Colonnade is pleased to announce that CapitalSource Inc. has entered the life insurance premium finance business. CapitalSource Premium Finance is led by the highly accomplished team of John Dixon and Tom Yaeger, who bring a combined total of over 50 years of specialized experience in the insurance and premium finance industries.
CapitalSource Inc. (NYSE: CSE), through its wholly owned subsidiary CapitalSource Bank, makes commercial loans to small and middle-market businesses nationwide and offers depository products and services in 21 retail branches in southern and central California. CapitalSource, headquartered in Los Angeles, California, had total assets of $8.3 billion and total deposits of $5.1 billion as of December 31, 2011. For more information, visit www.capitalsource.com.
Colonnade Securities LLC served as exclusive financial advisor to the management team and arranged the transaction.