United Security Bank sees 3rd-quarter profit Nov 4, 2009
CapitalSource posts 3Q loss on reserve buildup. Commercial Lender CapitalSource Inc. on Monday posted a third-quarter loss, reversing a year-ago profit, as it set aside more money to cover bad loans and saw a much bigger loss in its investments. (Fresno Bee)
Fifth Third forms specialty lending group Oct 28, 2009
Crabb had most recently been with CapitalSource Finance and was previously with GE Capital. VanManen shifted to the new group from Fifth Third s structured finance business, where he ran that unit s western region team in Denver. (Cincinnati Business Courier, OH)
Lockheed Martin's chief tops list of highest-paid CEOs in area Aug 21, 2009
John K. Delaney, CapitalSource Inc. / $10,935,980. J.W. Marriott Jr., / $9,989,268. (Washington Business Journal, DC)
American Service Group ups 2009 outlook Jul 31, 2009
for free extra services. Subscribe to Nashville Business Journal. (Nashville Business Journal, TN)
CapitalSource Announces Senior Secured Note Offering Jul 11, 2009
July 10 /PRNewswire-FirstCall/ -- CapitalSource Inc. (NYSE: ) today announced its intention to offer $300 million in aggregate principal amount of senior secured notes due 2014 (the "Notes"). The Notes will be senior, secured obligations guaranteed by CapitalSource Finance LLC, and will be secured by certain collateral of the Company on a pari passu basis with its senior secured bank facility (the "Facility") ... CapitalSource Inc. (NYSE: ) is a commercial lender that provides financial products... (PR Newswire)
CapitalSource Lenders Consent to Amend and Extend Syndicated Bank Facility Jul 8, 2009
July 7 /PRNewswire-FirstCall/ -- CapitalSource Inc. (NYSE: ) today announced that lenders holding $778 million of indebtedness under its $900 million senior secured syndicated bank facility (the "Facility") have consented to amend and extend the Facility as follows ... To satisfy the extension payment conditions, CapitalSource expects to utilize proceeds of a senior secured bond offering, available cash and/or other forms of financing ... "Following the successful renewal and/or payoff of our... (PR Newswire)
Symphony Technology Group and Elliott Associates Announce Proposed Acquisition of MSC.Software Jul 8, 2009
Wells Fargo Foothill, part of Wells Fargo & Company (NYSE: ), and CapitalSource have committed to provide senior debt financing. The MSC transaction is subject to customary closing conditions, including approval of MSC's stockholders and regulatory approvals. (PR Newswire)
CapitalSource renews, extends facilities Jun 2, 2009
In addition, the credit that funds CapitalSource's European-based loans was extended for one year ... CapitalSource also has started the process of extending its syndicated facility, which matures in March 2010 ... We will also continue to pay down this debt, as all of our new loans are being originated at CapitalSource Bank. (Washington Business Journal, DC)
CapitalSource posts $104M loss May 8, 2009
During the first quarter we took several steps to streamline our business, grow , and prudently manage liquidity and credit while continuing to make loans to small and mid-sized borrowers seeking capital in a severely capital constrained market, said John Delaney, CapitalSource chairman and CEO. Credit performance remains an area of intense focus, so we were pleased to see certain components of our loan portfolio stabilize this quarter ... At the end of the quarter its CapitalSource Bank segment... (Washington Business Journal, DC)
Creditors settle Foss suit Mar 24, 2009
The company filed for bankruptcy in September 2005 after its chief lender, CapitalSource Finance, cut off credit alleging the company fraudulently borrowed millions of dollars to benefit itself and company insiders. Creditors filed their suit a year later against Stephen Foss and other former executives to collect money not repaid as part of bankruptcy proceedings. (Seacoast New Hampshire)
Bank pays $11 million for former Sand and Gravel site in Framingham Mar 15, 2009
George Lora, center at left, of CapitalSource Bank, bought the property for $11 million ... George Lora, director and portfolio manager at CapitalSource Bank, said the bank was a lender for the previous owner, RTM Framingham LLC, of Vienna, Va ... Lora said CapitalSource would market the property and try to find a "developer as soon as possible.". (Framingham TAB, MA)
CapitalSource Declares First Quarter 2009 Dividend Mar 14, 2009
March 13 /PRNewswire-FirstCall/ -- CapitalSource Inc. (NYSE: ) today announced a quarterly cash dividend of $0 ... CapitalSource Inc. (NYSE: ) is a commercial lender that provides financial products to middle market businesses, and, through its wholly owned subsidiary CapitalSource Bank, provides depository products and services in southern and central California ... As of December 31, 2008, CapitalSource had $11. (PR Newswire)
CapitalSource Posts Tax Treatment of 2008 Dividends Feb 27, 2009
Feb. 26 /PRNewswire-FirstCall/ -- CapitalSource Inc. (NYSE: ) has posted the tax treatment of the Company's 2008 dividend distributions to the Company's website ... CapitalSource Inc. (NYSE: ) is a commercial lender offering focused lending products to clients in the middle market ... As of September 30, 2008, CapitalSource had approximately $13. (PR Newswire)
CapitalSource Fourth Quarter and Full Year 2008 Earnings and Company Update Call Details Feb 24, 2009
Feb. 23 /PRNewswire-FirstCall/ -- As previously announced CapitalSource Inc. (NYSE: ) will issue its earnings results for the fourth quarter and full year 2008 on Friday, February 27, 2009 before the markets open ... A webcast of the call will be available on the Investor Relations section of the CapitalSource web site at ... An audio replay will also be available on the Investor Relations section of the CapitalSource website. (PR Newswire)
CapitalSource issues 20M common shares Feb 19, 2009
The move will give Chevy Chase-based CapitalSource (NYSE: CSE) an additional $61 million in capital, but will also cause the commercial lender to incur a $57 ... CapitalSource said it will retire the notes ... CapitalSource stock fell sharply, falling 11 percent in late morning trading Wednesday to $2. (Washington Business Journal, DC)
CapitalSource avoids default with waiver Feb 14, 2009
The waiver forgives one of its financial covenants listed under the loan, which requires CapitalSource to maintain a certain ratio of consolidated earnings before interest, taxes, depreciation and amortization (EBITDA) to interest expense for the three months ended Dec. 31 ... CapitalSource had a difficult year battling net charge-offs, or loans written off as uncollectible. (Washington Business Journal, DC)
