and three locations feature the Company's proprietary "Coastal Fuels" gasoline and diesel. Three locations offer QSR foodservice, including two Subways and one Jimmy Johns.

The delivered fuels segment operates out of the Company's bulk plant located near the port of Wilmington and distributes diesel, gasoline and kerosene to a variety of commercial and marine customers. Springer Eubank's fuel transport division supports both the TC&G and delivered fuels divisions and consists of a fleet of nine transports.

Matrix provided merger and acquisition advisory services to Springer Eubank, which included valuation advisory, marketing the business through a confidential, structured sale process, and negotiation of the transaction. The transaction was managed by David Corbett, CFA, Director; Spencer Cavalier, CFA, ASA, Co-Head of Matrix's Downstream Energy & Convenience Retail Investment Banking Group; John Mickelinc, CFA, Senior Associate and Alexander Rakos, Senior Analyst.

Mr. Worsley commented, "I have known the Matrix team for many years and was aware of the outstanding reputation that they have in the industry. Their knowledge of the market and skill in executing a highly effective M&A process made them the clear choice when deciding who to hire as an advisor. Matrix was instrumental in achieving my goals for the sale of Springer Eubank."

Mr. Corbett added, "Cecil and the Worsley family have been well-respected in the industry for many years. Cecil has built Springer Eubank into one of the leading petroleum marketers in Wilmington and the surrounding areas. We were honored to represent him in the sale of the Company as he transitions his focus to his other entrepreneurial ventures."

Stephen Diab, Berry Trice and Lauren Williams of Murchison, Taylor & Gibson, PLLC served as legal counsel for Springer Eubank Company, Inc.

About Matrix's Downstream Energy & Convenience Retail Investment Banking Group:

Matrix's Downstream Energy & Convenience Retail Investment Banking Group is recognized as the national leader in providing transactional advisory services to companies in the downstream energy and multi-site retail sectors including convenience retailing, petroleum marketing & distribution, propane distribution, heating oil distribution, lubricants distribution, petroleum logistics, terminals, car washes and quick service restaurants. Group members are dedicated to these sectors and draw upon complementary experiences to provide advisory services to complete sophisticated merger and acquisition transactions, debt and equity capital raises, corporate valuations, special situations and strategic planning engagements. Since 1997, our Downstream Energy & Convenience Retail Investment Banking Group has successfully completed over 300 engagements with a total transaction value of more than $15 billion.

About Matrix Capital Markets Group, Inc.:

Founded in 1988, Matrix Capital Markets Group, Inc. is an independent, advisory focused, privately-held investment bank headquartered in Richmond, VA, with additional offices in Baltimore, MD and New York, NY. Matrix provides merger & acquisition and financial advisory services for privately-held, private-equity owned, not-for-profit and publicly traded companies. Matrix's advisory services include company sales, recapitalizations, capital raises of debt & equity, corporate carve outs, special situations, management buyouts, corporate valuations and fairness opinions. Matrix serves clients in a wide range of industries, including automotive aftermarket, building products, car washes, consumer products, convenience retail, downstream energy, healthcare and industrial products.

For additional information or to contact our team members, please visit https://matrixcmg.com/.

Securities offered by MCMG Capital Advisors, Inc., an affiliate of Matrix Capital Markets Group, Inc., Member FINRA & SIPC

Matrix Capital Markets Group, Inc. ("Matrix"), a leading, independent investment bank, announces that it has advised Wilmington, NC-based Springer Eubank Company, Inc. and its affiliates ("Springer Eubank" or the "Company") on the sale of the Company's assets including the travel center & convenience & gas division ("TC&G Division") and its delivered fuels and fuel transport divisions to an affiliate of Petroleum Marketing Group, Inc.

Related link: https://www.matrixcmg.com/

Affinity Plus Federal Credit Union Selects LenderLogix’s QuickQual to Improve Transparency and Responsiveness During Mortgage Borrowers’ Home Search

BUFFALO, N.Y. /ScoopCloud/ -- LenderLogix, a leading provider of mortgage point-of-sale and automation software for banks, credit unions, independent mortgage banks and brokers, today announced that Minnesota-based Affinity Plus Federal Credit Union (Affinity Plus) has selected its pre-approval letter generation tool QuickQual to provide borrowers with a white-labeled, digitally-driven entry point into their homebuying experience.

"Each member engaging in the mortgage process is different, and we thought our technology should reflect that experience," said Tara Rutz, Mortgage Servicing and Origination Manager, Affinity Plus Federal Credit Union. "QuickQual enables us to deliver a highly engaging experience for our members, including generating pre-approval letters quickly and efficiently. Additionally, the interactive tool will allow members to preview real-time costs (down payment, monthly payments, cash to close, etc...) of purchasing their next home and adjust accordingly to the properties they are viewing within the parameters set forth in the pre-approval."

With QuickQual, loan officers set parameters within the system based on the borrower's maximum pre-approved loan amount. From there, borrowers and their real estate agents can generate pre-approval letters on demand and run payment scenarios based on those parameters, thus providing borrowers with a deeper understanding of their capacity to purchase on a house-by-house basis.

"Affinity Plus is a perfect example of the difference thoughtful tech investment can make in helping credit unions compete effectively in today's market," said LenderLogix Co-Founder and CEO Patrick O'Brien. "This is exactly what we intended when designing our suite of products - to improve lenders' operations by addressing the gaps in their existing tech stack and provide a stellar user experience for their customers."

About LenderLogix:

LenderLogix leverages the four decades of firsthand mortgage origination and real estate experience of its executive team to design customized software and APIs to meet the needs of today's mortgage lenders. The company's suite of products addresses the speed at which today's real estate market moves by delivering technology solutions that create agile and informed borrowers, build strong referral partners and ultimately save lenders time and money.

For more information, visit https://www.lenderlogix.com/.

