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ACG New York Women of Leadership - Entrepreneur Series
Barbara Bradley Baekgaard, founder of Vera Bradley (Nasdaq: VRA), is the latest in a series of entrepreneurs highlighted at ACG New York Women of Leadership events. Photo credit: Robert Blumenfeld

Watercooler

GTCR, Hormel, the Riverside Co-CEOs and Others Win M&A Mid-Market Awards
Amid a slow and challenging year for dealmaking, the winners of Mergers & Acquisitions’ 7th Annual M&A Mid-Market Awards outpaced the competition to grow, innovate and lead the middle market

Roundtable

Financial Services Companies Heat Up M&A Market
Speakers from Flexpoint Ford, Genstar Capital, Baird Capital, Madison Capital Funding and Katten Muchin Rosenman discuss the various factors playing a role in M&A activity within the financial services space

Expert's Corner

Pursuing Pharma Manufacturing
The fragmented pharmaceutical manufacturing industry provides plenty of opportunities for private equity investors, says JLL Partners founder Paul Levy

Banks Aid in Hurricane Sandy Relief

Banks are making donations, waiving fees and originating new small business loans for those affected by the storm

Several banks, along with the city of New York have announced their plans, which include issuing new loans to small business owners, to help with Hurricane Sandy disaster relief.

The Goldman Sachs Group Inc. (NYSE: GS) announced that the firm will donate $5 million to Hurricane Sandy clean up and recovery efforts, plus provide $5 million in loans to small businesses impacted by the hurricane.

The loans match $5 million in New York City funding that will be distributed through the New York Business Development Corp.

JPMorgan Chase said it would donate up to $5 million. Of that, $2 million will go to the Red Cross, the bank will match $1 million from employee donations to the Red Cross and make up to $2 million in donations for local recovery agency efforts. The bank will also waive mortgage-related fees for customers in affected areas.

Bank of America announced on Saturday, Nov. 3, that it would make an effort to reach out to its small business customers located in communicates affected by Hurricane Sandy. The bank projected its customers will need about $2.5 billion in additional credit to recover from the storm.

Citigroup announced Sunday that it would suspend foreclose sales in declared disaster areas, wave late payment charges for 90 days and offer customers payment extension options.

Wells Fargo donated $1 million to the Red Cross Disaster Relief Fund and announced that its ATMs would accept donations to the Red Cross.  The bank also waived certain fees in areas hit hard by the storm.

TD Bank also donated $500,000 to the Red Cross to support relief efforts.

 

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