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The equipment leasing and finance industry comprises hundreds of companies — captive, bank-owned, independent, etc. — employing thousands throughout the U.S. However, only a little over 200 have a designation that some say shows a commitment to the industry above... read more

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Through its mergers and acquisitions over the years, Banc of California has grown from its credit union status in the 1940s to a bank with more than $5.5 billion in assets. With the bank’s footprint nestled in Southern California, the... read more

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There are two common themes throughout Bill Mayer’s professional life that have led him to where he is today: solid foundations and continual support. Mayer, who recently took the reins of Wells Fargo Equipment Finance (WFEF) upon John McQueen’s retirement,... read more

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When the Equipment Leasing and Financing Association (ELFA) elected Bob Rinaldi, CEO of Commercial Industrial Finance, as its Board of Directors chairman for 2015, Rinaldi knew he had to act fast. “My priorities may be a little on the aggressive... read more

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Monitor: Could you please discuss what led Community Trust Bank to form an equipment finance unit? JL: Community Trust Bank currently has equipment loans within its loan portfolio, but with the addition of a dedicated equipment finance team, the bank... read more

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In a 2012 report, the National Business Aviation Association said general aviation, which includes business aviation, contributes more than $150 billion to the annual U.S. economic output. However, from 2008 through mid-2010, flight activity in the business aviation sector dropped... read more

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Borrowing to acquire equipment, supplement cash-flow or finance company expansion can be challenging for some businesses depending on financial strength and operating performance history. Patrick McMullan, president of ALCS Capital, says he has firsthand knowledge of the difficulties businesses face... read more

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The first transcontinental railroad was completed in May 1869, marked by a ceremonial “last spike” at Promontory Summit in Utah. Today, 145 years later, there are hundreds of rail lines throughout the U.S. supporting the American economy. Railroads haul products... read more

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The Volvo Group has grown from a series-manufactured car concept in mid-1920s Sweden to one of the world’s leading manufacturers of trucks, construction equipment and buses. Greensboro, NC-based Volvo Financial Services (VFS), with more than 1,400 employees and 28 operations... read more

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Ponte Vedra Beach, Florida-based Navitas (nah-vee-tas) Lease, which was launched in 2008 by Gary Shivers and a team of industry veterans, announced in January 2014 it completed its first term securitization of equipment loan and lease contracts, Navitas Equipment Receivables... read more

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When Steven Orenstein, head of HVB Equipment Capital, first met with Hudson Valley Bank CEO Stephen R. Brown in early January 2014, he initially assumed they were simply exploring the option of expanding the bank’s portfolio into the equipment finance... read more

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Engs Commercial Finance was founded in 1952 and is one of the oldest lenders to the truck and trailer industry in the U.S. Previously family-owned, ECF was acquired through a business partnership by long-term colleagues Craig Weinewuth and Jim Freund... read more

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John Geist knows good things don’t come to those who simply wait; they come to those who make it happen. About a year ago, the industry veteran saw an opportunity worth seizing and came out of retirement to make it... read more