RELATED LINKS:

https://lenderlogix.com/quickqual-demo

LenderLogix, a leading provider of mortgage point-of-sale and automation software for banks, credit unions, independent mortgage banks and brokers, today announced that Minnesota-based Affinity Plus Federal Credit Union (Affinity Plus) has selected its pre-approval letter generation tool QuickQual to provide borrowers with a white-labeled, digitally-driven entry point into their homebuying experience.

Related link: https://www.lenderlogix.com/

Flanagan State Bank selects Dovenmuehle for its mortgage subservicing needs

LAKE ZURICH, Ill. /ScoopCloud/ -- Dovenmuehle Mortgage, Inc. (Dovenmuehle), a leading mortgage subservicing company, announced today that Flanagan State Bank, a community bank headquartered in central Illinois, has selected Dovenmuehle to subservice its mortgage loan portfolio and deliver enhanced service to the bank's mortgage customers.

Flanagan State Bank specializes in residential mortgages and agricultural lending. As the bank and its home lending programs have expanded, it needed a subservicer that could handle multiple loan types, including USDA, FHA, VA and conventional, while simultaneously providing the high level of personal customer service to which Flanagan State Bank customers are accustomed.

"We wanted to provide a better user experience for our borrowers, and with Dovenmuehle's self-service technology, our borrowers have a lot more insight into their mortgage loans at their fingertips," said Audrey Harlan, President of Flanagan State Bank. "Not to mention, onboarding was an extremely smooth process. As a family-owned bank, we were apprehensive about working with such a large company, but Dovenmuehle has repeatedly proven to be an excellent resource."

Dovenmuehle has extensive experience in working with community banks of all sizes nationwide. As local lending institutions, these banks place a high priority on personal service while wanting to deliver modern digital banking solutions for their borrowers as well. For example, Dovenmuehle provides its lender clients with a white-labeled platform that enables lenders' customers to access key information regarding their mortgage loans and, in many cases, self-serve. In addition to providing access via web browser, the platform also includes a native mobile application, which has consistently earned a 4.9-out-of-5 star rating on the Apple App Store.

"It can be difficult for lenders to decide when, how and who should manage their servicing needs. At Dovenmuehle, we understand the gravity of this decision and strive not only to provide solutions for lenders of all sizes but also to assure our clients that their borrowers are in the best hands," said Dovenmuehle Vice President of Business Development Anna Krogh. "It's an honor to hold such a responsibility, and we are delighted that Flanagan State Bank has entrusted us with managing its servicing assets and treasured clients."

About Dovenmuehle

Founded in 1844, Dovenmuehle (Lake Zurich, Ill.) is a mortgage subservicer for commercial banks, credit unions, independent mortgage lenders, MSR investors and state housing finance agencies nationwide. The company subservices portfolio loans, as well as loans sold to Fannie Mae, Freddie Mac, Ginnie Mae and the Federal Home Loan Bank with servicing retained. Using a combination of best-in-class and proprietary technology, Dovenmuehle helps lenders reduce servicing costs and deliver consistently high levels of service to homeowners while maintaining compliance with investor and regulatory requirements. Learn more at https://dovenmuehle.com.

Dovenmuehle Mortgage, Inc. (Dovenmuehle), a leading mortgage subservicing company, announced today that Flanagan State Bank, a community bank headquartered in central Illinois, has selected Dovenmuehle to subservice its mortgage loan portfolio and deliver enhanced service to the bank's mortgage customers.

Related link: https://dovenmuehle.com/

Northwest Bank Collects Fees within Minutes with LenderLogix FeeChaser

BUFFALO, N.Y. /ScoopCloud/ -- LenderLogix, a leading provider of mortgage point-of-sale and automation software for banks, credit unions, independent mortgage banks, and brokers, today announced Northwest Bank has selected its payment processing platform Fee Chaser to ensure compliant collection of upfront fees and deliver borrowers a five-star digital experience.

Fee Chaser integrates with Northwest Bank's loan origination system (LOS) to send a unique link to the borrower within one click. On average, borrowers make a payment within five minutes of receiving the link. Once paid, all parties receive a receipt, and the LOS is automatically updated.

"As a service-oriented bank, we're constantly seeking ways to enhance the value we provide to our customers. Fee Chaser has taken our borrower experience to the next level by helping us extend the five-star service we deliver to our mortgage customers beyond the initial point of contact," said Rocco Diina, Northwest Bank Senior VP and Head of Mortgage Sales. "Thanks to the support from the LenderLogix team, we were able to go live within a matter of weeks."

"Our partnership with Northwest Bank is an example of our commitment to empowering lenders with cutting-edge technology to enhance their operations," said Patrick O'Brien, Co-Founder and CEO of LenderLogix. "It's our firm belief that borrower experience is the key differentiator for lenders. The lenders investing in their tech now in a down market will be the same lenders at the top when the market reverses course."

About LenderLogix
LenderLogix leverages the four decades of firsthand mortgage origination and real estate experience of its executive team to design customized software and APIs to meet the needs of today's mortgage lenders. The company's suite of products addresses the speed at which today's real estate market moves by delivering technology solutions that create agile and informed borrowers, build strong referral partners and ultimately save lenders time and money. For more information, visit https://www.lenderlogix.com/.

RELATED LINKS:
https://www.lenderlogix.com/fee-chaser

LenderLogix, a leading provider of mortgage point-of-sale and automation software for banks, credit unions, independent mortgage banks, and brokers, today announced Northwest Bank has selected its payment processing platform Fee Chaser to ensure compliant collection of upfront fees and deliver borrowers a five-star digital experience.

Related link: https://www.lenderlogix.com/

Matrix Announces the Successful Sale of Vital Plastics, Inc.

