Of Interest

Fleet Advantage Receives Green Supply Chain Award for Second Time

Fleet Advantage was selected as a 2020 recipient of the Green Supply Chain Award by Supply & Demand Chain Executive. This is the second year that Fleet Advantage has received this award. read more

AICPA: Small Businesses and CPA Firms Should Ready for New Round of Relief Funds

As Congress weighs renewed economic stimulus, CPA firms should be gearing up to assist small businesses whose survival depends on a new round of funding under the Paycheck Protection Program, according to the AICPA and its business and technology arm, CPA.com. read more

Fifth Third Launches COVID-19 Small Business Response and Recovery Initiative

Fifth Third Bank launched the Greater Cincinnati COVID-19 Small Business Response and Recovery Initiative, providing businesses of 25 employees or fewer in low-to-moderate income areas with advice and access to capital through the initiative’s loan and grant programs. read more

CIT to Plant 50,000 Trees in Angeles National Forest to Support Reforestation

CIT and its Pasadena, CA-based banking subsidiary CIT Bank will plant 50,000 trees in Angeles National Forest through a collaboration with One Tree Planted, a nonprofit organization focused on global reforestation. read more

Scorpio Bulkers Sells Kamsarmax Vessel for $20MM

Scorpio Bulkers entered into an agreement with an unaffiliated third party to sell the SBI Zumba, a Kamsarmax bulk carrier built in 2016, for approximately $20 million. Delivery of the vessel is expected to take place in Q1/21. read more

Wolters Kluwer Acquires eOriginal for $280MM

Wolters Kluwer Governance, Risk & Compliance acquired eOriginal, a provider of cloud-based digital lending software, for approximately €231 million ($280 million) in cash. read more

Wiedmeyer of Fleet Advantage Earns Prestigious ATA Certification

Matthew Wiedmeyer, director of fleet services for Fleet Advantage, earned the VMRS specialist certification from the American Trucking Association’s technology and maintenance council. Fewer than 300 individuals hold a VMRS certification in the United States. read more

ISM: Hospital Economic Activity Grows For Sixth-Straight Month in November

Economic activity in the hospital subsector grew in November for the sixth consecutive month, according to the Hospital ISM Report On Business from the Institute for Supply Management. read more

Amur CEO ShahMohammed Gifts $5MM to Bard College

Mostafiz ShahMohammed, chairman and CEO of Amur Equipment Finance, provided a $5 million gift for the endowment of Bard College. ShahMohammed is an alumnus and trustee of Bard College. read more

Epiq Reports 46% Increase in November Commercial Chapter 11 Filings

Commercial Chapter 11 filings increased 46% in November 2020 compared with November of last year, according to data provided by Epiq. read more

Rinaldi Interviews Wintrust’s Phillips in Recent Video

Bob Rinaldi, president of Rinaldi Advisory Services, added a video interview with Kirk Phillips, president and CEO of Wintrust Commercial Finance, to his Leasing Avenues blog. read more

MUFG: Restaurant Franchise Financing Rebounds to Pre-Pandemic Levels

Financing for restaurant franchise operators in the large and middle-tier segments has mostly bounced back to what it had been before the onset of the COVID-19 pandemic, according to Brian Geraghty, head of restaurant finance at Mitsubishi UFJ Financial Group. read more

Asset Control Rebrands as Alveo

Asset Control rebranded as Alveo to reflect the change within the business since moving to new ownership more than two years ago. Alveo is a provider of market data integration and analytics solutions for financial services. read more

Bombardier Delivers 200th TRAXX Locomotive to Railpool

Bombardier Transportation delivered the 200th BOMBARDIER TRAXX locomotive to Railpool, a European rail vehicle leasing company. The handover took place at Bombardier’s Kassel site in Germany. read more

Synovus Launches New Agriculture and Timber Team

Synovus Bank launched a new agriculture and timber team, with an initial focus on the production, agribusiness and timber segments of the industry south of the Fall Line in Georgia, and additional coverage in northwest Florida and southeast Alabama. read more

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