DARIEN ROWAYTON BANK ARRANGES $6.5 MILLION COMMERCIAL
CREDIT FACILITY FOR CLEARWATER ACQUISITIONS, LLC
Darien Rowayton Bank is pleased to announce that it has arranged and closed a $6.5 million loan to Clearwater Acquisitions, LLC, the company that owns the Greenwich real estate occupied by Miller Motor Cars, a nationally known dealer for Ferrari, Maserati, Aston Martin, and Bentley. The transaction was structured as participation with two other banks in the Northeast.
“We were delighted to have an opportunity to put this transaction together for Clearwater”, said Bert Knotts, Darien Rowayton Bank CEO, “It was an important transaction for us and capped a year of record commercial lending for our Bank. Clearwater is a high-quality client and we were able to interest several banks in a participation in the deal in a fairly short time. The refinance at today’s rates provided significant financial benefit to our client.”
Darien Rowayton Bank is a privately-owned bank that provides superior service and financial products to self-employed clients, local businesses and community members. With two offices conveniently located in Darien and Rowayton, the Bank offers a full complement of consumer and business banking products, along with a new line of mortgage products at very competitive rates. Darien Rowayton Bank operates under the authority of the State of Connecticut Department of Banking and is FDIC insured.
Robert K. Kettenmann
President and Chief Operating Officer
Darien Rowayton Bank