BALTIMORE, Md. /ScoopCloud/ -- Matrix Capital Markets Group, Inc. ("Matrix"), a leading, independent investment bank, is pleased to announce the sale of Vital Plastics, Inc. ("Vital Plastics" or the "Company"), a high-volume manufacturer and assembler of injection molded plastic products, to Wolverine Capital Partners ("Wolverine Capital").

Headquartered in Baldwin, WI, Vital Plastics provides injection molding, assembly operations, and tooling solutions to the transportation, industrial, consumer durable, and building product sectors. Operating out of two facilities, totaling over 65,000 combined square feet, the Company manufactures products such as automotive and window clips, industrial components and medical parts, among others, for a blue chip customer base of numerous Fortune 500 entities located throughout the United States. Value-added capabilities, including advanced engineering and design consulting, coupled with unrivaled responsiveness and customer service, has earned Vital Plastics its reputation as a preeminent manufacturer of injection molded products.

Over the past decade, leadership of the organization has transitioned from majority owner Terry Townsend to CEO George Hauser and President & CFO Matthew Fish. Mr. Hauser and Mr. Fish have been instrumental in helping grow and modernize the Company during that period, including driving the implementation of industry-leading automation and reporting systems. Mr. Fish will continue as the lead of day-to-day operations moving forward.

Regarding the transaction, Mr. Fish commented, "We are pleased to partner with the Wolverine Capital team. Of all the groups we interacted with, their team resonated most deeply with us given their straightforward approach and passion for building businesses. We are uniquely aligned in recognizing the attributes that have driven the Company's success: its loyal employee base and longstanding customer relationships, most of which date back multiple decades. We look forward to our next chapter of growth with Wolverine Capital."

Matrix provided merger and acquisition advisory services to Vital Plastics, which included valuation advisory, marketing the business through a confidential, structured sale process, and negotiation of the transaction. The transaction was managed by William O'Flaherty, Managing Director; David Shoulders, Managing Director and Head of Matrix's Consumer & Industrial Investment Banking Group; Matt Oldhouser, CPA, Senior Associate; Sahan Pandey, Senior Analyst; and Hampton Massie, Analyst.

Regarding Matrix's services, Mr. Hauser noted, "My partners and I were impressed by the level of commitment and sophistication that Matrix brought to the transaction. Their detailed knowledge of our specific industry, paired with their experience in transaction advisory, created tremendous value for us. We are extremely grateful for their efforts."

Mr. O'Flaherty added, "We are thrilled to have found such an excellent partner for Vital Plastics. We congratulate Terry on building such an impressive business and commend George for the tremendous work he's done as CEO to position the organization for the next phase of growth. We have no doubt that Matt will continue to find success as part of this new partnership given his commitment to providing world-class services to his customers."

Brian Pitney and David Carroll of Sands Anderson PC served as legal counsel for Vital Plastics. Dykema Gossett PLLC served as legal counsel for Wolverine Capital.

About Matrix Capital Markets Group, Inc.

Founded in 1988, Matrix Capital Markets Group, Inc. is an independent, advisory focused, privately-held investment bank headquartered in Richmond, VA, with additional offices in Baltimore, MD and New York, NY. Matrix provides merger & acquisition and financial advisory services for privately-held, private-equity owned, not-for-profit and publicly traded companies. Matrix's advisory services include company sales, recapitalizations, capital raises of debt & equity, corporate carve outs, special situations, management buyouts, corporate valuations and fairness opinions.

Matrix serves clients in a wide range of industries, including automotive aftermarket, building products, car washes, consumer products, convenience retail, downstream energy, healthcare and industrial products.

For additional information or to contact our team members, please visit https://matrixcmg.com/.

Securities offered by MCMG Capital Advisors, Inc., an affiliate of Matrix Capital Markets Group, Inc., Member FINRA & SIPC

Matrix Capital Markets Group, Inc. ("Matrix"), a leading, independent investment bank, is pleased to announce the sale of Vital Plastics, Inc. ("Vital Plastics" or the "Company"), a high-volume manufacturer and assembler of injection molded plastic products, to Wolverine Capital Partners ("Wolverine Capital").

Related link: https://www.matrixcmg.com/

Matrix Announces the Successful Sale of BeWell Network, LLC

RICHMOND, Va. /ScoopCloud/ -- Matrix Capital Markets Group, Inc. ("Matrix"), a leading, independent investment bank, announces that it has advised BeWell Network, LLC ("BeWell" or the "Company") on its successful sale to H.E.R. Management, LLC.

BeWell is a residential and outpatient behavioral health provider focused on the treatment of substance use disorder. The Company operates in two markets, San Juan Capistrano and Dana Point in Orange County, California and Santa Barbara, California.

BeWell's service offerings include detoxification, residential care, a partial hospitalization program (PHP), and an intensive outpatient program (IOP) for substance use disorder treatment in both Orange County and Santa Barbara, as well as PHP and IOP for primary mental health care treatment in Santa Barbara. To support patients enrolled in BeWell's outpatient programs, the Company also operates sober living homes in each of its two markets. The Company is contracted with many of the payors that have a significant presence in Southern California.

BeWell prides itself on the quality of its substance use disorder recovery programs and has a highly trained staff dedicated to patient recovery. The Company is also focused on developing active alumni programs to support patients once they are out of recovery.

BeWell is Joint Commission accredited and LegitScript certified.

Matrix provided M&A advisory services to BeWell, including marketing the transaction, advising on valuation, deal structure, and other transaction terms, and ultimately achieving a successful execution. The transaction was managed by Vasanta Pundarika, Head of Matrix's Healthcare Investment Banking Group, Casey Van de Walle, Director, and Barrett Smith, Analyst.

Ms. Pundarika said, "We are happy to have worked with the owners of BeWell Network as their financial advisors on this transaction. Under new ownership, we look forward to seeing BeWell implement an enhanced growth strategy, while continuing to provide high quality care to its patients."

