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Sloan to Retire as Wells Fargo CEO; Parker Appointed Interim CEO

Wells Fargo President and CEO Timothy Sloan has informed the company’s Board of Directors of his decision to step down as CEO, president, and board member effective immediately. The board has elected General Counsel C. Allen Parker as interim CEO. read more

JPMorgan Plans Layoffs After Staffing Review

According to Bloomberg, JPMorgan Chase is planning on laying off hundreds of employees within its asset and wealth management division after a periodic staffing review. read more

Parauka, Worman Join Utica Equipment Finance

Utica Equipment Finance hired Marc Parauka as director of credit and underwriting and Matt Worman as business development officer covering the midwestern and central U.S. markets. read more

Harm Joins CIT as Commercial Services Managing Director

Neal Harm joined CIT Group’s Commercial Services business as managing director overseeing strategy, business development and project management. He will report to Commercial Services President Marc Heller. read more

BB&T Veteran to Oversee New FNB Loan Production Office in Philly

First National Bank awill open a new regional loan production office in Philadelphia to facilitate additional business opportunities for the bank’s commercial and lending services in the southeastern portion of the state. read more

GE Capital Vet Rex Joins Encina Equipment Finance as Managing Director

Wren Rex joined Encina Equipment Finance as managing director of Business Development for the Northeast Region. She will be based in Westport, CT and report to Rick Matte, president and chief commercial officer. read more

HomeStreet Bank Hires Business Lending Team from Silvergate Bank Branch

HomeStreet Bank completed its purchase of the San Marcos, CA deposit branch of Silvergate Bank, including certain related commercial loans. It also hired the branch’s business lending team. read more

Umpqua Bank Names Ilkov EVP, Antrim SVP in San Diego

Umpqua Bank named Kris Ilkov EVP, Southwest regional director of offices in San Diego, Reno and Las Vegas and hired Jason Antrim as SVP, corporate banking managing director, to lead Umpqua's San Diego office. read more

Chesswood Hires Sheehan to Lead New Equipment Financer Tandem Finance

Chesswood Group expanded its equipment finance footprint in the U.S. with the launch of Tandem Finance, a provider of financing for equipment purchases to small and medium sized businesses of all credit profiles. read more

Morrish, Bovard Join Summit Funding as Sales Managers

Independent equipment lessor Summit Funding Group bolstered its Construction and Material Handling division with the addition of two sales managers: Scott Morrish and Jason Bovard. read more

Holly, Coon Join Hanmi Commercial Equipment Leasing Division

Hanmi Bank’s Commercial Equipment Leasing Division hired Michael Coon as senior business development and capital markets officer and Maggie Holly as first vice president, credit manager. read more

Neumann Hires Nine Business Development Professionals in Philadelphia

Neumann Finance, a nationwide commercial equipment financing company, added nine new members to its business development team as part of its aggressive growth plan. read more

Bergeron, Savoca Join Pitney Bowes as VPs/General Managers

Lee Bergeron and Karen Savoca joined the Pitney Bowes Financial Services leadership team as, respectively, VP/general manager, Equipment Finance and Financial Services and VP/general manager, Leading Products & Services. read more

Bank of America Names Foster North Bay Market President

Bank of America named Private Bank senior vice president Jason Foster its market president for the North Bay counties of Marin, Napa and Sonoma, CA. read more

JPMorgan Chase Vet Bean Joins Mesirow Financial as Wealth Advisors CEO

Mesirow Financial appointed Melissa Bean president and CEO of Mesirow Wealth Advisors. She succeeds Lee Gordon, who will transition to chairman of Mesirow Wealth Advisors. read more

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Terry Mulreany
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