New Ventures

Ascentium Capital Launches Merchant Finance Division

Ascentium Capital is now offering a specialized financing program to independent sales organizations and to their clients, retail merchants. read more

Aviation Capital Group Forms Aircraft Leasing Joint Venture

Aviation Capital Group formed an aircraft leasing joint venture with Chow Tai Fook Enterprises and NWS Holdings for the purpose of investing in the purchasing, leasing and selling of commercial aircraft. read more

Chicago-based Investors Launch Railcar Leasing Company

Three Chicago-based investors, affiliates of Allstate, Duchossois Capital Management and CC Industries formed Riverside Rail, a new freight railcar leasing company. read more

GE Aviation Creates Digital Business, Daily to Lead

GE Aviation created a digital organization to bring all of the digital expertise into one business. Jim Daily will lead the group as president and chief digital officer of Engineering and Technology. read more

ROMCO Equipment Opens New Division

ROMCO Equipment opened a new division called ROMCO Power Systems, which will provide sales and service of new and rebuilt engines, generators and industrial pumps. read more

Vertex Railcar Launches Leasing Company

Vertex Railcar announced the launch of Vertex Rail Leasing, which is a wholly owned subsidiary of Vertex Railcar and will serve as a leasing partner to support customers who prefer leasing. read more

SunTrust Launches FinTech-Focused Commercial Banking Specialty

SunTrust launched a new payments and technology industry specialty in Commercial and Business Banking. Eric Brewer, current head of Treasury and Payment Solutions at SunTrust, will lead this new specialty. read more

Navitas Buys Liberty Financial, Launches Specialized Vehicle Finance Unit

Navitas Lease announced the purchase of Liberty Financial in order to accelerate its entry into the vocational vehicle and related equipment marketplace. read more

Merchants Bank Renames Equipment Finance Unit

Merchants Capital Resources has changed its name to Merchants Bank Equipment Finance as of January 1, according to president Bradley R. Brolsma. read more

First Foundation Launches Equipment Finance Department

First Foundation Bank named Mike Mayfield SVP/MGR to run its newly established equipment finance department. read more

Great American Launches M&A Liability Division

Great American Insurance Group launched a mergers & acquisitions liability division, its 32nd specialty property and casualty business. Roy Reynolds has been named division senior vice president read more

Bridgehampton Forms Equipment Finance Department, Thompson to Head

The Bridgehampton National Bank announced the formation of the Equipment Financing and Leasing Department. James Thompson has been retained as senior vice president, corporate director Equipment Finance. read more

The Bancorp’s Expands Commercial Fleet Leasing Unit into CA

The Bancorp announced the acquisition of the commercial leasing assets of Ellis Brooks Leasing, an independent commercial and fleet leasing company located in San Francisco. read more

EagleBank Launches Equipment Leasing Program

EagleBank announced that it will add a full service equipment leasing program to its suite of product offerings. read more

Bloomberg: JPMorgan Chase Partners With On Deck Online Lender

Bloomberg reported JPMorgan Chase is teaming up with On Deck to provide small-dollar loans to small businesses. The product will carry the Chase brand and is expected to be launched in a pilot program next year. read more

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
Susie Angelucci
Advertising: 484.459.3016

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.