New Ventures

DLL Launches Lease by the Hour Solution

DLL launched a Lease by the Hour solution in the U.S. market. It is designed to provide customers with a flexible usage-based solution for saving money when financing equipment. read more

Encina, Oaktree Launch Independent Equipment Finance Company

Encina Capital Partners and an affiliate of certain funds managed by Oaktree Capital Management launched Encina Equipment Finance, a new independent equipment finance company. read more

Farm Credit EXPRESS Introduces Equipment Leasing Program

Farm Credit EXPRESS, the equipment financing program offered by Farm Credit, launched a new leasing program. The program was rolled out to Farm Credit’s equipment dealer network on April 3. read more

Peapack-Gladstone Adds New Team Members to Launch Equipment Leasing Unit

Peapack-Gladstone Financial added a new team of private bankers to launch Peapack Capital, which will focus on equipment finance and leasing. read more

Harris Launches JetLoan Capital; Malanowski to Lead Operations

Aviation finance industry veteran Sam Harris launched JetLoan Capital, with Melanie Malanowski heading operations. read more

City National Bank Launches Equipment Finance Business in Orlando

The Orlando Sentinel reported that City National Bank is opening an equipment finance subsidiary in Orlando. read more

Penske Truck Leasing Forms Onboard Technology Consulting Group

Penske Truck Leasing established an onboard technology consulting group within its existing operations. read more

Konecranes Launches Crane Rental Program

Konecranes will now offer low- to mid-range capacity cranes for rent, giving a new alternative to buying a crane. read more

Industry Veteran Launches Liberty Commercial Finance

Equipment finance and leasing veteran Eric Freeman has launched Liberty Commercial Finance, a new independent equipment lease and finance company with offices in Irvine, CA and Denver. read more

Pacific Western Launches Tax-Exempt Lending Group

Pacific Western Bank launched a Tax-Exempt lending group and hired Christopher Baron and Daniel Bronfman to lead the bank’s efforts in the government sector and non-profit sector, respectively. read more

Nedder Joins Flushing Bank to Lead Equipment Financing Unit

Flushing Financial, the parent holding company for Flushing Bank, hired Michael C. Nedder to lead the bank’s newly formed equipment financing business unit. read more

Fosmark to Lead Celtic Bank’s New Specialty Commercial Finance Group

Michael Fosmark will head Celtic Bank’s new Specialty Commercial Finance division, which will combine several departments including Leasing & Equipment Finance and Asset-Based Lending. read more

Fifth Third Partners with QED Investors to Advance Fintech Strategy

Fifth Third Capital Holdings partnered with fintech venture capital firm QED Investors, which will advise Fifth Third on the continued development of its fintech strategy. read more

Texas Capital Bank Launches National Public Finance Practice

Texas Capital Bank hired Scott Kuhn, David Roeder and James Sult to launch its national public finance practice. read more

Daniel Joins ENGS to Lead New Factoring Division

Tania Daniel joined ENGS Commercial Finance as the managing director of its newly launched factoring division. Daniel was previously COO for Porter Capital. read more

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