Commercial Chapter 11 Bankruptcy Filings Increased 71% Y/Y in July
There were 362 commercial Chapter 11 filings registered in July 2023, an increase of 71% from the 212 filings registered...
US Bancorp Announces Debt/Equity Conversion with MUFG
U.S. Bancorp plans to issue 24 million shares of common stock to an affiliate of Mitsubishi UFJ Financial Group (MUFG)...
Blue Ridge Bank Hires Brown as Chief Operations and Technology Officer
Blue Ridge Bank, a subsidiary of Blue Ridge Bankshares, named Dean Brown chief operations and technology officer. Brown joined Blue...
Ryder Establishes Technology Lab Led by Founders of Startup Baton
Ryder System established Baton, a Ryder technology lab, based in Silicon Valley in California. The lab’s mission will be to...
Equitable Bank’s Chief Risk Officer to Step Down
Ron Tratch, chief risk officer of Equitable Bank, a wholly-owned subsidiary of EQB, will leave the company on Aug. 31....
July Class 8 Truck Orders Jumped 45% Y/Y
According to preliminary data from ACT Research, there were 16,000 net orders of Class 8 trucks in North America in...
TIAA Completes Sale of TIAA Bank; Bank Officially Returns to EverBank Brand Name
TIAA completed the sale of TIAA Bank to private investors with experience in financial services and will now officially begin...
Truck Freight Volume & Spending Decline by Sharpest Amount Since Early COVID-19 Pandemic
Truck freight volume and spending in Q2/23 declined by the highest levels since the early days of the COVID-19 pandemic,...
Priority One Financial Services Celebrates Milestone Employee Anniversaries
Nicole Armstrong, vice president of corporate initiatives, and Gary Rademaker, managing director of operations, recently celebrated 15 years of employment...
First Citizens Bank Arranges $58MM in Financing for Tanger Houston
First Citizens Bank’s middle market banking business arranged $58 million in financing for Tanger Houston, an open-air outlet center located...
