Bank Street Group Press Releases:

2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004

November 29, 2005 – Bank Street Holdings LLC, the parent company of The Bank Street Group LLC, today announced that James L. Massey has joined the firm as its executive Vice Chairman.  Mr. Massey brings extensive experience in the financial services arena to Bank Street, having spent over 25 years of his career at Salomon Brothers where he held positions of General Partner, Vice Chairman of the Board and member of the Executive Committee.

October 19, 2005 – Bank Street issued a press release today highlighting the placement of a $25 million senior secured revolving credit facility for OnFiber Communications, Inc.  Bank Street served as exclusive financial advisor and placement agent to OnFiber in this transaction.  OnFiber is a leading facilities-based, metropolitan fiber optic telecom services company serving primarily enterprise (Fortune 1000) customers across a variety of industry sectors.

September 23, 2005 – Bank Street announced today that Anthony D. LeCour has joined the firm as a Director in its Investment Banking group.  Mr. LeCour has over 20 years of experience as an investment banker and advisor to communications, technology and media companies.  Over the course of his career, Mr. Lecour has executed more than $12 billion in transactions.

August 25, 2005 – KeyOn Communications announced that it secured more than $4 million of additional capital from the sale of preferred stock and a lease financing arranged by The Bank Street Group.  The proceeds of these transactions will be used to support KeyOn's entry into new markets as well as the integration of acquisition of Southern Iowa Regional Internet Services (SIRIS).

July 12, 2005 – KeyOn Communications announced the acquisition of Southern Iowa Regional Internet Services (SIRIS).  The transaction expands KeyOn's product portfolio, network coverage and customer base, further augmenting its position as the leading company delivering broadband wireless and VoIP services to rural communities across the U.S.  The Bank Street Group was KeyOn's financial advisor in the transaction.

May 2, 2005 – Swiss Medica, Inc. (OTCBB: SWME.OB), a leading manufacturer and distributor of patented and clinically proven over-the-counter natural health products, announced has retained The Bank Street Group LLC as its financial and strategic advisor.  Bank Street will work with Swiss Medica to identify and execute financial and strategic initiatives that will drive further growth of its product portfolio and distribution channels.

April 18, 2005 – Bank Street today issued a press release highlighting the strength of the leveraged loan market and the opportunities for middle-market issuers to tap the market for a variety of purposes ranging from working capital, refinancing of existing indebtedness, leveraged recapitalizations or shareholder dividends.  Bank Street has developed a strong practice focused on middle-markets issuers in the leveraged lending market.

March 29, 2005 – Bank Street announced today that it has launched the Access Line Exchange. The Exchange has been established to allow competitive local exchange carriers (CLECs) and other telecom carriers to buy, sell and swap local access lines in a timely and cost-effective manner. As a central clearinghouse, the Exchange will match a broad base of buyers and sellers across the industry in order to smoothly effect transactions.

March 28, 2005 – The Bank Street Group LLC today issued a press release highlighting its role in two recent strategic transactions in the telecom arena. Bank Street served as the exclusive financial advisor to CTC Communications in its merger with Lightship Communications. In addition, Bank Street served as the exclusive financial advisor to Supra Telecom in its March 21st sale to an investor group comprising FDN Communications and H.I.G. Capital.

March 23, 2005 – CTC Communications and Lightship Telecom, two of the leading facilities-based telecommunication providers in New England, announced an agreement to merge the two companies. The new company, which will operate as CTC Communications, will be the pre-eminent competitive local exchange carrier headquartered in New England. The Bank Street Group was CTC’s financial advisor in the transaction.

March 21, 2005 – The Bank Street Group announced that Supra Telecom successfully exited Chapter 11 bankruptcy protection with the consummation of the sale of the company to an investor group comprised of FDN Communications and H.I.G. Capital.

March 3, 2005 – Commscape Telecommunications, Inc. has retained The Bank Street Group to evaluate its alternatives regarding 4 of its 8 PCS wireless licenses representing total population coverage of 596,000 and approximately 16.5 million MHz-POPs

March 1, 2005 – Bank Street is pleased to announce the expansion and relocation of its Stamford, CT headquarters. The move provides larger facilities to accommodate the significant growth and development that the firm has achieved during the past year and to provide for future growth opportunities.

January 31, 2005 – James D. Owen, a Senior Banker with The Bank Street Group LLC (“Bank Street”), returned from a two week mission to Sri Lanka where he was assisting in the tsunami disaster relief effort, continuing a tradition among the senior team at Bank Street of supporting humanitarian and philanthropic causes.

January 12, 2005 – The Bank Street Group announced that Supra Telecom’s plan to emerge from Chapter 11 bankruptcy was approved by creditors and United States Bankruptcy Judge Robert A. Mark. Confirmation of the plan clears the way for Supra Telecom’s emergence from Chapter 11 bankruptcy

In The News:
For news and events in the industry, please click here.