Of Interest

TIAA Bank Completes Official Rebrand as EverBank

TIAA Bank completed its official rebrand as EverBank this week. Last month, TIAA completed the sale of TIAA Bank to private investors, with the bank beginning to operate as EverBank under a new national bank charter. read more

Access Capital Upgrades to Solifi’s SaaS Asset-Based Lending Solution

Access Capital, a privately-owned asset-based lending firm based in New York, upgraded from Solifi’s legacy on-premise platform (ABLM.NET) to Solifi ABL on Solifi’s Open Finance Platform. read more

Baker Hughes and Tellurian to Supply Equipment for Liquified Natural Gas Project

Natural gas company Tellurian and Baker Hughes entered an agreement to supply eight main refrigerant compression packages for phase one of the Driftwood LNG (liquefied natural gas) project in Louisiana. read more

Udvar-Hazy to Speak at Deutsche Bank Aircraft Finance & Leasing Conference

Steven F. Udvar-Házy, executive chairman of Air Lease, will be presenting at the Deutsche Bank 13th Annual Aircraft Finance & Leasing Conference in New York City. read more

Santa Cruz County Bank Forms Bank Holding Company

Santa Cruz County Bank consummated a holding company reorganization with the formation of West Coast Community Bancorp, which went into effect on Aug. 18. read more

BMO Appoints Former Morneau Shepell Chief Human Resources Officer to Board of Directors

Bank of Montreal appointed Hazel Claxton, former executive vice president and chief human resources officer of Morneau Shepell (now part of TELUS Health), to its board of directors. read more

Titan Machinery to Acquire Australian Case IH Dealership Group for $63MM

Titan Machinery, an owner of a network of agricultural and construction equipment stores, entered into a definitive purchase agreement to acquire J.J. O’Connor & Sons (O’Connors), a Case IH dealership group in Australia, for $63 million in cash. read more

Gibraltar Business Capital Provides $26.4MM in Acquisition Financing to Lion Equity Partners

Gibraltar Business Capital provided a $26.4 million senior credit facility to Lion Equity Partners, a Denver-based private equity firm, to support its acquisition of Country Life, which operates a portfolio of brands in the natural supplements, sports nutrition and personal care markets. read more

Inflation Takes Toll on Employee Financial Stress, Productivity

According to PNC Bank’s inaugural survey about financial wellness in the workplace, seven in 10 employees said they experience stress related to their personal finances. Inflation is a key factor, with 90% of those surveyed saying that they are being negatively affected by inflation. read more

Synchrony Introduces New Structure to Streamline Equipment Purchases

Synchrony unveiled its All-in Advance Structure, which is designed to make purchasing powersports and other outdoor equipment faster and easier. read more

Comerica Introduces Interest-Earning Solution for Business Banking Customers 

Comerica Bank launched Comerica Maximize, a new solution that allows qualifying small business and business banking customers to earn interest income while growing and protecting their businesses with treasury services. read more

US Med-Equip Earns Spot on Inc. 5000 for 11th Time

US Med-Equip, a provider of on-demand medical equipment solutions, earned a spot on the Inc. 5000 for the 11th time. The Inc. 5000 recognizes the fastest-growing privately held companies in the U.S.  based on revenue over the prior three years. read more

Maxim Crane Works Prices $500MM Second Lien Bond Issue

Maxim Crane Works, a provider of heavy-lift equipment rental services in the U.S., priced an aggregate principal amount of $500 million of 11.5% second-priority senior secured notes due 2028. read more

Ritchie Bros. Sells $44MM of Equipment During Auction for WB Pipeline

Ritchie Bros. Auctioneers, a subsidiary of RB Global, sold nearly $44 million of equipment for WB Pipeline in an auction on Aug. 9 in Splendora, TX. The auction was part of a strategic downsizing initiative for WB Pipeline, which will continue to serve its clients.  read more

Sabal Capital Partners Official Transitions to Regions Real Estate Capital Markets Brand

Regions Bank announced that Sabal Capital Partners is now officially part of the Regions Real Estate Capital Markets brand. Regions acquired Sabal Capital Partners in December of 2021. read more

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