"The process for selecting a financial institution to lead our financing was very competitive, and we are pleased with the outcome," says Scott Butera, who was recently named president and COO of Trump Hotels & Casino Resorts. "Beal Bank, which has been a significant investor in our company and in the gaming industry, is one of the most creative lenders with which I've worked."
Founded in the late 1980's Beal is a wholesale bank. Its capitalization topped the $1.5 million mark at mid-year 2004, and its assets of more than $7 billion are mostly tied up in the gaming, retail, aircraft, power and timber industries.
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