New Ventures

Former PNC Equipment Finance Executives Launch Verdant Commercial Capital

Verdant Commercial Capital launched as an independent equipment finance company. Verdant is led by CEO Mike Rooney, EVP John Merritt and CCO Chris Kelley. read more

Live Oak Bank Launches New Franchise Lending Business

Live Oak Bank launched a new lending division focused on financing for the franchise restaurant industry. The business will be led by General Manager Lew Woodbury. read more

Navitas Credit Launches New Middle Market Equipment Finance Group

John Martella will join Navitas Credit as senior vice president of the newly formed Navitas Capital division. Jean Cutting also will join the division as vice president of Business Development. read more

Industry Veterans Gannon & Dunner Launch Marine Container Leasing Company

Jeffrey Gannon and Adrian Dunner, in partnership with investment vehicles managed by Wafra, formed Global Container International, a new marine container leasing platform headquartered in Boston. read more

Felker to Lead Washington Federal’s New Franchise Finance Division

Washington Federal’s new Franchise Finance division will operate out of Scottsdale, AZ. The division will be led by Marisa Felker, who was formerly with CitiCapital and GE Capital Franchise Finance. read more

CSI Expands to Aircraft Ground Support Equipment, Hires Industry Expert

CSI Leasing hired Neil Bennet as GSE leasing global manager to lead its new aircraft ground support equipment leasing initiative. read more

Heritage Global Launches Energy and Construction Division

Heritage Global launched Heritage Global Energy and Construction. Daniel Beck was appointed managing director of the new division. read more

Reetz Promoted to AVP, Credit Manager for First Foundation’s Equipment Finance Unit

Garrett Reetz was promoted to assistant vice president, credit manager in the First Foundation’s Equipment Finance department, as the bank launched a Corporate Banking offering and made several appointments and promotions to its Commercial Banking team. read more

Verhelle Forms New Financial Services Business

Bill Verhelle, the founder of Harvard Partners and First American Equipment Finance, formed a new national lending business in Fairport, NY called Innovation Finance. read more

Sparta Commercial Enters Equipment Financing Market

Sparta Commercial Services launched a new equipment financing program designed expressly to meet the needs of small to mid-sized businesses throughout the U.S. read more

Aviation Capital Group Forms New Aircraft Financing Solutions Group

Aviation Capital Group formed a new aircraft financing solutions group and added Robert Roy, Andrew Falk and Robert Lewandowski to lead the program. read more

Investors Bank Launches Equipment Finance Group

Investors Bank is launching an equipment finance group that will enhance its C&I lending capabilities. A seven-person team of equipment financing professionals led by Group Leader Kenneth L. Walters has joined the bank. read more

Veterans Capital Fund Launches Seven Leaf Capital

Veterans Capital Fund, an investment leasing fund which works with early stage and emerging growth companies nationwide, launched Seven Leaf Capital. read more

GA Telesis Launches Leveraged Finance Group

GA Telesis launched a new division called Leveraged Finance Group to provide secured aircraft financing for lessors, investors and airlines. GAT appointed David Lloyd and Nolan Heske as managing directors of LFG. read more

Umpqua Bank Hires Former KeyBanc Exec to Launch Capital Markets Unit

Umpqua Bank hired Chad Riddle, former director of investment banking at KeyBanc Capital Markets, to lead a new Capital Markets division as managing director. read more

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