New Ventures

Element Shareholders Overwhelmingly Vote in Favor of Business Split

Element Financial’s plan to split into two separate entities received nearly unanimous approval (99.52%) in a special meeting of shareholders. read more

Fifth Third, GreenSky Enter Into Fintech Alliance

Financial Technology company GreenSky entered into strategic agreement partnership with Fifth Third Bank that includes a $50 million investment. read more

Pacific Mercantile Bank Launches Solar, Renewable Energy Group

Pacific Mercantile Bank launched a Solar and Renewable Energy Lending group. The new group will be led by Scott Reising, who previously served as SVP and group head of Renewable Resources at Bridge Bank. read more

Opus Bank Launches Public Finance Division, Semenov to Lead

Opus Bank launched a Public Finance division and Dmitry Semenov joined Opus as senior managing director, head of Public Finance to lead the new division. read more

Loeb Partners With SQN to Provide Equipment Financing in Mexico

Loeb Term Solutions announced a partnership with SQN Latina, which will provide Loeb with the ability to offer equipment financing in Mexico. read more

ENGS Commercial Finance Launches Insurance Agency Subsidiary

ENGS Commercial Finance announced is expanding its product line and offering insurance through ENGS Insurance Agency, a wholly owned subsidiary of the company. read more

Wells Fargo Increases Presence in Maine with New Office

Wells Fargo opened its newest Middle Market Banking office in Portland, ME. Rob Small and Dave Ott have joined the firm, from TD Bank and BofA Merrill, respectively, and will be based in the new office. read more

KMEX Leasing Supports U.S. Manufacturing Sales to Mexico

U.S. manufacturers now have a new financing option for their Mexico-based equipment through KMEX Leasing. read more

EverBank Announces Leadership Appointments, Organizational Realignment

EverBank expanded its Lender Finance division and combined the Capital Equipment Finance and Business Credit units into a single group, while also adding two former GE Capital employees to its senior management team. read more

OnDeck Expands Outreach to Accountants

Online lender OnDeck is expanding its Accountant Advisor Program with the hiring of new accountant relationship managers in Miami, Louisville, KY, and Mobile, AL. read more

Global Jet Capital Launches Aircraft Sales Division

Global Jet Capital announced the launch of an aircraft sales division. The announcement comes as new research reveals that 11.5% of the world’s fleet of mid-sized to heavy business aircraft are currently available for sale. read more

Flexjet Expands International Ops Led by Former Bombardier Sales SVP

At the European Business Aviation Convention & Exhibition, Flexjet laid out international expansion plans and announced that Raymond Jones, a former Bombardier sales SVP, will lead the international operations. read more

Wells Fargo Launches FastFlex Small Business Loan

Wells Fargo launched FastFlex Small Business Loan, a fast-decision loan that offers a competitive interest rate to small businesses with short-term credit needs. FastFlex was built in-house by Wells Fargo. read more

Nations Equipment Finance Opens Denver Office, Lewis to Lead

Nations Equipment Finance opened a new office in Denver to accommodate growth plans and future expansion. The new office will be led by Rob Lewis, vice president of Business Development. read more

Stonebriar Launches SCF Realty Capital, Mavoides to Lead

Stonebriar Commercial Finance expanded its range of capital solutions with the creation of SCF Realty Capital, hiring Pete Mavoides as president of the new venture. read more

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