Latest news with #CityNationalBank
Yahoo
25-05-2025
- Business
- Yahoo
West Coast bank signs lease at uptown tower for first Charlotte office
A California-based bank is breaking into the Charlotte market with its first office space. City National Bank has signed a long-term lease for a full floor at One South in uptown, according to building permits filed last week with Mecklenburg County. The permits, filed May 15, are for the upfit of the financial institution's office space and total about $3.5 million, according to county records. READ: 'I've been where they are': Concord woman gives back at pantry that once helped her The bank's 22,000-square-foot office will be completed by the end of the year and will accommodate 115 employees. Read the full story here. WATCH: 'I've been where they are': Concord woman gives back at pantry that once helped her Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
21-05-2025
- Business
- Associated Press
Libertas Funding Names John Paradisi as President and Chief Operating Officer
Seasoned financial leader brings 25+ years of experience to drive operational excellence and strategic growth GREENWICH, CT / ACCESS Newswire / May 21, 2025 / Libertas Funding, LLC, a leading provider of revenue-based financing and term loan solutions for small and medium-sized businesses, today announced the appointment of John Paradisi as its new president and chief operating officer (COO) and member of the board of directors. Paradisi will oversee the company's core business functions and play a pivotal role in advancing Libertas' strategic initiatives as it continues to scale its national footprint. Paradisi joins Libertas with more than 25 years of leadership experience across commercial and consumer banking, specialty lending, and capital markets. Most recently, he served as executive vice president and chief specialty banking officer at City National Bank of Florida, where he led the growth and expansion of several key business segments. He also served as the bank's chief strategy officer, playing a key leadership role in shaping City National Bank's growth strategy, working cross-functionally to support expansion into new products and markets resulting in the organization growing total assets from $18 billion to more than $26 billion in just four years. Previously, Paradisi spent 17 years at CIT Bank, where he held various senior leadership roles across consumer banking, commercial banking, corporate strategy, M&A, and business development. His most recent role at CIT was chief strategy growth officer and head of business development and partnerships. In his role as president and COO, Paradisi will report directly to Gary Katcher, executive chairman of Libertas, and will join the board of directors. He will oversee several key departments, including strategy, information technology & operations, compliance, capital markets, human resources, institutional sales, marketing, and data analytics. 'We are excited to welcome John to Libertas. He brings an exceptional blend of operational expertise and strategic vision that will be critical as we enter our next phase of growth,' said Gary Katcher, executive chairman of Libertas. Randy Saluck, chief executive officer of Libertas, added, 'John's leadership will strengthen our internal capabilities and further position us as an innovative leader in the specialty finance industry.' Libertas continues to invest in top-tier talent to support its mission of delivering fast, flexible financing solutions tailored to the evolving needs of small and medium-sized business owners across the U.S. About Libertas Funding Libertas Funding, LLC is a leading financial technology firm based in Greenwich, Connecticut, offering revenue-based financing and working capital solutions to small and medium-sized businesses nationwide. Leveraging advanced data analytics and a streamlined underwriting process, Libertas provides fast, reliable funding to help businesses grow and thrive. Web: *Term Loans are issued by WebBank and serviced by Libertas pursuant to our partnership with the Bank. Media contact: Henry Stimpson, [email protected] SOURCE: Libertas Funding, LLC press release
New York Post
13-05-2025
- Entertainment
- New York Post
Kevin Costner's passion project ‘Horizon' ignites fresh legal battle after box office bomb
Kevin Costner's passion project, 'Horizon,' has turned into a nightmare — and not just at the box office. The Western, which Costner, 70, plunked several million of his own fortune into, is the focus of a new behind-the-scenes legal war, according to The Hollywood Reporter on Monday, May 12. The alleged dispute is reportedly between New Line Cinema, Horizon Series (Costner's loan-out firm), and City National Bank. Advertisement 8 Kevin Costner's $100 million passion project tanked at the box office. Warner Bros. 8 'Chapter 1' was supposed to be the first of four films in the Western franchise. Warner Bros. City National Bank allegedly filed the arbitration against both companies. New Line responded with a crossclaim seeking repayment from Horizon Series as part of its defense, per THR. Advertisement New Line Cinema and Horizon Series reportedly had a deal that required them to repay a portion of the financing. New Line Cinema allegedly believed it covered a portion of the payment that their partner didn't pay. However, City National Bank reportedly thinks it's owed more. Sources told the outlet that Horizon Series and New Line Cinema are in a stalemate over the cofinancing agreement. 8 Now, several companies involved with the project at reportedly at war. Warner Bros. Advertisement 8 Kevin Costner put several millions of his own fortune into making the movie. Getty Images for Santa Barbara International Film Festival New Line Cinema declined to comment. The Post reached out to City National Bank, Horizon Series, and Costner's rep but did not immediately hear back. The 'Yellowstone' alum previously said his personal investment for 'Horizon' was 'well above $50 million,' admitting he mortgaged '10 acres on the water in Santa Barbara where I was going to build my last house' for the passion project. 'Horizon: An American Saga — Chapter 1,' which Costner directed, starred in, co-wrote and used millions to finance, cost a whopping $100 million to make and only brought in a measly $11 million during its opening week. Advertisement 8 Kevin Costner started the passion project while on 'Yellowstone.' Paramount Network 8 He played John Dutton on the hit cowboy series. Paramount Network/Courtesy Everett Collection The flick was set to be the first of four installments, with a follow-up to be released seven weeks after the franchise's debut. However, when it tanked at the theaters, the sequel's release was held. While the fate of 'Chapter 2' is unknown, 'Chapter 3' started filming last year despite allegedly not being fully financed. Last year, Costner spoke about the struggles of financing his Blockbuster dreams. 8 Kevin Costner was unable to film the second half of 'Yellowstone' Season 5 due to scheduling conflicts. Getty Images 'I need some more money — I do. I need some of these big billionaires, with f—ing boats 'from here to here' who are fond of telling people they're billionaires to come with me and make a movie,' the star said on THR's 'Awards Chatter' podcast. 'I don't have the money they have and I've already made two of 'em. Where are you rich guys?' Meanwhile, fans weren't happy with Costner after he backed out of the second half of the 'Yellowstone' final season due to scheduling conflicts with 'Horizon.' Advertisement 8 He later addressed the controversy, claiming there was 'no script' for him when he arrived to shoot 'Yellowstone.' Paramount The actor, who played John Dutton in the cowboy series, later addressed the issues. He claimed he had a small window of availability to focus on 'Yellowstone' but 'there was no script.' 'What you read in the end was that I said, 'Well, look, I'm doing my movie. If you want me to work a week because you want to kill me or whatever else, I can give you a week,'' Costner told Deadline. 'I really didn't have that week to give them, but I said, I'll do that. And then they [spun that] into, I only wanted to work a week.' Advertisement He insisted that he 'made Yellowstone the first priority' and claimed 'to insinuate anything else would be wrong.' 'Yellowstone' aired its final episode on December 15, 2024, after five seasons, with the series sparking several spinoffs.
