News

GATX-Subsidiary Trifleet Leasing Promotes Pol to Managing Director

Tank container leasing company Trifleet Leasing, a wholly-owned subsidiary of Chicago-based GATX, promoted Robin Pol to managing director. Pol most recently served as director of commercial, global accounts and strategy for the company. read more

Comerica Bank Names Maiden Group Manager of Business Banking in Southern Dallas

Comerica Bank named Tim Maiden senior vice president and group manager for its southern Dallas business banking team. Previously, Maiden was a senior vice president and director of market development for Simmons Bank. read more

AACFB Announces Scholarship Winners

The American Association of Commercial Finance Brokers announced the first place and runner-up recipients of the of the 2024 AACFB Scholarship. read more

United Rentals Completes Acquisition of Yak Access

Equipment rental company United Rentals completed its previously announced acquisition of Yak Access, Yak Mat and New South Access & Environmental Solutions from Platinum Equity for approximately $1.1 billion in cash. read more

Camden National Bank Promotes Raths to EVP of Commercial Banking

New England-based community bank Camden National Bank promoted Barbara Raths, who formerly served as director of treasury management and government banking, to executive vice president of commercial banking. read more

Regulatory Authorities Approve Merger of Wayne Savings Community Bank and Main Street Bank

The Federal Reserve Bank, the Federal Deposit Insurance Corporation, the Ohio Division of Financial Institutions and the West Virginia Board of Banking and Financial Institutions approved the merger of Wayne Savings Community Bank and Main Street Bank. read more

AerCap Delivers First of Four New Airbus A330neo Aircraft to Corsair

Aviation leasing company AerCap delivered the first of four new Airbus A330neo aircraft to a French long-haul airline Corsair, The remaining three aircraft are scheduled to deliver through 2024. read more

Horizon Bank Hires Post as Capital and Middle Markets Manager for Equipment Finance Division

Horizon Bank appointed Steve Post capital and middle markets manager for its equipment finance division. Post’s focus will be on lower middle-market and small-ticket opportunities in Horizon’s portfolio as well as its transactional buy/sell and direct middle-market origination businesses. read more

Patriot Capital Partners on Equipment Financing Program with Gilbarco Veeder-Root in Canada

Gilbarco Veeder-Root, a provider of fueling and convenience store equipment and technology, is now offering its Great Rates financing program for retail and commercial fueling products in Canada through Patriot Capital. read more

Stonepeak Completes Acquisition of Textainer

Stonepeak, an alternative investment firm specializing in infrastructure and real assets, completed its acquisition of intermodal container lessor Textainer. read more

First Capital Business Finance Launches Specialized Financing Programs for Semi Truck & Equipment Loans

Brokerage firm First Capital Business Finance launched a specialty financing program division for equipment and semi-truck loans as well as new commercial truck financing programs. read more

WSFS Bank Hires Former KeyBank Market President as Senior Middle-Market Team Leader

WSFS Bank, the primary subsidiary of WSFS Financial, hired Jamie Tranfalia as senior vice president and senior middle-market team leader. Prior to joining WSFS, Tranfalia was market president and middle-market team leader at KeyBank. read more

Used Class 8 Truck Retail Sales Stronger than Expected in February

According to preliminary data from ACT Research, Class 8 same dealer used truck retail sales volumes increased 15% month over month in February. read more

Unparalleled Equipment Finance Insights & Data Now Available as Part of Monitor’s Suite Platform

Monitor officially launched its new and improved website and enhanced content offerings for Suite, its premium content subscription platform, featuring an upgraded user experience and an expanded collection of equipment finance industry data and research. read more

PNC Names Thomas Head of Corporate & Institutional Banking

PNC Bank named Michael Thomas head of corporate & institutional banking (C&IB), effective immediately. Thomas will report to Michael P. Lyons, president of PNC Bank. Thomas is succeeding Lyons in the role after Lyons was appointed president of the bank in February. read more

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