New Ventures

Industry Veterans Launch Commercial Aircraft Leasing Company

Ray Sisson and Ed Wegel launched AVi8 Air Capital, a commercial aircraft leasing company to be headquartered in Dublin with a commercial office in Miami. read more

PNC Equipment Finance to Offer Full-Service Railcar Leases

PNC Equipment Finance announced the completion of its railcar solutions for corporate customers with the addition of full-service operating railcar leases. read more

MUFG Launches Aviation Finance Business in the Americas

Mitsubishi UFJ Financial Group is starting an aviation finance business in the Americas. Olivier Trauchessec has been hired as a managing director to lead the effort. read more

Wells Fargo Combines Equipment Finance Unit, Others into New Group

Wells Fargo will consolidate a number of its business units, including its equipment finance division, into a single entity called Wells Fargo Commercial Capital. read more

Merchant Advance Capital Expands into Equipment Leasing

Merchant Advance Capital, a Canadian online lender, will expand into the equipment leasing industry. read more

Air Purification Manufacturer Launches Equipment Leasing Program

Plasma Air, a manufacturer of air purification products, launched a nationwide equipment leasing program. The new program will deal primarily with casino owners and operators. read more

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

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Terry Mulreany
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