News

GE Capital Vet to Lead New Lender Finance Team at People’s United

People's United Bank expanded its Commercial Specialty Business with the formation of a Lender Finance team. The team will be led by Patrick Lee, managing director, head of ABL Lender Finance. read more

Ellis Joins Crestmark as VP of Renewable Energy Division

Crestmark appointed Jon Ellis vice president, renewable energy. Based in North Carolina, he will report to Crestmark President Mick Goik. read more

Equipment Leasing & Finance Industry Confidence Eases in September

The ELFF released the September 2019 Monthly Confidence Index for the Equipment Finance Industry. Overall, confidence in the equipment finance market is 54.7, a decrease from the August index of 58.9. read more

CIT Names Bagatelle Eastern Head of Relationship Commercial Banking

David S. Bagatelle joined CIT Group as a managing director and will lead the relationship commercial banking activity in the Eastern region. read more

Deloitte: Lease Accounting Implementation Still Incomplete at Most Companies

Just 26.3% of public company executives report that their implementation of the FASB and IASB lease accounting standards is complete, according to a June 2019 Deloitte poll. read more

Three Account Managers Join Milestone MW&S Business

Transportation equipment lessor Milestone Equipment Holdings hired three new national account managers for its Mobile Warehousing and Storage trailer solution. read more

Brett Boehm of TBF Financial to Speak at LEND360

Brett Boehm, CEO of TBF Financial, will discuss ways lenders are selling their commercial debt to maximize return on non-performing accounts as part of a panel session at LEND360 in Dallas. read more

Banleaco Hires Kallhoff as Director of Sales and Marketing

Andrea Kallhoff joined Banleaco Equipment Finance as the new director of Sales and Marketing. read more

ApplePie Capital Partners with LSQ Funding on A/R Franchise Financing

Online lender and franchise specialist ApplePie Capital entered into a new strategic partnership with LSQ Funding Group, a fintech provider of accounts receivable financing. read more

Stonebriar to Purchase 3,000 Railcars from Greenbrier

Stonebriar Commercial Finance entered into an agreement with The Greenbrier Companies to purchase 3,000 new railcars. read more

ELFA Releases SME Equipment Finance Compensation Report

The Equipment Leasing and Finance Association released a report detailing compensation practices at small and medium-sized equipment leasing and finance companies. read more

Wells Fargo Taps Kerrins as New CIO of Enterprise Functions Tech

Tracy Kerrins joined Wells Fargo as its new chief information officer of Enterprise Functions Technology. Kerrins will report to Saul Van Beurden, head of Technology and be based in Charlotte, NC. read more

Ritchie Bros. Creates PriorityBid Feature for Live Auctions

As part of its efforts to make buying equipment easier, Ritchie Bros. has created PriorityBid, which will allow buyers to make proxy bids online for items in its live auctions up to a week before the sale. read more

Axiom Bank Hires Johanning as VP/Consumer Loan Program Manager

Axiom Bank welcomed aboard Lisa Johanning as vice, president, Consumer Loan Program manager. read more

Crossroads Launches Outreach Campaign on CA ARB Registration Ban

Crossroads Equipment Lease & Finance has launched a campaign to help educate and assist fleet operators in understanding California’s new emissions standards and restrictions. read more

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Terry Mulreany
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