A member of the original group that launched Huntington's equipment finance unit in 2001, new president Mike DiCecco explains that being completely integrated within the bank's overall strategy and offering unbiased solutions to commercial clients are key differentiators in a competitive marketplace.... read more
When BBVA Compass decided to establish a new equipment finance unit, it turned to 30-year industry veteran Mark Marinik and his Cleveland-based team to strategically fill the gap in the bank's product offerings.... read more
With the equipment finance business now under his wing, John Goldthorpe, who has been heading Chase's ABL unit for nearly 12 years, leads his team in creating a strategic dialogue between the two businesses in order to serve as a comprehensive resource for their clients' growth plans.... read more
Monitor contributing editor Howard Brod Brownstein spends time with Michael Gay, group head of NXT Capital Equipment Finance, to discuss the goals, organizational structure and go-to-market strategy of the recently launched unit.
First American Equipment Finance CEO Bill Verhelle reflects on the company's acquisition by the 23rd largest bank in the U.S. and notes how the combination of FAEF's unique distribution model, similar corporate cultures and having access to capital has "dramatically exceeded" his expectations. ... read more
In an exclusive interview with the Monitor on the one-year anniversary of his appointment as president of Signature Financial, Walter Rabin talks about his transition to Signature Bank and how his team of senior executives are now functioning under a new platform where the focus on the client is “relentless.” Joseph J. DePaolo, the bank's president and CEO, joins the conversation to discuss the search for a specialty finance team.... read more
GreenRock Capital was launched with a focus on alternative energy transportation equipment financing. However, as GreenRock co-founder Steve Alexander explains, challenges in the niche led the company to expand into older transportation equipment that banks typically avoid funding and to include non-investment grade companies.... read more
John Evans joined Bank of the West in 2005 to manage its vendor finance business. This year, he became the leader of the bank's Equipment Finance Division upon the retirement of Jerry Newell. Building on his predecessor's success, Evans' goal is to become one of the top five vendor finance companies in the U.S.... read more
Since joining Capital One's equipment leasing and finance unit in June 2012, Dan McKew has been leading the group in a new direction that includes larger transactions with upper middle-market and investment grade credits and developing a nationwide footprint.... read more
Approximately a year and a half ago, Equify Financial started with only two people and no office space. Despite its humble beginnings, this new Monitor 100 entrant now posts more than $200 million in annual volume and, at year end, employed more than 20 people. President Pat Hoiby credits the company's achievements to its employees and their dedication to Equify's customers.... read more
The Monitor catches up with Don Campbell and Steve Grosso to learn about Toronto-based Element Financial's acquisition of CoActiv Capital, now operating as Element Financial (USA). As part of the deal, Campbell and Grosso retained their roles as CEO and president, respectively, and brought along their seasoned U.S.-based leadership team.... read more
In October, Hitachi Capital America established Hitachi Capital Canada. Before 2012 came to a close, the company acquired Hennessey Capital. In early 2013, Hitachi announced that Hennessey would offer equipment financing. ABFJ catches up with William H. Besgen, president and COO of Hitachi Capital America, Thomas Cross, general manager of Hitachi Capital’s Trade Finance Division, and Michael Semanco, president and COO of the Hennessey Capital Division, to learn more about these strategic moves.... read more
With experience in building organizations and client relationships, Dirk Copple is charged with establishing and leading Triumph Commercial Finance’s equipment finance unit. Focusing for now on three specific industries, Copple and his group are specialists in the transportation, construction and refuse sectors.... read more
Annually, De Lage Landen's Monitor 100 survey results reveal agriculture as its leading equipment asset class by volume. Tom Meredith, president of DLL's Global Food and Ag Business Unit, discusses the genesis of the unit, its global reach and relationship with parent Rabobank.... read more
In 2008, after Bank of America acquired LaSalle Bank and its subsidiary, LaSalle National Leasing Corporation, industry veteran Edward Dahlka set out to launch a new national equipment finance business. After four years of working with various banks on possible deals, Dahlka found the fit he was looking for at Cole Taylor Bank.... read more
Dale Tower, vice president of remarketing at Corcentric Capital Equipment Solutions, discusses how, after climbing to the highest historic inventory levels for used trucks in 2019 and 2020, the market has overcorrected itself into a historic low for inventory levels.