New Ventures

Wingspire Capital Launches Equipment Finance Division, Murray Named Managing Director

Specialty finance firm Wingspire Capital expanded its product mix with the creation of a dedicated equipment finance division and named Tom Murray managing director of equipment finance. read more

Fortis Launches Equipment Financing Product

Fortis, a commercial bank serving small- to medium-sized, privately held businesses in Colorado and Utah, launched an equipment financing product offering. read more

Regions Equipment Finance Builds Technology Solutions Platform, Cannon to Lead

Regions Equipment Finance is expanding its specialty capabilities to include a new technology solutions platform and team. Jay Cannon, a 40-year banking veteran who previously served as eastern region manager for U.S. Bank’s technology finance group, well lead the platform. read more

CIBC Adds Equipment Finance to Commercial Banking Services, Green to Lead

CIBC entered its 16th specialty banking area, adding an equipment finance team within its U.S. commercial banking group. Matthew Green, formerly of J.P. Morgan, will lead the new equipment finance team at CIBC. read more

GA Telesis Launches Freight Forwarding Company

GA Telesis launched GAT Logistics Solutions Group, a wholly-owned global freight forwarding subsidiary that will offer logistics services to the aerospace industry and the healthcare, technology and retail verticals. read more

Simmons Bank Forms Corporate Banking Division, Lowe to Lead

Simmons Bank created a new corporate banking division, consolidating its specialty lending verticals. Paul Lowe will lead the new unit as executive vice president of corporate banking. read more

Synovus Launches Restaurant Finance Team

Synovus launched a new restaurant finance team focused on helping restaurants across the United States. Residing in Synovus’ wholesale banking division and based in Atlanta, the team consists of restaurant industry and banking veterans Scott Tocci, Kelly Nyquist and Jay Sim. read more

Former NewStar Financial Execs Launch New Commercial Finance Company

Clarus Capital launched as a new commercial finance company focused on delivering capital solutions to finance tangible assets for leveraged middle-market companies. The new company was founded by former executives of NewStar Financial. read more

1st Commercial Credit Launches Equipment Financing Program

1st Commercial Credit, a funding company that specializes in accounts receivable factoring and trade payable financing, introduced an equipment financing program with more than $1 billion in funding availability for various sized companies, credit score ranges and industries. read more

SatLease Capital Launches as Satellite Equipment Financing Company

A new firm launched this week to provide financing for telecommunications equipment. Named SatLease Capital, the company is focused on serving both maritime and land enterprise customers by generating satellite equipment leasing transactions. read more

Bank OZK Hires Lyons to Launch Equipment Finance and Capital Solutions Group

Bank OZK hired Jim Lyons to launch its equipment finance and capital solutions group as managing director. The new group will provide an array of equipment-oriented collateral products, including equipment finance and lease structures. read more

Dext Capital Launches Real-Time Access Portal

Dext Capital launched DART (Dext Access Real Time,) a new portal for customers and partners to not only access their accounts but to submit applications, monitor their application status and review funding options. read more

Ritchie Bros. Launches Self-Serve Equipment Listing Service

Ritchie Bros. launched a new self-serve equipment listing service: RitchieList.com. The new service gives customers the control and tools to sell equipment privately. read more

Oakmont Capital Services Launches Broker Services Division, Hires Koltes and Renneker

Oakmont Capital Services added a broker services division and Missy Koltes, CLFP, joined the company as broker services specialist to co-lead the division with Jim Peach. In addition, Oakmont added Tabitha Renneker as a business development officer. read more

Castlelake Establishes Corporate Lessor of Commercial Aircraft

Castlelake, an alternative investment firm and provider of aircraft investing, leasing and servicing, created Castlelake Aviation Limited, a corporate lessor of commercial aircraft that will finance a portfolio of modern aircraft. read more

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Terry Mulreany
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