News

IDS Experiences Increased Demand in October; Executes Five Go-Lives

Demand for IDS’ InfoLease 10 portfolio management software platform increased in October, with the addition of new customer IBERIABANK and four additional go-lives. read more

IBERIABANK Corporate Asset Finance Selects InfoLease 10 from IDS

International Decision Systems announced that IBERIA Corporate Asset Finance selected InfoLease 10 to power its newly-launched equipment finance and leasing business. read more

GATX Q3 Earnings Reflect “Challenging Conditions”

GATX reported Q3/17 net income of $49.0 million compared to net income of $95.7 million in Q3/16. CEO Brian Kenney said, “Challenging conditions continue in the NA railcar leasing market." read more

Signature Bank Back on Track after Taxi Medallion Episode

Signature Bank reported Q3/17 net income was $124.5 million versus $76.1 million in the same 2016 quarter, which included $61.7 million of provision expense for the Chicago taxi medallion portfolio. read more

U.S. Bank Launches New Barometer for Shipping Industry

Based on U.S. Bank’s newly launched Freight Payment Index, there was an 8.3% jump in the U.S. Bank National Spend Index, the largest quarterly gain since Q4/14. read more

KeyCorp Reports Q3/17 Lease Finance, C&I & Operating Lease Growth

KeyCorp reported commercial lease finance average balance and operating lease asset growth in Q3/17. Key also noted C&I loan yields of 3.97% in Q3/17 were up 59 basis points from 3.38% a year earlier. read more

Daimler Group Considers Divisional Restructuring

Daimler may create three legal independent entities, separating Mercedes-Benz Cars & Vans from Daimler Trucks & Buses in addition to existing independent division Financial Services. read more

CLFP Foundation Adds 22 to Ranks, Nears 500 Certified

The Certified Lease & Finance Professional Foundation announced that 22 individuals who sat for the eight-hour web-based exam have passed. read more

Snap-On Reports Double-Digit Y/Y Increase in Finance Receivables

Snap-On reported finance receivables at the end of Q3/17 of $1,524.4 million, up 10.9% from $1,374.2 million at the end of the same period in 2016. Q3/17 originations of $271.8 million were up from 2016 levels. read more

Strong North America Class 8 Production Impacts Backlog, Build Rate

According to ACT Research, despite the previously reported improvement in September’s heavy duty orders, even stronger production during the month weighed on backlogs, which contracted for a fifth consecutive month. read more

Peapack Capital Names Rich Johnston SVP, Indirect Originations

Peapack-Gladstone announced the appointment of Rich Johnston, senior vice president, Capital Markets, Peapack Capital. Johnston will be responsible for indirect originations of leasing and asset finance transactions. read more

Equipment Leasing Industry Confidence Remains Steady in October

According to the Equipment Leasing & Finance Foundation’s monthly index, confidence in the equipment finance market is 63.7 in October, unchanged from the September index. read more

Harvard Partners Announces Investment Interests in Commercial Finance

Harvard Partners is seeking to invest in, or purchase, small innovative U.S.-based commercial finance firms. read more

Wintrust Commercial Finance Adds Nemeth to Asset Management Department

Riley Nemeth joined Wintrust Commercial Finance’s asset management department as vice president. Nemeth previously worked for United Leasing and Ritchie Bros. read more

Fleet Advantage Data Shows Operating Cost Savings for Private Fleets

Analysis from Fleet Advantage illustrates a missed opportunity for cost savings when comparing a seven-year ownership of one truck to a four-year ownership and a four-year lease of two consecutive trucks. read more

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