News

One80 Intermediaries Acquires instaCOVER to Further Expand

One80 Intermediaries, a specialty insurance broker headquartered in Boston, acquired instaCOVER, an independent insurance agency and technology platform specializing in point-of-sale insurance coverage for commercial equipment and other markets. read more

The Washington Trust Company Expands Commercial Lending Office in Connecticut

The Washington Trust Company, a financial service company, expanded its Connecticut presence with the opening of a commercial lending office adjacent to its Washington Trust Wealth Management office. read more

KBRA Assigns Preliminary Ratings to Kapitus’ Fifth Securitization

Kroll Bond Rating Agency assigned preliminary ratings to four classes of notes issued by Kapitus Asset Securitization II LLC, Series 2022-3. This transaction is the fifth securitization for Kapitus, formerly known as Strategic Funding Source. read more

b1BANK Names Vascocu Chief Administrative Officer

Business First Bancshares and b1BANK hired Jerome “Jerry” Vascocu Jr. as chief administrative officer. Vascocu will be the first chief administrative officer for the bank. He brings more than 27 years of banking experience. read more

Moritt Hock & Hamroff Partners with Fordham University for NIL Matters

Moritt Hock & Hamroff LLP partnered with Fordham University to advise it with name, image and likeness (NIL) matters for its student-athletes. Dan Lust of Moritt Hock & Hamroff LLP heads the sports law practice group at the company. read more

Ryder System Ranked in FreightWaves FreightTech 25 Awards

Ryder System ranked among the top 25 most innovative and disruptive companies in the freight technology space at the annual FreightWaves FreightTech 25 Awards, which were announced during the F3: Future of Freight Festival. read more

US DOT Approves Increase to Global Crossing Airlines’ Fleet

The U.S. Department of Transportation authorized Global Crossing Airlines Group to increase its fleet size to 11 aircraft from its previous authorization of eight aircraft. read more

October U.S. Trailer Orders Up 83% M/M, 171% Y/Y

According to ACT Research, October net U.S. trailer orders of 47,860 units were 83% higher compared to September, up 57% on a seasonally-adjusted basis and 171% above last year's October level. read more

Equipment Finance New Business Volume Rises 6% Y/Y in October

According to Equipment Leasing and Finance Association’s Monthly Leasing and Finance Index (MLFI-25), new business volume in the equipment finance industry for October was $11.3 billion, up 6% year-over-year from new business volume in October 2021. read more

Verdant Commercial Capital Completes First On-Bill Repayment Project for GoGreen Business

Verdant Commercial Capital completed the first ever on-bill repayment agreement for California’s GoGreen Business Energy Financing program. read more

ATSG Names Chase as CCO, Berger Transitions to Chief Strategy Officer Effective Dec. 5

Air Transport Services Group (ATSG) named Paul Chase, an experienced air cargo industry executive, to succeed Mike Berger as chief commercial officer. Berger will transition to chief strategy officer, effective Dec. 5. Chase will report to Rich Corrado, president and CEO of ATSG. read more

Johnson Launches Consultation Company Consult Disrupt

Jesse Johnson, the founder of Equipment Finance Cares and vice president of sales and marketing at JDR Solutions, launched Consult Disrupt, a consulting organization formed to support equipment finance organizations with their day-to-day operations and technology related projects. read more

Liberty Commercial Finance Rebrands as Wingspire Equipment Finance

Liberty Commercial Finance rebranded as Wingspire Equipment Finance, adopted a new logo and redesigned its website as it integrates with parent company Wingspire Capital, which acquired Liberty earlier this year. read more

Mini Excavator Sales on the Rise, Excavator Large Unit Volumes Down

According to Ritchie Bros.’ recent November Market Trends Report, there has been a continued rise in popularity of compact earthmoving equipment, as U.S. excavator large unit volumes are down significantly in 2022, while mini excavator sales have been increasing. read more

PNC Asset Management Group Names Dizard Chief Investment Strategist

PNC Asset Management Group named Marc Dizard its chief investment strategist. Dizard, who has more than 15 years of experience, will oversee and drive the investment strategy and investment process vision for PNC Asset Management Group. read more

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