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Star Mountain Capital Appoints Bob Shettle, Former Co-Head of North American Private Financing Group of Barings ($ 325 Billion Under Management), as Managing Director | Business

NEW YORK – (BUSINESS WIRE) – July 20, 2021– Capital of the starry mountain, LLC (“Star Mountain”), a specialist investment manager focused exclusively on investing in private small and medium-sized enterprises (lower middle market), is pleased to announce that Bob Shettle has joined the group as General manager. With thirty …

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Paycheck Protection Program: SBA Stops Using Loan Needs Questionnaire | Vinson & Elkins LLP

The Small Business Administration (“SBA”) has officially stopped using the Loan Necessity Questionnaire previously required for the cancellation of Paycheck Protection Program (“PPP”) loans of $ 2 million or more. We described the questionnaire in a previous client alert. The stated purpose of the questionnaire was to collect additional information …

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US Federal Banking Regulators Issue Guidance on Third Party Risk Management | Adams and Reese LLP

On July 13, U.S. federal banking regulators released Inter-agency guidance offered (Guidance Proposal) designed to help banks manage the risks associated with dealing with third parties, including information security risks. The draft guidance reiterates the importance for banks to manage the risks associated with third parties throughout the lifecycle of …

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