NUMBERS By the

ACG St. Louis, says that PNC’s contributions have been good for ACG and have helped to strengthen the chapter.

Headquartered in 800+ Deals closed in past 5 years by PNC’s Business Credit Group

Pittsburgh

“ACG St. Louis benefits from a valuable partnership with PNC that is multifaceted,” she says. “PNC has elevated their commitment to the chapter by serving as volunteers on the ACG St. Louis Advisory Board and various committees, as well as thought leaders on educational panels.”

Looking Ahead

96 ACG members in 2022

501 ACG events attended in 2022

The balance of 2023 is likely to be another period of business uncertainty. Interest rates will continue to rise for the foreseeable future, and economists haven’t ruled out a recession just yet. Lenders across the board have taken a cautious approach to the start of the year, according to deal flow data from Fitch Ratings.

When markets are volatile, it’s important to focus on risk management. Sources say that many lenders are spending extra time on due diligence and are looking closely at whether borrowers can withstand an economic slowdown. Veteran lending teams are likely to lean on the advice of their industry specialists and focus on high-quality deals.

Mardaga says the bank plans to continue with strong activity this year.

“We have built a terrific culture over the past 25 years, focused on teamwork and collaboration with our clients and referral sources,” he says. “We continue to evolve, developing new products to address ever-changing market needs. Key to this has been our consistent market presence—we provide solutions in any economic environment, executing under tight timelines with confidence and precision.” //