EastBank Capital Fosters Relationship With Guarantee Provider

Online, October 26, 2012 (Newswire.com) - EastBank Capital announced today that it has fostered a business relationship with a qualified Asset Manager that has initially agreed, pending underwriting approval, to provide Financial Guarantees for Project Finance Loans. This exciting new development for EastBank Capital comes from months of building and fostering a strong business relationship with the Asset Management team.

EastBank Capital plans to fully underwrite and originate qualified Project Finance Loans to be able to present to the Asset Management firm for approval. Upon approval from the Asset Management firm for the Financial Guarantee, EastBank Capital will then be in a position to proceed to settlement of the Project Finance Loan to its qualified Borrowers.

"We are very excited about this new business relationship and this opportunity provides a solid foundation for a long-term business model for EastBank to offer Project Finance Loans." said Timothy Coffin, EVP Business Development

About EastBank Capital:

EastBank Capital is a leading international private firm offering Project Finance Loans to clients throughout the world with more than 60 years of combined experience.

The firm's executives provide a full range of capital solutions to the world's leading commercial and industrial enterprises, as well as to public and private companies. EastBank Capital's executives meet the needs of our clients by offering a highly integrated and collaborative range of expertise across key business sectors throughout our global network. EastBank Capital's integrated practice is underpinned by our team members' acknowledged technical expertise and a strong tradition of innovation and client service.