About Matrix Capital Markets Group, Inc.

Founded in 1988, Matrix Capital Markets Group, Inc. is an independent, advisory focused, privately-held investment bank headquartered in Richmond, VA, with additional offices in Baltimore, MD and New York, NY. Matrix provides merger & acquisition and financial advisory services for privately-held, private-equity owned, not-for-profit and publicly traded companies.

Matrix's advisory services include company sales, recapitalizations, capital raises of debt & equity, corporate carve outs, special situations, management buyouts, corporate valuations and fairness opinions. Matrix serves clients in a wide range of industries, including automotive aftermarket, building products, car washes, consumer products, convenience retail, downstream energy, healthcare and industrial products.

For additional information or to contact our team members, please visit https://matrixcmg.com/.

MATRIX CAPITAL MARKETS GROUP, INC.

800 East Canal Street, Suite 850 | Richmond, VA 23219

Securities offered by MCMG Capital Advisors, Inc., an affiliate of Matrix Capital Markets Group, Inc., Member FINRA & SIPC.

Matrix Capital Markets Group, Inc. ("Matrix"), a leading, independent investment bank, announces that it has advised BeWell Network, LLC ("BeWell" or the "Company") on its successful sale to H.E.R. Management, LLC. BeWell is a residential and outpatient behavioral health provider focused on the treatment of substance use disorder.

Related link: https://www.matrixcmg.com/

Teresa Bryce Bazemore, Inspiring Leader of FHLBank San Francisco, Named FWSF Financial Woman of the Year 2023

SAN FRANCISCO, Calif. /ScoopCloud/ -- Financial Women of San Francisco (FWSF) today named Teresa Bryce Bazemore as the FWSF 2023 Financial Woman of the Year. Ms. Bazemore is the President and CEO of the Federal Home Loan Bank of San Francisco, whose mission is to provide its members with reliable access to low-cost liquidity, essential financial services and expertise, and resources for affordable housing and economic development. Teresa leads the cooperative FHLBank San Francisco in working with its member financial institutions to make the communities served more vibrant, equitable, and resilient.

Throughout her career, Teresa has been dedicated to strengthening communities and making a difference in people's lives. Early in her career, she served on a task force focused on increasing lending to low-to-moderate income people and people of color, an experience that sharpened her focus on expanding access to affordable housing and equitable homeownership opportunity. Teresa also encourages the next generation of leaders to explore career opportunities in the mortgage finance and affordable housing industries, because of how this work directly touches the lives of individuals, families, and communities.

Teresa also recognizes that her growth and career trajectory as a nationally recognized leader was influenced by many mentors and strong female role models. Teresa believes strongly in paying it forward and the FWSF shares Teresa's commitment to making an impact, to mentoring the next generation of leaders, and to advancing women. These are among the many reasons FWSF has named Teresa Bryce Bazemore its 2023 Financial Woman of the Year.

"I deeply appreciate being recognized by Financial Women of San Francisco, an organization that plays an important role in supporting women in my own organization as well as in the wider Bay Area financial services community," said Teresa Bryce Bazemore, president and CEO of FHLBank San Francisco. "It is an honor to be in the company of all the exceptional women leaders who have received this award in years past."

In addition to leading FHLBank San Francisco, Teresa serves on the Board of Directors of T. Rowe Price Funds and First Industrial Realty Trust. She has received many prestigious honors throughout her career. Most recently, during Women's History Month in March 2023 Teresa was highlighted as a "Woman Making History" for her work transcending barriers in the housing finance industry and creating a legacy for future generations. Teresa was named to Savoy magazine's 2022 list of Most Influential Black Executives in Corporate America, which showcases executives, influencers, and achievers who demonstrate an exemplary record of accomplishments and influence while working to better their community and inspire others.

Denise Rigli, FWSF's 2023 President and a Partner at Armanino LLP, shared her excitement regarding this year's honoree, "As economic conditions continue to change and global events shape our financial environment, the world of lending can be a challenging one to navigate, especially for the low-to-moderate income community. It takes an outstanding leader to rise to these challenges and, through an unwavering commitment, make a positive impact on both people today and for generations to come. Teresa has focused her career on ensuring individuals and families have a place to call home and the opportunity to build wealth through homeownership. It is with great respect and admiration that we celebrate Teresa's outstanding accomplishments and honor her as this year's Financial Woman of the Year."

"At FHLBank San Francisco, we benefit as a business from building, nurturing, and leveraging a workforce that represents and reflects the wonderful diversity of the customers and communities we and our member financial institutions serve. The more diverse we are, the better we will be in the future," Bazemore says. "Women bring valuable perspectives to the table and while there has been progress in diversifying the financial sector, there is much work still to be done to achieve equitable representation at the C-level. I believe we have to be intentional about bringing more women into the industry and positioning them for success, which is why strong female role models, mentoring, educational and networking opportunities, and the scholarships that Financial Women of San Francisco provides are so important."

The Financial Woman of the Year award was established in 1996 to celebrate the organization's 40th anniversary. Past FWSF Presidents Leslie Miller and Shelly Porges created the Financial Woman of the Year event with the triple purpose of raising funds for FWSF's scholarship program, increasing awareness of FWSF, and honoring the careers of senior leaders in finance. Since then, it has provided a platform for high-achieving honorees to share their professional experience with others and to inspire other women in their own careers and ambitions. Teresa joins a distinguished list of former honorees including Nancy Pfund, Founder and Managing Partner of DBL Partners; Jenny Johnson, CEO of Franklin Templeton; Terri Kallsen, Chief Operating Officer at Wealth Enhancement Group; Heidi Roizen, Partner at Threshold Ventures; Robin Washington, former chief financial officer (CFO) of Gilead; Debbie Messemer, former managing partner of KPMG's Bay Area Market; Carrie Dolan, CFO of Kraken Digital Asset Exchange; Sarah Friar, CEO of Next Door and former CFO of Square; and Pat Yarrington, former CFO of Chevron.

