New Ventures

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

Regents Capital Expands Team, Opens Austin Office

Regents Capital, a provider of equipment leasing and financing solutions in the U.S., announced the opening of a second office in Austin, TX. read more

Accord Financial Launches Small Business Lending Program

Accord Financial announced the launch of AccordAccess, an online lending program aimed at financing growth for small and medium-sized businesses across Canada. read more

Capstone Launches Energy Finance Joint Venture

Capstone Turbine announced the launch of Capstone Energy Finance, a joint venture to provide financing options for the purchase of Capstone microturbines. read more

Crossroads Launches New Telesales Operation

Crossroads Equipment Lease & Finance launched First Continental Capital Group, a telesales division for syndicating commercial equipment loans and leases up to $50 million. read more

Marlin Launches New Transportation Finance Unit

Marlin Business Services has expanded its vendor financing programs with the launch of a new transportation finance channel. The new unit will be led by Roger Beil, who was named AVP of sales, Transportation Finance. read more

Former GE Capital Exec to Lead Relaunch of Molloy Associates

Xander Media Group, parent company of the Monitor and ABF Journal, has relaunched its Molloy Associates executive search business effective immediately. Jim Gavaghan has joined the firm as senior vice president and business head of Molloy Associates. read more

The Alta Group Forms Asia Pacific Consultancy; Pang to Lead

The Alta Group expanded with the creation of The Alta Group Asia Pacific Region. The new branch is based in Hong Kong and serves the broader Asia Pacific equipment leasing and asset finance market. read more

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Terry Mulreany
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