News

Wells Fargo Announces New Structure for International Business

Seeking to better align its international banking services with the customers they serve, Wells Fargo announced its International Group will be integrated into other Wholesale Banking business lines. read more

PNC Riverarch Capital Exits Investment in Burger King Restaurants

PNC Riverarch Capital, a division of PNC Capital Finance, announced the sale of its portfolio company Goldco, an operator of 46 Burger King restaurants in Southeast Florida. read more

Ascentium Capital Named a Finalist in First Annual LendIt Awards

Ascentium Capital was announced as a finalist in the Top Small Business Lending Platform category by LendIt, the world’s largest show in lending and fintech. read more

Wells Fargo Names Richard Yorke COO of Wholesale Banking

Richard Yorke, who previously headed the International Group, was named chief operating officer of Wells Fargo Wholesale Banking, reporting to Perry Pelos, senior executive vice president and head of Wholesale Banking. read more

Texas Capital Bank Launches National Public Finance Practice

Texas Capital Bank hired Scott Kuhn, David Roeder and James Sult to launch its national public finance practice. read more

Alta Group Outlines 2017 Equipment Finance Predictions

According to a recent blog post from The Alta Group, growth opportunities exist for equipment leasing and finance companies in 2017. read more

GATX FY/16 Rail North America Segment Profit Down 15.2%

In its Q4/16 earnings release, GATX reported Rail North America segment profit of $321.9 million in 2016, compared to $379.5 million in 2015. read more

ACT: Class 8 Demand Realignment Ahead, MD Continues Positive Trend

According to ACT Research, North America Class 8 retail sales firmed into the end of 2016 in seasonal fashion, rising to a six-month high of 21,281 units sold, and bringing the full-year sales total to 249,952 units. read more

Equipment Leasing Confidence Reaches All-Time High

The ELFF’s monthly confidence index registered a 73.4 in December, the highest mark since the index was launched in May of 2009. read more

Reynolds Named COO at VFI Corporate Finance

Burk Reynolds was named chief operations officer at VFI Corporate Finance, a Utah equipment leasing company primarily involved in leasing capital assets throughout North America. read more

U.S. Bancorp Reports Record Full Year 2016 Net Income

U.S. Bancorp reported record net income of $5,888 million for the full year 2016. Total net revenue of $21.3 billion was up almost 5% from $20.3 billion a year earlier. read more

JetLease Capital Adds Parzygnat to Team

JetLease Capital added Kenneth Parzygnat to its lending team. Since joining the company, he has closed two transactions. read more

Halliday Joins NBT Bancorp as President of Commercial Banking

Sarah A. Halliday joined NBT Bancorp as executive vice president and president of Commercial Banking. She previously worked for M&T Bank. read more

BigRentz Appoints Cannon President and COO

Equipment rental network BigRentz appointed Scott Cannon president and chief operating officer. Cannon most recently served as CEO of MNX Global Logistics. read more

Prudential Capital Provides $80MM Facility for One Energy

One Energy Enterprises closed an $80 million financing combination of senior and subordinated debt with Prudential Capital Group. read more

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