New Ventures

Nedder Joins Flushing Bank to Lead Equipment Financing Unit

Flushing Financial, the parent holding company for Flushing Bank, hired Michael C. Nedder to lead the bank’s newly formed equipment financing business unit. read more

Fosmark to Lead Celtic Bank’s New Specialty Commercial Finance Group

Michael Fosmark will head Celtic Bank’s new Specialty Commercial Finance division, which will combine several departments including Leasing & Equipment Finance and Asset-Based Lending. read more

Fifth Third Partners with QED Investors to Advance Fintech Strategy

Fifth Third Capital Holdings partnered with fintech venture capital firm QED Investors, which will advise Fifth Third on the continued development of its fintech strategy. read more

Texas Capital Bank Launches National Public Finance Practice

Texas Capital Bank hired Scott Kuhn, David Roeder and James Sult to launch its national public finance practice. read more

Daniel Joins ENGS to Lead New Factoring Division

Tania Daniel joined ENGS Commercial Finance as the managing director of its newly launched factoring division. Daniel was previously COO for Porter Capital. read more

PacLease Adds 10 New Locations to Meet Increasing Demand

PacLease added 10 new locations in response to an increase in demand for rental and leasing services. The company now has 454 locations in the U.S. and Canada. read more

Chorus Aviation Launches Aircraft Leasing Subsidiary

Chorus Aviation will establish a new regional aircraft leasing subsidiary, Chorus Aviation Capital. Steven Ridolfi was named president of the new leasing company. read more

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

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Terry Mulreany
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