News

Encina Equipment Finance Adds Elsass as MD/BDO for Midwest

Encina Equipment Finance added Ryan Elsass as managing director of Business Development for the Midwest. read more

ELFA Announces Top 10 Equipment Acquisition Trends for 2020

The Equipment Leasing and Finance Association revealed its Top 10 Equipment Acquisition Trends for 2020. read more

Customers Bancorp Names COO, Promotes Three

Customers Bank promoted three senior executive promotions and recruited a vice chairman and chief operating officer. read more

WSJ: Shadow Banks Leading Cross-Border Credit Growth

The Wall Street Journal reported that nonbank financial institutions have been taking the lead in cross-border credit, with their share of activity up 17% year over year. read more

Crestmark Provides More Than $54.7MM in Financing in H1 January

Crestmark Equipment Finance provided $20.7 million in 10 new lease transactions in the first half of January. read more

ACT For-Hire Trucking Index: Rates Slip Amid Strong Holiday Freight

The latest release of ACT’s For-Hire Trucking Index showed improvement in for-hire freight volumes and utilization, with 55.5 and 52.3 respective diffusion index readings, both up four points from November. read more

Maxim Commercial Capital Funded 664 Transactions in 2019

Maxim Commercial Capital finished 2019 with the busiest December in the company’s 11-year history and funded 664 loans to small and mid-sized businesses during the year. read more

Penske Truck Leasing Builds Facility in DeForest, WI

Penske Truck Leasing opened a new facility in DeForest, WI offering consumer and commercial truck rental in addition to full-service truck leasing and contract truck fleet maintenance. read more

ELFA Mourns the Passing of Former Chair Bob Stubbs

Industry icon and former ELFA Chair Bob Stubbs passed away on January 18, 2020 at home in New Jersey. read more

CIT Leads Financing for Clearway Solar Energy Portfolio

CIT Group’s Power and Energy unit arranged approximately $200 million in financing for a 76-megawatt portfolio of community solar projects in four states. read more

Signature Bank 2019 Net Income Up 16.5%, Loans Up 7.4% Y/Y

Signature Bank reported 2019 net income was $588.9 million, up 16.5% year over year. Loans increased $2.69 billion, or 7.4%, from year-end 2018. read more

First National Capital Announces Record Q4 Fundings

First National Capital, a full-service commercial equipment and aviation finance provider, announced record Q4 funding’s of $120 million and $258.5 million for fiscal year 2019. read more

Wintrust Reports Record Net Income of $355.7MM in 2019

Wintrust Financial announced record net income of $355.7 million for the year ended December 31, 2019 compared to net income of $343.2 million for the same period of 2018. read more

ACT: 2019 U.S. Trailer Net Orders Down 51% Y/Y

New U.S. trailer orders of 18,400 were down 13% month over month in December, and after accounting for cancellations, net orders of 17,700 dropped 11%. read more

CIT Named a Best Place to Work for LGBTQ Equality

CIT received a 100% score on the Human Rights Campaign Foundation's 2020 Corporate Equality Index, a benchmarking survey and report measuring corporate policies and practices related to LGBTQ workplace equality. read more

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