About Teresa Bryce Bazemore:

Teresa Bryce Bazemore joined FHLBank San Francisco as president and chief executive officer in March 2021. She is a seasoned leader with more than 30 years of executive experience building and leading both mortgage insurance and services businesses. As president of Radian Guaranty from 2008 until 2017, she oversaw strategic planning, business development, and operations for the mortgage insurance business line. Prior to becoming president, she served as Radian's executive vice president, general counsel, corporate secretary, and chief risk officer. Prior to Radian, Ms. Bazemore was senior vice president, general counsel, and corporate secretary for Nexstar Financial Corporation and general counsel for the mortgage banking line of business at Bank of America. Ms. Bazemore served on FHLBank Pittsburgh's board of directors from 2017 to 2019. Professional appointments she has held include Federal Reserve Bank of Philadelphia Economic Advisory Council, Fannie Mae National Advisory Council, and Consumer Advisory Council of the Federal Reserve. Bazemore received her B.A. from the University of Virginia and J.D. from Columbia University.

To learn more about Teresa Bryce Bazemore's incredible leadership and career, please visit: https://www.fhlbsf.com/about/leadership/leadership-team

About the Federal Home Loan Bank San Francisco:

The Federal Home Loan Bank of San Francisco is a member-driven cooperative helping local lenders in Arizona, California, and Nevada build strong communities, create opportunity, and change lives for the better. The tools and resources we provide to our member financial institutions-commercial banks, credit unions, industrial loan companies, savings institutions, insurance companies, and community development financial institutions-propel homeownership, expand access to quality housing, seed or sustain small businesses, and revitalize whole neighborhoods. Together with our members and other partners, we are making the communities we serve more vibrant, equitable, and resilient. For more information about FHLBank San Francisco, please visit: https://www.fhlbsf.com/about.

About Financial Women of San Francisco:

The Financial Women of San Francisco seeks to advance the success of women in finance and financial services and to be a source of insight and inspiration to financial women executives and managers throughout the Bay Area. In addition to the FWSF's professional organization focused on advancing women, since 1985, the FWSF Scholarship Fund (a 501(c)3 organization) has awarded more than $2.7 million in scholarship grants to more than 325 Bay Area women. Beyond financial support, FWSF scholarship recipients are mentored by FWSF members, become members of the organization, and attend career development and networking events.

For more information, please visit https://financialwomensf.org/ or follow Financial Women of San Francisco on LinkedIn, Facebook and Twitter.

Financial Women of San Francisco (FWSF) today named Teresa Bryce Bazemore as the FWSF 2023 Financial Woman of the Year. Ms. Bazemore is the President and CEO of the Federal Home Loan Bank of San Francisco, whose mission is to provide its members with reliable access to low-cost liquidity, essential financial services and expertise, and resources for affordable housing and economic development.

Related link: https://financialwomensf.org/

Leonard Jones Joins Blaylock Van, Wall Street’s Oldest Continually Operating Black-Owned Firm, as Executive Director of Municipal Banking, Public Finance

NEW YORK CITY, N.Y. /ScoopCloud/ -- Industry veteran Leonard Jones has been named Executive Director of Municipal Banking and Head of Public Finance for Blaylock Van, LLC, the nation's longest-continuously operating Black-owned investment firm. In this role, he will lead the firm's banking team and solutions for local and municipal government organizations with a focus on financial and risk management.

Most recently, Jones was Managing Director of Moody's Investors Service, where he managed the company's public finance local government ratings group. Prior to that, he served as Partner and Head of Investment Banking for Rice Financial Products and Vice President of Morgan Stanley and Company in New York as well as Chief Consultant for the Zambia Privatization Agency in Zambia, among other notable industry leadership positions.

"Lenny's extensive leadership and strategic expertise will be a tremendous benefit to our clients and our team, and we are thrilled to welcome him to Blaylock Van," said Blaylock Van CEO and President Eric Standifer. "He is a visionary across municipal finance and investment banking as well as marketing and talent development, which will support the continued growth and innovation of our municipal banking and public finance enterprise."

Jones received his MBA from Stanford University's Graduate School of Business and his bachelor's degree in economics from Dartmouth College. He also serves as Board Treasurer for the New York Urban League.

Certified as a Minority Business Enterprise by the State of New York, the State of Wisconsin, the City of New York, and the National Minority Supplier Development Council, Blaylock Van is 81 percent Black-owned. Blaylock Van serves corporations, municipalities, investment managers, and pension funds with a diverse employee base committed to work beyond financial services.

About Blaylock Van, LLC:

Blaylock Van, LLC (BV) is the oldest and continuously operating Black-owned banking firm in the United States, providing personalized services for clients across the country. Clients include corporations, municipalities, investment managers, pension funds, and family offices. The firm's headquarters are in New York City, with offices in Atlanta, Chicago, Dallas, Miami, and Oakland, Calif.

For more information, please visit https://brv-llc.com/

Industry veteran Leonard Jones has been named Executive Director of Municipal Banking and Head of Public Finance for Blaylock Van, LLC, the nation's longest-continuously operating Black-owned investment firm. In this role, he will lead the firm's banking team and solutions for local and municipal government organizations with a focus on financial and risk management.

Related link: https://brv-llc.com/

Nomis Solutions Featured in Tech Demo Super Session at Consumer Bankers Association Live Conference in Las Vegas March 27-29

SAN FRANCISCO, Calif. /ScoopCloud/ -- Nomis Solutions (Nomis), the leading provider of end-to-end pricing lifecycle management technology, announces its sponsorship of the Consumer Bankers Association (CBA) annual conference, 'LIVE.' In addition to the sponsorship, Nomis will be one of 10 companies featured in CBA Live's Tech Demo Super Session. The session explores innovations from top financial service providers including Salesforce, Blend and Glia.

