New Ventures

Mountain Ridge Capital Launches as Asset-Based Commercial Finance Firm

Mountain Ridge Capital, an asset-based commercial finance company, officially launched. Backed with equity from Arena Investors, the company will be led by Craig Winslow as president and chief credit officer. read more

SouthState Bank Launches Equipment Finance Division, Hobbs to Lead

SouthState Bank launched an equipment finance specialty to create additional lending capabilities and to support its commercial customers. SouthState promoted Chris Hobbs to managing director to lead the newly formed specialty. read more

Ritchie Bros. Forms Dedicated Energy Team, Kittson to Lead

Ritchie Bros. formed a new dedicated energy team to support oil and gas customers with a suite of transaction solutions, services and insights. Kelly Kittson, director of strategic accounts for Ritchie Bros., will lead the new team. read more

Rolling Stock Solutions Launches to Provide Leasing Solutions for Commuter Rail Fleets

Rolling Stock Solutions launched as a new leasing platform focused exclusively on delivering proven, like-new locomotive power to U.S. commuter rail agencies facing challenges to replace and improve aging locomotive fleets. read more

DLL Launches The New Office Blueprint Whitepaper

DLL launched The New Office Blueprint, a whitepaper examining the historical significance of the office, the impact of pandemic-induced work and how businesses can best leverage a physical office moving forward. read more

LPA Hires Malka to Lead Expansion into US

LPA, a capital markets technology and advisory firm, will expand into the United States, with Serge Malka joining the firm as LPA US managing director. Malka will be responsible for the acceleration of LPA’s American operations with the opening of a new office in New York. read more

BMO Opens Commercial Banking Office in Grand Rapids, MI

BMO opened a commercial banking office in Grand Rapids, MI, led by James Hess, managing director for Michigan for the company. The office is comprised of five commercial bankers focused on diversified industries, equipment finance and treasury and payment solutions. read more

Friendly Hills Bank Launches Specialty Lending Group for Commercial Vehicles

Friendly Hills Bank launched a specialty lending group dedicated to providing financing solutions for commercial trucks and vehicles. Marc Merino joined the bank as executive vice president and director of specialty lending to spearhead this new effort. read more

Sonoma Capital Officially Launches as Small-Ticket Equipment Financing Provider

Geminus Acquisition & Management officially launched Sonoma Capital, a small-ticket equipment financing and leasing provider. Sonoma Capital will offer equipment financing and leasing solutions to businesses and owner operators in the prime credit space across Canada. read more

Signature Bank Launches Healthcare Banking and Finance Business Line

Signature Bank launched a new business line with the appointment of a nine-person healthcare banking and finance team. Matthew T. Huber will lead the new business and team as senior vice president and managing group director. read more

Apple Bank Establishes Equipment Finance Group, Walters to Lead

Apple Bank established an equipment finance group to be headed by Ken Walters and an initial core team of seven people who have worked together for many years. read more

Black Buffalo 3D Launches Financing Subsidiary for 3D Construction Printers

Black Buffalo 3D, a manufacturer of NEXCON printers and proprietary 3D construction ink, launched a new subsidiary, Black Buffalo 3D Financial, which will offer financing and renting of large-scale 3D construction printers. read more

KeyBank and Beach Point Launch Middle-Market Direct Lending Program

KeyBank and Beach Point Capital Management, a credit focused investment manager, established a new joint venture middle-market direct lending program with $1.5 billion in lending capacity for U.S. middle-market clients. read more

Wells Fargo Forms Distinct Businesses within CIB Markets Group

Wells Fargo formed six businesses within its corporate and investment bank’s (CIB) markets group, effective immediately. The leaders of each business line will report directly to Mike Riley and Dan Thomas, co-heads of markets for Wells Fargo. read more

Blue Ridge Bank Establishes Middle-Market Banking Team, Riddle to Lead

Blue Ridge Bank established a middle-market banking division, an effort that will entail the buildout of commercial banking teams in the Mid-Atlantic and Southeast regions. C. Douglass Riddle will lead the new division. read more

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Terry Mulreany
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