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Stock impact report

Peachtree Group and Western Alliance Bank Announce $50 Million Warehouse Facility to Support Equipment Finance Division’s Growth

Western Alliance Bancorporation (DE) (WAL) 
Last western alliance bancorporation (de) earnings: 4/16 04:26 pm Check Earnings Report
Company Research Source: Business Wire
ATLANTA--(BUSINESS WIRE)--Peachtree Group (“Peachtree”) and Western Alliance Bank today announced that the Bank is providing a $50 million warehouse funding facility to support the expansion of Peachtree’s Equipment Finance division to deliver flexible capital solutions to businesses nationwide.The new facility, which builds on the already significant relationship between both companies, will enable Peachtree to fund the origination and acquisition of equipment finance loans across various industries, strengthening its balance sheet and positioning the Equipment Finance platform for growth in a competitive market.“This facility provides scalable capital to support momentum in our Equipment Finance platform,” said Roger Johnson, executive vice president and principal, Equipment Finance. “Western Alliance Bank remains a strong, reliable partner, reflecting our commitment to disciplined growth and long-term partnership.”The Equipment Finance division was established to address a wide Show less Read more
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