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Tag: CapitalSource Bank


CapitalSource to merge with PacWest Bancorp in $2.3b deal

July 24, 2013Martha Entwistle

CENTURY CITY, Calif.—CapitalSource will still be a source of lending for the security industry after it merges with PacWest Bancorp in a $2.3 billion deal early next year. In fact, CapitalSource's managing director Will Schmidt says he expects the security team to grow in the next few months.“The merger will impact the security group only in a positive way,” Schmidt told Security Systems News. PacWest is supportive of CapitalSource's “streamlined credit process,” he...

CapitalSource, CapitalSource Bank, James J. Pieczynski, Matt Wagner, Pacific Western Bank, PacWest Bancorp, Will Schmidt

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World Wide Security plans six acquisitions, dealer program

January 4, 2012Rich Miller

GARDEN CITY, N.Y.—World Wide Security Group, an integrated services company based here, is using a $3 million extension of its revolving line of credit to fund six acquisitions and a new dealer program for its central station, the company announced in late December.Part of the initial $5 million credit line from CapitalSource Bank was used to acquire Rainbow Home Systems in November 2010, which has “worked out well,” according to Mark Simson, CFO for World Wide. That led the company...

CapitalSource Bank, GC Alarm, Mark Simson, Rainbow Home Systems, Rainbow Protection, Telestat Security, Vision Monitoring Services, World Wide Security, World Wide Security Group

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