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Board approves pledge of liquor license as collateral in lending transaction for Primo Hospitality Solutions
Summary
The Fall River License Board approved a bank-requested pledge of a liquor license as collateral for a promissory note dated June 19, 2025, for Primo Hospitality Solutions LLC; bank counsel said the owner executed assignment documents at closing.
The Fall River License Board on Sept. 17 approved a request from Fall River 5 Cent Savings Bank to accept a liquor license for Primo Hospitality Solutions LLC as pledged collateral for a promissory note dated June 19, 2025.
Peter Salino, counsel for Fall River 5 Cent Savings Bank, told the board he represented the bank in the lending transaction…
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