Daily News: August 29, 2017

The PrivateBank Provides $20MM Facility to ArmorWorks

The PrivateBank extended a $20 million senior secured credit facility to ArmorWorks Enterprises.

Headquartered in Chandler, AZ, ArmorWorks is a developer and manufacturer of advanced survivability solutions including vehicle and aircraft armor systems, blast attenuating seating systems, body armor and high value asset security systems.

The PrivateBank, an indirect wholly-owned subsidiary of CIBC since 2017, provides tailored commercial, wealth management, personal and small business financial solutions.