"The consumer banking industry is at a point where in-branch and digital channel experiences are no longer the best opportunity for differentiation," said Greg Demas, president of Nomis Solutions. "It's our belief that customer-centric pricing is the most important aspect of banking, and the optimal way for Financial Institutions to deliver a differentiated value proposition to their customers. Nomis has been the consumer banking industry's leader in this space for over twenty years, and we continue to be at the front of the innovation curve."

Marking its 14th year in 2023, CBA LIVE is a widely attended annual event for the retail banking industry. Over 1300 senior bankers and industry leaders from across the country will be in attendance this year. CBA LIVE offers quality programming tailored toward professionals motivated to learn new trends and share ideas with the most influential decision-makers in the business. This year's theme is "NEXT," focusing on how bankers can find a clear path for growth and know what's coming down the road.

"In tandem with CBA Live's theme this year, Nomis has long been urging banks to invest in empowering their front-line staff to deliver relevant, thoughtful financial solutions to their retail customers. In a world where consumers expect brands to know them and cater to their individual needs, we look forward to demonstrating the ways our product suite can change the game for bankers worldwide," continued Demas.

To learn more about CBA Live, visit https://www.consumerbankers.com/cba-live

About Nomis Solutions:

Nomis Solutions delivers the most comprehensive and integrated solution for setting, managing and executing price in an iterative and customer-centric system. Nomis is the consumer banking industry's leading software platform capable of standing up to complex bank analytical objectives while also delivering intelligent, data-driven, omnichannel customer experiences. While the company offers an integrated suite of solutions, its powerful collection of APIs allows individual modules to meet each financial institution where they are in their pricing journey to help differentiate and grow their brands by developing relationships with customers that are both individualized and profitable. To learn more, visit https://nomissolutions.com/.

Nomis Solutions (Nomis), the leading provider of end-to-end pricing lifecycle management technology, announces its sponsorship of the Consumer Bankers Association (CBA) annual conference, 'LIVE.' In addition to the sponsorship, Nomis will be one of 10 companies featured in CBA Live's Tech Demo Super Session. The session explores innovations from top financial service providers including Salesforce, Blend and Glia.

Related link: https://www.nomissolutions.com/

Barr Group Mortgage Closes First eNote Transaction through Click n’ Close’s non-delegated correspondent eNote program

ADDISON, Texas /ScoopCloud/ -- Click n' Close, a multi-state mortgage lender serving consumers and mortgage originators through its wholesale and correspondent channels, announced that Alabama-based mortgage banker Barr Group Mortgage has completed the first eNote transaction through Click n' Close's non-delegated correspondent eNote program. Entities participating in the transaction include the registration of the eNote on the MERS® eRegistry (the mortgage industry's approved eNote system of record), Ameris Bank as Barr Group Mortgage's warehouse lender and DocMagic as the eClosing and eVault tech provider.

"We have been blown away by the non-delegated correspondent eNote process offered by Click n' Close," said Elizabeth Moore, Chief Operations Officer at Barr Group Mortgage. "Working with Ameris Bank's warehouse division SVP Jill Gainer helped ensure the set-up process was straightforward, and our first two loans were purchased the day after closing. Using eNotes has eliminated the need for allonges, overnight shipping costs, note corrections and chasing down lost notes."

Through the eNote program, non-delegated correspondents can decrease turn times on their warehouse line to 48 hours or less, ultimately saving them money in the form of reduced interest charges and enabling them to turn over their warehouse lines far more frequently. Click n' Close has established partnerships with multiple warehouse lenders, such as Ameris Bank, to expand warehouse line access to qualified program participants previously financially ineligible for these lines of credit. The approval process for program participants captures most of the relevant financial statements and insurance exhibits requisite to the warehouse approval process, thus materially accelerating the warehouse approval timeline.

"We are thrilled to have our first eNote executed in such efficient timing - less than three weeks from application to closing - and with such renowned partners," said Click n' Close Owner and CEO Jeff Bode. "Our non-delegated correspondent eNote program provides emerging mortgage bankers with a tremendous opportunity to incorporate incredible agility and operational efficiencies into their business from the get-go and enables them to differentiate themselves with their customers, as well as their title and real estate partners, through a convenient digital closing experience."

As Click n' Close's primary technology partner, DocMagic played an integral role in the success of this first transaction. Total eClose is DocMagic's comprehensive eClosing system that provides everything necessary for a paperless eClosing. DocMagic's powerful end-to-end technology provides an intuitive interface that all participants - lenders, settlement service providers, notaries and borrowers - can use immediately, without a steep learning curve.

"Every lender is on the path to digital with the goal of closing electronically and delivering eNotes into the secondary market, but there are many challenges facing smaller lenders," said Brian D. Pannell, Chief eServicing Executive at DocMagic. "Click n' Close, a long-time client, had been seeking a way to support their correspondent lenders who don't have the resources nor the relationships to support conducting transactions with eNotes. We're proud to have been part of their solution."

To learn more about Click n' Close's non-delegated correspondent eNote program, contact Kerry Webb at kerry.webb@clicknclose.com. For existing clients, contact your Click n' Close account executive to find out how your warehouse lender can participate.

About DocMagic:

DocMagic, Inc. is the leading provider of fully compliant document generation, automated compliance, eSignature and comprehensive eMortgage solutions for the mortgage industry. Founded in 1987 and headquartered in Torrance, Calif., DocMagic, Inc. develops award-winning software, mobile apps, and web-based systems for the production and delivery of compliant loan document packages. The company's solutions connect industry participants, promote collaboration, and ensure data integrity to execute precision-based digital lending transactions. The company's compliance experts and in-house legal staff consistently monitor legal and regulatory changes at both the federal and state levels to ensure accuracy. For more information on DocMagic, visit https://www.docmagic.com/.

