JA Mitsui Leasing, through its subsidiary, JA Mitsui Leasing USA, acquired a 100% interest in Oakmont Capital Services. The company will continue to use the Oakmont Capital Services brand, and there will be no changes to the current management or team.  read more

APR 4, 2024 - 6:52 am

New bankruptcy filings during Q1/24 registered year-over-year increases across all major filing categories in the U.S., according to Epiq Bankruptcy, with total commercial Chapter 11 filings registering the largest increase, rising 43% year over year. read more

APR 3, 2024 - 6:47 am

Amur Equipment Finance appointed Rich Chenitz chief commercial officer. Chenitz has more than 35 years of experience, previously serving as the president of Huntington Vendor Finance and TCF Capital Solutions prior to its acquisition by Huntington. read more

APR 2, 2024 - 6:41 am

Old National Bancorp, the holding company of Old National Bank, closed its previously-announced merger with Nashville, TN-based CapStar Financial Holdings, the holding company for CapStar Bank, on April 1. read more

APR 2, 2024 - 6:41 am

According to a recent report from the U.S. Department of the Treasury, there is a widening gap between large and small financial institutions when it comes to in-house AI systems, with the rise of AI creating additional cybersecurity and fraud challenges. read more

APR 1, 2024 - 6:47 am

Royal Bank of Canada completed its acquisition of HSBC Bank Canada last week. With the closing of the acquisition, conversion activities have begun, with HSBC Bank Canada's branches and offices opening today as Royal Bank of Canada locations. read more

APR 1, 2024 - 6:47 am

St. Louis-based Cass Commercial Bank launched an equipment finance division. Designed to unlock the potential of capital assets across multiple industries, the new division will offer equipment leasing solutions to finance growth, improve capital efficiency and drive businesses forward. read more

MAR 29, 2024 - 6:44 am

Quality Equipment Finance has stopped funding transactions internally for the time being, according to an email sent to referral partners last week. read more

MAR 28, 2024 - 6:42 am

The collapse of the Francis Scott Key Bridge in Baltimore will impact the equipment finance industry in six substantial ways, including disrupting supply chains and causing trucking detours. read more

MAR 28, 2024 - 6:42 am

Vivakor, an operator, acquirer and developer of clean energy technologies and environmental solutions, signed a definitive membership interest purchase agreement to acquire several entities from Jorgan Development and JBAH Holdings, including Meridian Equipment Leasing. read more

MAR 27, 2024 - 6:44 am