January Used Truck Retail Volumes Jump 24% M/M
According to the latest preliminary release of the State of the Industry: U.S. Classes 3-8 Used Trucks report published by ACT...
Navitas Credit Founder and CEO to Retire
Gary Shivers, founder and CEO of Navitas Credit will retire as CEO on Feb. 28. Shivers founded Navitas in 2008 and...
Equipment Finance Industry Confidence Improves Again in February
According to the Equipment Leasing & Finance Foundation's February 2023 Monthly Confidence Index for the Equipment Finance Industry, confidence in...
BMO Appoints Hirji Group Head of Commercial Banking
BMO Financial Group appointed Nadim Hirji as group head of BMO Commercial Banking. Hirji will report to CEO Darryl White...
Signature Bank Announces Leadership Transition Plans
Joseph J. DePaolo, president and CEO of Signature Bank, plans to transition into a senior advisor role during 2023. Eric...
Truist Sells 20% Stake in Truist Insurance Holdings to Stone Point Capital for $1.95B
Truist agreed to sell a 20% stake in Truist Insurance Holdings to funds managed by private equity firm Stone Point...
B. Riley Expands Appraisal Services with Addition of Field Examination Practice
B. Riley Advisory Services, a provider of specialty business advisory services, expanded its appraisal and valuation services with the addition...
IDB Bank Expands Sponsor and Leverage Finance Team
IDB Bank expanded its sponsor and leverage finance team, hiring four professionals who previously worked together with Investors Bank. James...
CIT Closes $8MM Factoring Facility for Los Angeles-Based Apparel Company
CIT Commercial Services, a wholly-owned subsidiary of First Citizens Bank, closed a non-recourse factoring arrangement and $8 million senior secured...
NFS Leasing Reports 32% Y/Y Growth in Originations in 2022
NFS Leasing achieved 32% year-over-year growth in originations in 2022. According to the company, the performance was driven by both...
