New Ventures

CIT Launches New Golf and Turf Equipment Leasing and Financing Vertical

CIT, a division of First Citizens Bank, launched a new lending and leasing vertical focused on financing fleet golf cars, turf (grounds care) equipment, utility vehicles and similar equipment. Shawn Foy will lead the new vertical. read more

CIBC Adds Junior Debt Lending and Advisory to Commercial Banking Services

CIBC formed a new junior debt lending and advisory team within its U.S. commercial banking group. Charlie Sheridan, who previously served as executive director of the financial sponsors group at J.P. Morgan, will lead the new team. read more

AGCO Finance Launches Campaign to Address Climate Change and Sustainability

AGCO Finance, a provider of financing solutions for agricultural equipment, launched its Climate Journey Campaign, which is part of the firm’s ongoing focus on sustainability, including its goal to grow regenerative solutions to 25% of its annual business. read more

Lion Electric Launches Financing Division, Blanchard to Lead

The Lion Electric Company launched LionCapital Solutions, a new division dedicated to providing customers with financing solutions for medium and heavy-duty electric vehicles. William Blanchard, formerly of BMO Capital Markets, will lead the new division. read more

MidCap Forms Equipment Finance Entity, Hires Shah, Lightfoot and Berger to Lead

MidCap Business Credit formed a new entity, MidCap Equipment Finance, and hired a team of investment professionals to begin offering equipment loans and leases. Saurin Shah, co-founder of SLR Equipment Finance (formerly known as Nations Equipment Finance), will lead the new entity. read more

Atlantic Union Bank Launches Specialty Vehicle Lending Group

Atlantic Union Bank will now offer specialty vehicle lending services, providing financing for fleets of vehicles such as motor coaches, shuttles, school buses and transit buses. The new group will operate within Atlantic Union Equipment Finance. read more

NFS Leasing Expands Offerings to Include Asset-Based Loans

NFS Leasing, a privately-held equipment finance company, is expanding its product offerings to include asset-based loans. read more

FNCB Bank Expands into Equipment Financing

FNCB Bank launched 1st Equipment Finance, a new equipment financing solution offered by the bank. Gary P. Cook will lead the new division as executive vice president and equipment sales officer. 1st Equipment Finance will be based in Exeter, PA. read more

BlueCrest Launches Financial Services Offering

BlueCrest, a postal and parcel automation company, launched BlueCrest Financial Services, which will allow clients to finance equipment, software, accessories, services and maintenance by paying monthly payments.  read more

Regions Bank Launches Commercial Business Development Team

Regions Bank launched a commercial business development team focused specifically on helping small businesses build customized plans for financial success. The new team will be led by Jordan Baxter, senior vice president of commercial banking at Regions Bank. read more

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

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