News

U.S. Bank CFO Survey: Corporate Finance Leaders Tighten Belts Amid Uncertainty

U.S. corporate finance leaders have increased focus on cutting costs to prepare their firms for potential economic and geopolitical uncertainty, according to the fourth annual U.S. Bank CFO Insights Report. read more

SLR Equipment Finance Hires Slagle as SVP of Direct Sales

SLR Equipment Finance hired Douglas Slagle as senior vice president of direct sales. In his role, Slagle will help grow SLR Equipment Finance’s leasing and lending activities in California, Oregon, Washington, Idaho, Nevada, Arizona, Utah, Wyoming, Montana and Alaska. read more

Tamarack’s AI Product Suite Surpasses Milestone of 50K in Contracts and $5B in Assets Managed

Tamarack Technology reached a significant milestone with its Tamarack AI Product Suite. As of April 2024, the company's equipment finance customers are using its software-as-a-service products to manage more than 50,000 contracts with combined contract balance receivables of more than $5 billion. read more

Mitsubishi HC Capital America Reveals Key Factors Shaping Adoption of Robotics-as-a-Service

According to Mitsubishi HC Capital America, the top factors when considering adopting robotics-as-a-service include cost management, technical expertise, access to the latest technology, the ability to monetize RaaS contracts, flexibility, and bundling updates and support. read more

M&T Bank Partners with Sunstone Credit on Solar Financing Program for Businesses

Commercial solar loan platform Sunstone Credit is partnering with M&T Bank on a program to provide businesses access to solar financing. read more

Stradley Ronon Launches Office in Southern California, Cho to Lead

Law firm Stradley Ronon launched an office in Southern California, marking the firm’s ninth office and first on the West Coast. The office, which is located in Long Beach, CA, will be led by partner-in-charge Esther E. Cho, who previously served as chair of Keesal, Young & Logan’s executive committee. read more

b1BANK to Acquire Oakwood Bank for $85.7MM

Business First Bancshares, the holding company for b1BANK, entered into a definitive agreement to acquire Oakwood Bancshares and its wholly-owned bank subsidiary, Oakwood Bank, in an all-stock transaction for total consideration value of approximately $85.7 million. read more

Equipment Leasing & Finance Foundation Releases Q2/24 Industry Snapshot, Projects 2.3% Economic Growth

The Equipment Leasing & Finance Foundation released its Q2/24 Equipment Leasing & Finance Industry Snapshot, with the report predicting 2.3% economic growth in the U.S. in 2024, as well as a potentially consumer spending slowdown and sluggish global economic growth. read more

Wingspire Equipment Finance Provides $25MM in Equipment Leasing to Automotive Supplier

Wingspire Equipment Finance provided a $25 million equipment leasing commitment to a global automotive supplier to support its growth and capital expenditure initiatives. read more

Odessa Launches Auto Finance Platform

Odessa, a software and technology provider for the lending and leasing industry, launched an auto finance originations platform, the first part of Odessa Auto, an end-to-end auto finance suite. read more

Boston Financial & Equity Closes $600K Lease Transaction for Healthcare Technology Company

Boston Financial & Equity recently closed a lease for $600,000 for a healthcare technology service company that provides a service that monitors patients that have been released from a point of care. read more

ACT Research: Freight Outlook Brightening

Freight demand is nearing an upturn as growing goods spending, a turning inventory cycle and rising industrial production will add to freight demand this year, according to ACT Research, which projected that after a two-year downturn, the upturn is likely to being within the next few months. read more

Fleet Advantage’s Jones Earns NPTC’s Excellence in Membership Award

Katerina Jones, the chief marketing officer of Fleet Advantage, was honored with the National Private Truck Council’s Excellence in Membership Award at the organization’s 2024 annual conference and exhibition. read more

CDB Aviation Leases Additional 7 Aircraft to Turkish Airlines

CDB Aviation, a wholly-owned Irish subsidiary of China Development Bank Financial Leasing, signed new lease agreements for a fleet of an additional seven narrowbody and widebody aircraft with existing customer Turkish Airlines, the flag carrier of Türkiye. read more

IronTrax Shares Construction Industry Outlook, Sector Insights and Trends

IronTrax shared insights on the construction industry for Q1/24, focusing on several topics that pertain to the industry as a whole, including an industry outlook for 2024, the anticipated plunge in office real estate values, a surge in job openings, the record-high share price achieved by Caterpillar and a summary of trends in used equipment values. read more

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