Divergent and the Illinois Film Tax Credit

A big studio film every few years is not sustainable. It's time for Illinois to acknowledge the resources it lacks and modify the credit to be inclusive, not exclusive, to the global industry.

[Read More]

First Republic Bank Creates New Entertainment Division

by Jeff Steele

First Republic Bank has launched a new Entertainment lending division.  Heading up the new division are Bank Leumi veterans Melanie Kinsky, Mandie Rush, and Wendy Moore.  Melanie will head-up the Film & Media Finance division, with support from Rush and Moore.  In the single picture space, I assume it will be pre-sales, gap and tax credits for now — but will clarify when I get an update.

FRB’s foray into the entertainment industry a savvy move for a bank with a long and successful track record in personal wealth management and private banking.  It is also a bellwether for the overall health of entertainment financing.  Snagging all three executives is a great score for First Republic; they get a turnkey team with an established collaborative history and expansive rolodex.  They are each first-rate and a pleasure to work with.  The new division will operate out of their 1888 Century Park East office.

“First Republic now has greater capabilities and expertise to meet the needs of production companies and clients in the entertainment industry.”

Krinsky, Rush and Moore’s mass exodus from Bank Leumi is obviously a story in its own right.

The press release is attached FirstRepublicBank

4 Responses leave one →
  1. Bruce Holsten permalink
    March 15, 2011

    Well, that’s just plain old good news!

    When the big hedgers and international funds crawl back in, you’ll know the “Mountain is coming (back) to Mohammed.”

    R. Bruce Holsten
    American Harbor Capital Stratgies

    GD Star Rating
    loading...
    GD Star Rating
    loading...
    • Jeff Steele permalink
      March 15, 2011

      You’ll also know a new bubble is brewing…

      GD Star Rating
      loading...
      GD Star Rating
      loading...
  2. Scott Hillman permalink
    March 15, 2011

    Let see what they can do. Good luck for them hope they actually make some money off this.

    GD Star Rating
    loading...
    GD Star Rating
    loading...
  3. March 20, 2011

    Great! @ Scott H. They will make tremendous amount of money if they choose the right films. This is over all very good news. More banks should follow!!

    GD Star Rating
    loading...
    GD Star Rating
    loading...

Leave a Reply

Note: You can use basic XHTML in your comments. Your email address will never be published.

Subscribe to this comment feed via RSS