About Click n' Close, Inc.:

Click n' Close, Inc., formerly known as Mid America Mortgage, is a multi-state mortgage lender serving consumers and mortgage originators through its wholesale and correspondent channels and is also the nation's leading provider of Section 184 home loans for Native Americans. In operation since 1940, Click n' Close has thrived by retaining its entrepreneurial spirit and leading the market in innovation, including its adoption of eClosings and eNotes.

Combining this culture of innovation with a risk management mindset enables Click n' Close to deliver new products to market that address the challenges facing both borrowers and third-party originators (TPOs). These innovations include its USDA one-time close construction loans, proprietary down payment assistance (DPA) program and reverse mortgage division. Its direct relationships with Fannie Mae, Freddie Mac, Ginnie Mae and private investors afford Click n' Close direct access to the capital markets, thus ensuring maximum liquidity for its product innovations. By servicing its loan programs in-house, Click' n' Close provides its wholesale and correspondent partners with an additional level of certainty regarding loan salability and superior borrower service over the life of the loan.

Learn more at https://www.clicknclose.com/.

Click n' Close, a multi-state mortgage lender serving consumers and mortgage originators through its wholesale and correspondent channels, announced that Alabama-based mortgage banker Barr Group Mortgage has completed the first eNote transaction through Click n' Close's non-delegated correspondent eNote program. Entities participating in the transaction include the registration of the eNote on the MERS® eRegistry (the mortgage industry's approved eNote system of record), Ameris Bank as Barr Group Mortgage's warehouse lender and DocMagic as the eClosing and eVault tech provider.

Related link: https://www.clicknclose.com/

Nomis Solutions Elevates Johnathan Bant to Head of Client Relations for Financial Services Market in Canada

TORONTO, Ontario /ScoopCloud/ -- Nomis Solutions (Nomis), the leading provider of end-to-end pricing lifecycle management technology, announced industry veteran Johnathan Bant will serve as Head of Client Relations for Canada. In this role, Bant is responsible for leading Canadian engagements across Nomis' client portfolio as well as non-customer financial institutions (FIs) across the country.

Over the last 10 years, Bant has held several leadership positions within Nomis. Most recently, Bant was the vice president of consulting for the Canada region. In this role, he oversaw Nomis' Canadian client senior relationships and solution engagements to ensure Nomis' clients' continued success. After six years of success in this role, Bant has transitioned to Head of Client Relations for Canada.

"John is extremely respected amongst Canadian financial services firms for his market knowledge and his knack for listening and helping customers achieve their objectives," said Greg Demas, president of Nomis Solutions. "He is deeply rooted in Nomis' history and serves as a model for what a customer-first mentality looks like. We are thrilled to have him lead client relations across the Canadian financial services market and look forward to what he can achieve in this elevated role."

Bant possesses more than 25 years of banking experience in Canada, covering retail, insurance and wealth management at companies such as FICO, JPMorgan Chase, Experian Canada and Equifax Canada. He graduated from Ryerson University with a Bachelor of Business Administration and earned his Master of Business Administration from McMaster University.

About Nomis Solutions:

Nomis Solutions delivers the most comprehensive and integrated solution for setting, managing and executing price in an iterative and customer-centric system. Nomis is the consumer banking industry's leading software platform capable of standing up to complex bank analytical objectives while also delivering intelligent, data-driven, omnichannel customer experiences.

While the company offers an integrated suite of solutions, its powerful collection of APIs allows individual modules to meet each financial institution where they are in their pricing journey to help differentiate and grow their brands by developing relationships with customers that are both individualized and profitable.

To learn more, visit https://nomissolutions.com/.

Nomis Solutions (Nomis), the leading provider of end-to-end pricing lifecycle management technology, announced industry veteran Johnathan Bant will serve as Head of Client Relations for Canada. In this role, Bant is responsible for leading Canadian engagements across Nomis' client portfolio as well as non-customer financial institutions (FIs) across the country.

Related link: https://www.nomissolutions.com/

Blaylock Van, LLC Shares its 2022 Year-End Report

NEW YORK CITY, N.Y. /ScoopCloud/ -- In its year-end report spanning financials, deals, and community investment, Blaylock Van, LLC, the nation's longest continuously operating Black-owned investment banking firm, reported 23 percent growth in notional deal volume year-over-year, with 67 debt capital markets new issues representing nearly $186 billion notional. From 2018 to 2022, Blaylock Van's closed transactions increased by a CAGR of 23 percent and dealt notional value by 50%.

In addition, the firm's municipal team participated in 69 new issue municipal deals approaching $34 billion in debt as of Dec. 1. The team was selected to serve as co-manager on a $3.2 billion Texas Public Finance Authority issuance-the largest the agency has ever issued- and served as co-senior on the $409.7 million City of Atlanta General Obligation Public Improvement Bonds, of which one tranche was classified as Social Bonds.

"Our global team continues to capture new business, report remarkable growth, and showcase the strength of diversity from year to year," said Blaylock Van CEO and President Eric Standifer. "Our 2022 results speak for themselves, and we know we have powerful positive momentum to build on in 2023 and beyond."

Notable debt capital market deals included serving as co-manager on Magallanes' $30 billion transaction, a mega-transaction that opened the new issuance market to issuance in Q1 2022. This was the fifth-largest corporate bond in industry history and the largest deal in 2022. Blaylock Van also served as co-manager on PG&E Wildlife Recovery Funding LLE Series 2022-B $3.9 billion Rate Reduction Bond Securitization.

Furthermore, Blaylock Van served as co-manager for the two largest IPOs in 2022, including TPG's offering, which raised $1.1 billion across 37.2 million shares and was the largest IPO of the year, and Mobileye's IPO, which raised $820 million across 47.15 million shares.

