Tag: Greg Buscone
American Alarm and Communications receives $25m
October 7, 2016SSN Staff
BOSTON—Citizens Bank on Oct. 4 announced today that Citizens Commercial Banking's Security Finance Group is providing a $25 million credit facility to American Alarm and Communications.Contacted by Security Systems News, Lou Sampson, chief financial officer of American Alarm and Communications, said in an email, “We have had a banking relationship with Citizens for more than 15 years. So, adding this new credit facility is a natural evolution of our work with the bank. At American Alarm...
Dynamark gets $15m in funding
September 14, 2016Spencer Ives
HAGERSTOWN, Md.—Dynamark Monitoring, a wholesale central station based here, received a $15 million senior credit facility from Citizens Commercial Banking, a division of Citizens Bank.“The line of credit is really meant for acquisitions and expansion of the business,” Trey Alter, Dynamark's president and CEO, told Security Systems News. “We're always looking for quality central stations and well-managed alarm companies that are looking to partner with a larger company, or...
Citizens Bank wants to grow its security lending
August 10, 2015Martha Entwistle
BOSTON—Citizens Bank wants to do more security alarm deals and “expand around the edges” to adjacent businesses, Greg Buscone, SVP and market manager of Specialized Banking at Citizens Commercial, told Security Systems News.As part of this effort, Citizens has hired Christopher E. Needham and Kenneth J. Mooney as managing directors of Citizens' Security Alarm Industry Banking team. Citizens is looking to expand its “traditional EBITDA lending and RMR lending,” as well...