J.V.B. Financial Group, LLC, a broker dealer and indirect subsidiary of Cohen & Company Inc., has entered into a significant amendment to its existing loan agreement with Byline Bank. As of June 18, 2025, the Third Amendment to the Third Amended and Restated Loan Agreement has been enacted, extending the maturity date for loans from June 18, 2025, to June 18, 2026. Additionally, the amendment reduces the required Excess Net Capital from $40 million to $30 million. This strategic move aims to provide J.V.B. Financial Group with enhanced financial flexibility while maintaining its operational commitments.
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