News

Wintrust Specialty Finance Hires Shipley as SVP and Chief Sales Officer

Craig Shipley joined Wintrust Specialty Finance, a division of Beverly Bank & Trust Company, as senior vice president and chief sales officer. Shipley will be located in Chicago and will focus on the growth of Wintrust Specialty Finance’s wholesale and vendor channels. read more

Star Hill Financial Hires Bligh as SVP of Credit for Franchise Division

Ali Bligh joined Star Hill Financial, a certified Women Business Enterprise based in Fairfield, CT, as senior vice president of credit for the firm’s franchise division. Bligh joined Star Hill from Bridge Funding Group, where she spent the past seven years underwriting franchise transactions. read more

Nexseer Capital Promotes Gaitan to VP of Portfolio Management

Nexseer Capital promoted Jesse Gaitan to vice president of portfolio management. Gaitan will oversee all aspects of asset and lease management, provide customer support and work with Nexseer’s risk and underwriting teams to manage all transactions in the company’s portfolio. read more

ELFF Projects 5.3% Economic Growth for U.S. in 2021

The Equipment Leasing & Finance Foundation released its Q4/21 Equipment Leasing & Finance Industry Snapshot. In the snapshot, the ELFF projects a final growth rate of 5.3% for the U.S. economy this year while warning of fiscal policy uncertainty and concerns about high inflation. read more

FPG Adds Mallinger as SVP of Marketing

Financial Partners Group (FPG) added Kyle Mallinger as senior vice president of marketing. Mallinger has more than a decade of experience across all facets of marketing. He joined from Bottomline Technologies. read more

FNCC Makes Additional Payments to Employees as Part of ESOP Structure Conversion

First National Capital Corporation will make additional cash payments to its employees as a result of converting to an ESOP structure. The additional payments total $1,216,445 and are in addition to the original payments of $6,984,763, totaling more than $8.2 million overall. read more

Oakmont Capital Services Launches Broker Services Division, Hires Koltes and Renneker

Oakmont Capital Services added a broker services division and Missy Koltes, CLFP, joined the company as broker services specialist to co-lead the division with Jim Peach. In addition, Oakmont added Tabitha Renneker as a business development officer. read more

Magnotta Joins Utica Equipment Finance as Managing Director of Sales

Christina Magnotta joined Utica Equipment Finance as managing director of sales. Based in Connecticut, Magnotta will be responsible for sourcing and developing client and referral relationships throughout the United States. read more

FDIC Approves Merger of BancorpSouth and Cadence Bank

BancorpSouth Bank and Cadence Bancorporation, the parent company of Cadence Bank, received final FDIC approval to merge. The FDIC approval follows recent approvals from the Mississippi Department of Banking and Consumer Finance from shareholders. read more

Ritchie Bros. Adds Hook to Board of Directors

Lisa Hook, the former CEO of Neustar and Sunrocket, will join Ritchie Bros.’ board of directors on Nov. 1. read more

Voyager Aviation Holdings Leases 2 Airbus A330-200 Aircraft to Italia Trasporto Aereo

Voyager Aviation Holdings closed a transaction with Italia Trasporto Aereo (ITA), Italy’s new national airline and flag carrier, for the lease of two Airbus A330-200 aircraft. The aircraft are part of ITA’s initial fleet, which commenced operations on Oct. 15. read more

U.S. Bank Names Remington Chief Credit Officer

U.S. Bank named Troy Remington chief credit officer. Remington has been serving as interim chief credit officer since early August, when the bank’s former chief credit officer accepted a new leadership role within the company. read more

Hanmi Bank’s Equipment Finance Group Sets Company Records in Q3/21

Hanmi Bank’s equipment finance group set company records for monthly and quarterly funding in Q3/21. read more

Capital One Acquires TripleTree

Capital One entered into a definitive agreement to acquire TripleTree, an investment banking advisory platform serving healthcare companies. TripleTree will join Capital One Commercial Bank’s capital markets group. read more

Hyliion Hires Duraiswamy as VP of Engineering

Shiva Duraiswamy joined Hyliion, a provider of electrified powertrain solutions for Class 8 semi-trucks, as vice president of engineering. Duraiswamy joined Hyliion from Wabtec Corporation — formerly GE Transportation — where he served as director of engineering. read more

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