FDA Fast-Tracks Approval of Altria’s on! PLUS Nicotine Pouches Under New Pilot Program 
Bridgewater Associates Plans Major Employee Ownership Expansion in Milestone Year 
Instacart Stock Drops After FTC Probes AI-Based Price Discrimination Claims 
Oracle Stock Slides After Blue Owl Exit Report, Company Says Michigan Data Center Talks Remain on Track 
Apple Opens iPhone to Alternative App Stores in Japan Under New Competition Law 
Dina Powell McCormick Resigns From Meta Board After Eight Months, May Take Advisory Role 
TikTok U.S. Deal Advances as ByteDance Signs Binding Joint Venture Agreement 
Maersk Vessel Successfully Transits Red Sea After Nearly Two Years Amid Ongoing Security Concerns 
Delta Air Lines President Glen Hauenstein to Retire, Leaving Legacy of Premium Strategy 
Roche CEO Warns US Drug Price Deals Could Raise Costs of New Medicines in Switzerland 
OpenAI Explores Massive Funding Round at $750 Billion Valuation 
Union-Aligned Investors Question Amazon, Walmart and Alphabet on Trump Immigration Policies 
Trump Administration Reviews Nvidia H200 Chip Sales to China, Marking Major Shift in U.S. AI Export Policy 
7-Eleven CEO Joe DePinto to Retire After Two Decades at the Helm 
LG Energy Solution Shares Slide After Ford Cancels EV Battery Supply Deal 
Volaris and Viva Agree to Merge, Creating Mexico’s Largest Low-Cost Airline Group 
Micron Technology Forecasts Surge in Revenue and Earnings on AI-Driven Memory Demand 
SAN FRANCISCO, Feb. 17, 2016 -- Square 1 Bank, a division of Pacific Western Bank, today announced that it has provided a $2 million credit facility to existing client, Autolist, Inc., an automotive sales search engine. Proceeds from the facility will be used to fuel the company’s continued growth.
Founded in 2011 by the team that created Apartment List, Autolist allows users to access millions of used car listings—posted by all major used car apps and dealer websites—all in one search. The company strives to create the automotive marketplace of the future—one with a world class product and user experience. In addition to a comprehensive search, the Autolist mobile application provides used car buyers with decision-making information such as listing ages and price fluctuations, comparable vehicle prices and Carfax Vehicle History Reports.
Corey Lydstone, president and chief executive officer of Autolist, said, “We have been working with the team at Square 1 since day one and continue to be impressed with their service, support and ability to understand our business. When it came time to add a credit facility, they were the perfect partner for us.”
Alex ter Wee, vice president in Square 1 Bank’s technology banking practice, added, “Corey and the Autolist team are bringing simplicity and efficiency back to the online car buying and selling process. Consumers want a better car shopping experience and the Autolist app delivers in the best ways possible. Square 1 is proud to partner with Autolist and support their vision to lead the used automotive marketplace.”
About Autolist
Autolist (www.Autolist.com) is the fastest growing mobile focused new and used car search engine. With the top rated automotive apps in the Google Play and iOS App Stores, the company is leading the way for consumers looking to research, find and buy their next vehicle across their devices and on the web. By combining listings from top sites and dealers across the country, Autolist offers the largest selection of new and used cars for sale in the United States. Whether you're looking for a luxury or cheap car, truck or suv, use our tools to analyze car prices, research used car values, read reviews, review pricing history and easily find your next ride at www.Autolist.com.
About Square 1 Bank
Square 1 Bank is a division of Pacific Western Bank, a Los Angeles-based commercial bank with over $21 billion in assets. A full service financial services partner to entrepreneurs and their investors, Square 1 provides clients flexible resources and attentive service to help their companies grow. Square 1 offers a broad range of venture debt, treasury and cash management solutions through offices in top innovation centers: Atlanta, Austin, the Bay Area, Boston, Chicago, Denver, Durham, Los Angeles, Minneapolis, New York, San Diego, Seattle and Washington, DC. Pacific Western Bank is a wholly-owned subsidiary of PacWest Bancorp (NASDAQ:PACW). For more information, visit www.square1bank.com.
Media Contact: Square 1 Bank, a division of Pacific Western Bank Dee McDougal 919.597.7479 [email protected]
