News

VAR Technology Finance Acquired by People’s United, Will Become LEAF Division

People's United Bank acquired VAR Technology Finance, a private, independent leasing and finance company that supports equipment sales through its financing programs within the technology channel. read more

ENGS Commercial Capital Adds Julius as SVP, Business Development Manager

ENGS Commercial Capital hired Lorraine Julius as senior vice president, business development manager, responsible for new business origination and other business development objectives in the Western U.S. read more

CDB Aviation Reports Record Growth in 2018, 107 Aircraft Transactions

CDB Aviation announced a record year for 2018, in which the company executed transactions involving 107 aircraft. read more

Onset Financial Moves to New Campus with Fintech Feel to Accommodate Growth

Nearly two years after breaking ground, Onset Financial’s campus is complete. Employees will start 2019 in an all-new state-of-the-art 55,000 square foot office space and campus. read more

Quickbridge 2019 Small Business Outlook Survey Shows High Optimism

A survey by QuickBridge showed that 83% of business owners expect their business sales to increase over the next year. read more

LeaseAccelerator and Armanino Launch Joint Lease Accounting Solution

LeaseAccelerator, the pioneer in the Enterprise Lease Accounting software market, announced that Armanino joined its global alliance program. read more

First Midwest Completes Acquisition of Northern Oak Wealth Management

First Midwest Bancorp completed its acquisition of Northern Oak Wealth Management, a Milwaukee-based registered investment adviser with approximately $800 million of assets under management. read more

U.S. Cutting Tool Consumption Up 13.2% in November

November 2018 U.S. cutting tool consumption totaled $209.42 million, down 6.3% from October’s $223.46 million and up 13.2% when compared with the $184.97 million reported for November 2017. read more

MUFG Union Bank to Acquire Supply Chain Finance Platform from GE Capital

MUFG Americas Holdings and GE Capital announced the signing of an agreement where MUFG Union Bank, a subsidiary of MUAH, will acquire trade payable services, a supply chain finance platform, from GE Capital. Terms of the transaction were not disclosed. read more

Equipment Finance Industry Confidence Eases Further in January

Confidence in the equipment finance market eased further in January to 53.4, a decrease from the December index of 55.5, according to the latest Monthly Confidence Index from the Equipment Leasing & Finance Foundation. read more

Signature 2018 Earnings Up 30.5% Y/Y

Signature Bank reported 2018 net income of $505.3 million, up from $387.2 million in 2017, an increase of $118.1 million, or 30.5%. read more

ACT Research: Industry Sets All-Time Annual Net Order Record in 2018

ACT Research’s preliminary estimate for December 2018 net trailer orders is 27,800 units. The industry set an all-time record for annual net orders in 2018. read more

White Oak Global Advisors Surpasses $2.5B of Loan Originations

White Oak Global Advisors funded more than $2.5 billion in loans in 2018. read more

PNC 2018 Earnings Flat Y/Y, Q4/18 Revenue Down $17MM

PNC reported full year 2018 net income of $5.346 billion, down slightly from $5.388 billion in 2017. Total revenue for the fourth quarter of $4.3 billion declined $17 million. read more

Wells 2018 Revenue Down Slightly While Earnings Hold Steady

Wells Fargo reported net income of $22.4 billion in 2018, compared with $22.2 billion in 2017. Revenue of $86.4 billion was down from $88.4 billion year over year. read more

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