News

Bridgewater Bank Launches Equipment Finance Division

Twin Cities-based Bridgewater Bank has launched its newest division, Bridgewater Equipment Finance. read more

NFS Leasing Launches New Website, Showcases Story Lending

Equipment financier NFS Leasing launched a redesigned website which showcases the strength of NFS Leasing as the story lender, as well as their many customer stories and community support. read more

LeaseQuery Receives $40MM Investment from Goldman Sachs

Goldman Sachs’ Merchant Banking Division invested $40 million in Series A funding in lease accounting software provider LeaseQuery. read more

ACT Research: TL Contract Rates Turn Lower with More to Go

Based on ACT Research’s For-Hire TL Carrier Database, TL contract rates fell to $2.28 per mile in Q3, down 2% y/y, following a 3% increase in Q2. read more

TD Bank Ranks No. 1 in SBA Lending Along East Coast

TD Bank took the top spot for the third consecutive year in total number of approved loan units in its Maine-to-Florida footprint in the SBA's top two lending products: 7(a) and 504 loans. read more

Air Lease to Sell Portfolio of 19 Aircraft to Thunderbolt III

Air Lease Corporation initiated the sale of a portfolio of 19 aircraft to Thunderbolt III Aircraft Lease, a newly formed entity which has now completed its equity and debt financing transactions. read more

UMB Provides Financing Facilities to Midwest Quality Gloves, TJ Hale

UMB Capital Finance, through Marquette Business Credit, recently closed two asset-based credit facilities for Midwest Quality Gloves and TJ Hale Company. read more

Stonebriar Closes $685MM Securitization Transaction

Independent commercial finance company Stonebriar Commercial Finance closed its sixth commercial equipment asset-backed securitization, SCFET 2019-2, a $685 million ABS issuance. read more

BB&T, SunTrust Win Merger Approval from US Antitrust Authorities

According to multiple outlets, BB&T and SunTrust Banks have won U.S. antitrust approval from the Department of Justice for their previously announced merger. read more

Ritchie Bros. Reports 9% Increase in Net Income in Q3/19

Ritchie Bros. Auctioneers reported $25.3 million in net income attributable to stockholders for the third quarter of 2019, an increase of 9%. read more

Dext Capital Inks Partnership with Aquarius Surgical

Aquarius Surgical Technologies, the exclusive provider of a disruptive surgical laser system in the field of urology, has forged a strategic partnership with independent lessor Dext Capital. read more

Air Lease Sees $1.5B in Revenue YTD

Air Lease Corporation reported its financial results for the year-to-date and the third quarter of 2019, including quarterly revenue of $531 million, an increase of 17.8% read more

HSBC, RBS to Launch New App-Based Platforms

According to Reuters, HSBC and RBS plan to launch new app-based, digital banking platforms in the coming months. read more

ATB Financial Acquires Tech Assets of Grow Technologies

ATB Financial acquired the technology assets of Grow Technologies. The majority of Grow’s team will transfer over to ATB with the merger. read more

Daley Joins Wells Fargo as Vice Chairman of Public Affairs

Wells Fargo named William M. Daley vice chairman of Public Affairs. Daley will serve on the Operating Committee and report directly to CEO Charles Scharf. read more

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Terry Mulreany
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