A consortium of investors led a $345m funding round in Congressional Bancshares.

A consortium of investors including Centerbridge Partners, Gallatin Point Capital, Bayview Asset Management and BlackRock, led a $345m funding round in Congressional Bancshares, a lending services provider. “We expect that this capital raise will enable up to $10 Billion of new loan originations across our market leading Healthcare, Lender and Leveraged Finance businesses and our recently launched Sustainable Finance business. We look forward to serving our customers with broader loan capabilities, focused financial solutions and an enhanced digital banking experience,” Don Cole, Congressional Bank CEO.