Daily Mail
12-05-2025
- Entertainment
- Daily Mail
Kevin Costner facing major legal blow after Yellowstone exit that could cost him MILLIONS
Drama is now unfolding behind-the-scenes over the making of Kevin Costner's Western passion project Horizon: An American Saga. The Hollywood Reporter claims New Line Cinema has filed an arbitration claim against Horizon Series, the company which produced the films, for alleged breaches to their cofinancing agreement. The claim was filed after City National Bank moved forward with arbitration proceedings against both New Line and Horizon Series. New Line then filed a cross complaint against Horizon Series as part of their defense efforts against the bank. The deal at dispute is said to have seen both New Line and Horizon agree to repay a share of the film's financing. New Line essentially covered what Horizon Series did not pay, however City National Bank believes it is owed more, according to THR. It's unclear exactly what each party is accused of owing, however Costner, 70, has previously admitted to putting $38 million of his own funds into the two-part epic, which cost more than $100 million to pull together. has contacted New Line Cinema, City National Bank, Warner Brothers Discovery (of which New Line is a brand of) and Costner for comment. New Line declined comment for THR and City National Bank and Territory Pictures did not respond to comment requests from the outlet as well. A passion project of Costner's, the two-part Western film series (that is intended to be told over the course of four chapters) starred and was directed by Costner. Horizon: Chapter 1 was released last June and was slammed by critics and flopped at the box office. A part two, Horizon: An American Saga - Chapter 2, was set to be released in theaters on July 2024 however it was pulled from cinemas and its release is now indefinitely delayed. In September, Deadline reported parts three and four have scripts and are in a film-ready state. Costner financed the Horizon films himself, admitting to putting $38 million of his own funds into the project after spending decades trying to find a studio to make the film. He even took out a loan against his Santa Barbara home after trying unsuccessfully to make it for more than 30 years. Costner previously told Empire he has taken a gamble by releasing the saga in cinemas. He said: 'I had somebody who said, 'Look, please don't do this, Kevin, let's do this.' 'But I'm glad about what I'm doing. I believe in the big screen. I believe in that experience. I also believe in what will come to your television. You know, I'm not one of those guys that has a director's cut. The f****** movie I make is the director's cut.' The Dances with Wolves star - who is worth an estimated $250million - said: 'I'm not a fool, but I'm not afraid. 'I will own this movie the rest of my life. So will my family. And movies are a lot more than their opening weekend. They have value throughout their life, and I will own this movie throughout my life. 'And people will find it. And when they do, whether it's opening weekend or not, they're going to find a quality. They're going to find a story that they're going to want to revisit or share with someone. And that's the power of a movie to me.' 'My hope is that I get this money back, but you know what, I'm not going to fall apart if it (doesn't happen). 'I'll lose some things that I had valued, but they're just things I've kept. I should add, I don't want to have to ever do this again. But I don't live my life in fear.' The film was released after Costner officially exited his acclaimed Yellowstone series amid a rift with showrunner Taylor Sheridan.
Los Angeles Times
28-03-2025
- Business
- Los Angeles Times
Reader Letter for Inspirational Women Forum & Leadership Awards Magazine 2022
At our second annual Inspirational Women Forum & Awards, which was held on October 18, 2022 at The Beverly Hilton, we highlighted the accomplishments of outstanding women from corporations and nonprofit organizations throughout California who demonstrated noteworthy success and accomplishments over the past 24 months in 12 award categories. Prior to the Awards Luncheon, a series of dynamic panel discussions, featuring leading women executives with varied backgrounds, provided an in-depth look at mentorship, prioritizing mental health, overcoming entrepreneurship pitfalls, breaking barriers in male-dominated industries, and investing in your future. This event came at a crucial time. When women's rights are being challenged in different ways around the globe, it is more important than ever for female leaders to empower women and girls to reshape their communities and advocate for justice and equality, not only in the workplace but in all aspects of life. It's imperative to continue to lift one another up, support our colleagues and identify opportunities to help those who don't have a voice. Together we can inspire the next generation of powerful women leaders. The Forum & Awards program would not have been possible without the support of our sponsors: City National Bank; AIG; CohnReznick LLP; Connect Media; GHJ; IDB Bank; Pacifica Hospital of the Valley; Phonexa; UCI Graduate Division; Western States Petroleum Association; AltaMed Health Services Corporation; MAZON: A Jewish Response to Hunger; Too Faced Cosmetics.