Other key 2022 highlights for Blaylock Van include:

* The firm partnered with Cowen, Inc. to conduct a webinar on Navigating the ESG Path, which centered on bridging the gap between sustainable strategies and financial performance and the intersection of ESG strategy and financial performance.

* Blaylock Van participated in several notable sustainable bond transactions, including a $2 billion Bank of America Sustainability Bond, serving as joint lead; Bank of America used six minority- and women-owned broker dealers as joint lead managers with proceeds to advance racial gender equity, economic opportunity and environmental sustainability. Additionally, the firm participated in the $2.5 billion Citi Inaugural Social Bond for Housing, serving as senior co-manager on the social bond. This was the largest social bond issued by the private sector in 2022 and it won Social Bond of the Year at the Environmental Finance Bond Awards. Bond proceeds will finance construction, rehabilitation and preservation of quality affordable housing for low- and moderate-income populations.

* In February, the company launched an African team based in Nairobi to support U.S. clients in their financial activities throughout the continent. The team, which boasts broad experience across banking, corporate finance, and treasury, leads on a general assessment of and market intelligence on key economics in Africa, focusing on foreign exchange and working capital.

* Blaylock Van expanded its sales and investment banking teams by hiring senior talent across credit sales, syndicate, and capital markets, adding significant experience and expertise in these sectors.

* The global BV team supports nonprofits such as buildOn, which delivers service-learning programs in underserved U.S. high schools and builds schools in some of the world's poorest countries to break the cycle of poverty; CEO Standifer also joined the organization's California Board of Directors. The team also gives time, support, and donations to nonprofits, including the Millionaire Mastermind Academy, which helps create entrepreneurship opportunities for diverse women across the United States, as well as Cancer Care, the leading national organization dedicated to providing free professional supports services to anyone affected by cancer, and San Francisco Achievers, which supports African-American young men in the San Francisco Unified School District to lead and thrive in higher education, among others.

* Blaylock Van was a partner for the 2nd annual United Diversity Business Summit, with Standifer serving as a keynote speaker, where he shared "The Importance of Diverse and Inclusive Decision-Making."

Certified as a Minority Business Enterprise by the State of New York, Wisconsin, the City of New York, and the National Minority Supplier Development Council, Blaylock Van is 89 percent Black-owned. Blaylock Van serves corporations, municipalities, investment managers and pension funds with a diverse employee base committed to work beyond financial services.

About Blaylock Van, LLC:

Blaylock Van, LLC (BV) is the oldest and continuously operating Black-owned banking firm in the United States, providing personalized services for clients across the country. Clients include corporations, municipalities, investment managers, pension funds, and family offices. The firm's headquarters are in New York City, with offices in Atlanta, Chicago, Columbus, Ohio, Dallas, Miami, and Oakland, Calif.

For more information, please visit https://brv-llc.com/

In its year-end report spanning financials, deals, and community investment, Blaylock Van, LLC, the nation's longest continuously operating Black-owned investment banking firm, reported 23 percent growth in notional deal volume year-over-year, with 67 debt capital markets new issues representing nearly $186 billion notional. From 2018 to 2022, Blaylock Van's closed transactions increased by a CAGR of 23 percent and dealt notional value by 50%.

Related link: https://brv-llc.com/

Financial Center First Credit Union Selects ACES Quality Management & Control to Improve Consumer Loan Quality

DENVER, Colo. /ScoopCloud/ -- ACES Quality Management® (ACES), the leading provider of enterprise quality management and control software for the financial services industry, announced that Financial Center First Credit Union (FCFCU) has selected ACES' flagship audit platform ACES Quality Management & Control® Software to support quality control (QC) audits for FCFCU's consumer lending channels.

"As a credit union, delivering value back to members is of the utmost importance, and part of that equation is ensuring loan quality is of the highest standards," said ACES CEO Trevor Gauthier. "ACES enables FCFCU to easily assess and improve the quality of its consumer lending production, thus upholding its commitment to excellence in member service."

ACES supports FCFCU's quality assurance, quality control and internal audit processes across all its consumer lending channels. ACES flexible technology allows FCFCU to track loan quality and effectively and quickly identify, communicate and remediate exceptions with ease.

"ACES has significantly improved the ability of our internal quality assurance program to identify, communicate and remediate exceptions quickly for both new member accounts and our consumer lending division," said Jennifer Rue, chief risk officer at FCFCU.

About FCFU

For 69 years, Financial Center First Credit Union has been serving its members and the community of Central Indiana. FCFCU is a member-owned, not-for-profit, co-operative whose members receive financial benefits in the form of lower loan rates, higher savings rates, and lower fees than banks. For more information, visit https://www.fcfcu.com/.

About ACES Quality Management

ACES Quality Management is the leading provider of enterprise quality management and control software for the financial services industry. The nation's most prominent lenders, servicers and financial institutions rely on ACES Quality Management & Control® Software to improve audit throughput and quality while controlling costs, including:

* 60% of the top 50 independent mortgage lenders;

* 8 of the top 10 loan servicers;

* 11 of the top 30 retail banks; and

* 1 of the top 3 credit unions in the United States.

Unlike other quality control platforms, only ACES delivers Flexible Audit Technology®, which gives independent mortgage lenders and financial institutions the ability to easily manage and customize ACES to meet their business needs without having to rely on IT or other outside resources. Using a customer-centric approach, ACES clients get responsive support and access to our experts to maximize their investment. For more information, visit https://www.acesquality.com or call 1-800-858-1598.

ACES Quality Management® (ACES), the leading provider of enterprise quality management and control software for the financial services industry, announced that Financial Center First Credit Union (FCFCU) has selected ACES' flagship audit platform ACES Quality Management & Control® Software to support quality control (QC) audits for FCFCU's consumer lending channels.

Related link: https://www.acesquality.com/