Collegiate Pacific stated that it has executed a long-term, commercial banking agreement with Merrill Lynch Business Services.
Michael Blumenfeld, CEO, stated, “the new banking relationship with Merrill Lynch will lower our banking costs while vastly expanding our banking resources. As we continue to grow internally and through acquisitions, the value of this relationship will be recognized many times over. We are excited about the variety of opportunities that are within the framework of an institution the size of Merrill Lynch.”