Citizens Bank announced today that Citizens Commercial Banking led a new credit facility for SunCommon, Vermont’s largest provider of residential, community and commercial solar systems. The funds will fuel growth after SunCommon’s acquisition of Rhinebeck, N.Y.-based solar provider Hudson Solar. Citizens is the sole lender.
“We really value Citizens Bank as a great banking partner for our growing business,” said Duane Peterson, co-founder of SunCommon, which has 110 employees.
“The Citizens team brought great commercial banking solutions and executed the transaction quickly and seamlessly,” added Jeff Irish, founder of Hudson Solar, which has 30 employees.
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