Of Interest

VistaJet Receives $150MM Investment, Company Valued at $2.5B

VistaJet signed a transaction with investment funds affiliated with Rhône Capital, which have invested $150 million of cash into the business. read more

Port of Los Angeles, GE Transportation Enter Agreements Worth $12MM

The Port of Los Angeles and GE Transportation have agreed to new commercial agreements worth up to nearly $12 million and extended their relationship for at least five years. read more

CIT Bank Invests $2.5MM in Clearinghouse CDFI

CIT Bank made a $2.5 million Class A equity investment in the Clearinghouse Community Development Financial Institution, the largest such investment in Clearinghouse CDFI's 20-year history. read more

NY-Based Construction Equipment Rental Company Named to Inc. 5000

Durante Rentals, a Westchester, NY-based construction equipment and tool rental company, ranked No. 1,476 in the Inc. 5000. read more

Baker Hughes: U.S. Rig Count Up 93% Year/Year

Banker Hughes noted in its latest weekly report that the rig count in the U.S. and Canada was 946 and 214, respectively up 455 and 93 from last year’s count. read more

Marlin’s Hilzinger, Camp to Present at Midwest IDEAS Investor Conference

Jeffrey Hilzinger, president and CEO of Marlin Business Services, as well as Taylor Camp, senior vice president and CFO for Marlin, will participate in the Midwest IDEAS Investor Conference. read more

Mitsui Ups Spending on Aircraft Leasing Amid Rising Demand

According to the Nikkei Asian Review, Mitsui is planning on investing more than $1.18 billion in its aircraft leasing business. read more

Wells Fargo Announces Board Changes; Duke to Succeed Sanger

Wells Fargo has taken a range of board refreshment actions, including naming Elizabeth A. Duke to succeed Stephen W. Sanger as independent chair. read more

CIT Provides $60MM Financing to Edward J. Minskoff Equities

CIT Group’s Real Estate Finance business provided a $60 million senior secured construction loan to Edward J. Minskoff Equities, a privately held real estate investment and development firm. read more

Dime Community Receives Approval to Launch SBA 7(a) Program

Dime Community Bank has been approved as a SBA lender and will offer loans under the SBA 7(a) program. read more

Ryder to Become Exclusive Sales Channel Partner for EV Company

Ryder System will become the exclusive sales channel partner and service provider for Chanje, a new California based medium-duty electric vehicle and energy services company. read more

Cloud Lending Solutions Upgrades Commercial Lending Offerings

Cloud Lending Solutions upgraded its suite of commercial lending products, including CL Loan, CL Lease, CL Originate, CL Collections and CL Marketplace. The company also released a new product in CL Portal. read more

PNC Equipment Finance Leases Golf Carts to City of Cuyahoga Falls, OH

According to a local news report, the city of Cuyahoga Falls, OH entered into a contract for the lease and maintenance of golf carts for the Brookledge Golf Club with PNC Equipment Finance and Lake Erie Golf Carts. read more

Wells Fargo CEO Shares Updates on Rebuilding Trust in Message

Wells Fargo CEO Tim Sloan sent a company wide message to team members regarding the bank’s second quarter 10-Q filing and updates on its rebuilding trust efforts. read more

Wells Fargo: Small Business Optimism Reaches Highest Point in Decade

According findings from the Wells Fargo/Gallup Small Business Index, small business optimism continues to climb in the third quarter as business owners said they are the most optimistic in more than a decade. read more

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