Of Interest

Triumph Completes First Bancorp of Durango, Southern Colorado Acquisitions

Triumph Bancorp completed its acquisitions of First Bancorp of Durango and Southern Colorado. read more

Commercial Chapter 11 Filings Fall 12% in August

According to the American Bankruptcy Institute, the 361 commercial chapter 11 filings in recorded in August 2018 were down 12% from the 412 commercial chapter 11 filings in July. read more

Ritchie Bros. Sell Over $60MM in Equipment at September Auction

Ritchie Bros. sold over C$78 million ($60 million) in equipment to more than 1,000 consignors at the company’s September auction in Edmonton, AB. read more

LaSalle Engineer Pfau Named Cisco Most Strategic Partner Engineer

LaSalle Solutions Lead Engineer Dave Pfaa received the Cisco award for Most Strategic Partner Engineer. Cisco presented the award on at its FY18 Partner Awards in Las Vegas in August. read more

Verity Health System of CA Files Chapter 11; Ally Bank to Provide DIP

Verity Health System of California filled voluntary petitions for protection under Chapter 11. Ally Bank will be providing secured DIP financing of up to $185 million. read more

Virtual Crypto Software to Allow Purchase/Sale of Bitcoin at Regular ATMs

Virtual Crypto Technologies will offer ATM operators worldwide software that will enable users to buy and sell bitcoin at regular ATMs. read more

Debitum Network Launches Blockchain-Based Ecosystem for Small Business

Debitum Network launched a global finance platform aimed at tackling the worldwide shortage of funding for small businesses. read more

Magellan Jets Reaches Inc 5000 Hall of Fame Status

Magellan Jets landed on the Inc 5000 list for the 6th consecutive time in 2018, which puts them in the Inc Hall of Fame. read more

Home Prices Rise Three Times Faster than Rents

According to a new analysis by realtor.com, costs of buying a home have risen by 14% over the past year. This is more than three times the 4% increase in monthly rental costs. read more

Alta Speakers to Address Industry Topics at ELFA Philly Conferences

Three companies will present their real-life case studies about the benefits and challenges of data analytics for improving sales originations, servicing and end-of-term at the ELFA Operations & Technology Conference in September. read more

Bloomberg: Fed Rate Increases No Longer Look Certain

Fed officials interviewed last week reinforced the notion the Fed will raise rates in September and Decembers. However, judging from a headline speech by Chairman Jerome Powell, Bloomberg notes this path may be far from certain. read more

Iconiq to Partner with Amazix to Advocate for Blockchain

Iconiq Holding will enter a strategic partnership with community management and engagement firm AmaZix to enhance its ability to bridge the traditional investment space and crypto economy. read more

Baker Hughes: U.S. Rig Count up 11% Year/Year

According to the latest report from Baker Hughes on the U.S. oil rig count, there were 1,044 rigs counted on August 24, 2018, up 11.1% from the 940 rigs counted on the same day one year ago. read more

Leveraged Loan Buyers Demand Better Terms

Bloomberg reported money managers are beginning to demand better rates and are avoiding riskier deals, as illustrated by a $1.475 billion loan for the buyout of chemicals company SI Group. read more

AAR Reports Rail Traffic Volume Up 1.7% YTD

The AAR reported that for the first 33 weeks of 2018, U.S. railroads had a cumulative volume of 8,626,033 carloads, up 1.7% from the same point last year. read more

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