News

FNCB Bank Expands into Equipment Financing

FNCB Bank launched 1st Equipment Finance, a new equipment financing solution offered by the bank. Gary P. Cook will lead the new division as executive vice president and equipment sales officer. 1st Equipment Finance will be based in Exeter, PA. read more

KBRA Assigns Preliminary Ratings to GBX Leasing Securitization

Kroll Bond Rating Agency assigned preliminary ratings to a railcar securitization collateralized by a portfolio of 3,363 freight railcars and 1,126 tank railcars and issued by a special purpose entity and a wholly-owned subsidiary of GBX Leasing.   read more

Citizens Business Conditions Index Drops, Remains in Expansionary Territory in Q4/21

Citizens reported that its Citizens Business Conditions Index (CBCI) dropped to a mark of 54.4 for Q4/21, down from 57.8 at the end of September but still in expansionary territory. read more

Federal Reserve Approves Merger of Old National and First Midwest

The Federal Reserve approved the merger of equals transaction between Old National Bancorp and First Midwest Bancorp, following the approval the companies received last year from the Office of the Comptroller of the Currency and stockholders of both companies. read more

BMO and Regions Earn Top Score on HRC’s LGBTQ+ Workplace Equality Index

BMO Harris Bank and Regions Bank both earned a score of 100 on the Human Rights Campaign Foundation’s 2022 Corporate Equality Index (CEI), a national benchmarking survey and report measuring corporate policies and practices related to LGBTQ+ workplace equality. read more

Voyager Aviation Hires Ewing as CFO

Voyager Aviation Holdings, a privately-held aviation investment firm and commercial aircraft leasing company based in Ireland, hired Sean Ewing as its CFO. read more

Truist Sets Goal of Net Zero Greenhouse Gas Emissions by 2050

Truist plans to achieve net zero greenhouse gas (GHG) emissions by 2050, furthering the company's aspiration to support the transition to a low-carbon economy. read more

IDC Forecasts 14.8% Growth in Edge Computing Spending in 2022

Worldwide spending on edge computing is expected to reach $176 billion in 2022, an increase of 14.8% compared with 2021, according to the International Data Corporation.   read more

Clarus Capital Closes $25MM Lease Facility for Equipment Rental Operator

Clarus Capital completed a $25 million lease facility for a national equipment rental company. Matt Worman, whom Clarus Capital recently hired as head of direct originations, led the transaction.  read more

Solifi Collaborates with BlackBerry to Enhance Connected Vehicle Future

Solifi is collaborating with BlackBerry to integrate BlackBerry IVY into its open finance platform to drive innovative, high-impact finance use cases for original equipment manufacturers and automotive finance providers. read more

Boston Financial & Equity Closes $3MM Equipment Lease for Lithium-Ion Battery Manufacturer

Boston Financial & Equity closed a $3 million equipment lease line pari passu with a company focused on the lithium-ion battery manufacturing industry. read more

TopMark Funding Surpasses 2021 Revenue Goal by 19%

TopMark Funding, a funding destination for commercial vehicle dealerships and small to midsized fleets, exceeded its Q4/2021 revenue goal by 38% and finished ahead of its 2021 revenue goal by 19%.  read more

BlueCrest Launches Financial Services Offering

BlueCrest, a postal and parcel automation company, launched BlueCrest Financial Services, which will allow clients to finance equipment, software, accessories, services and maintenance by paying monthly payments.  read more

Banc of California Hires de Chalendar as Head of Media and Entertainment

Banc of California hired Guillaume de Chalendar for the new position of senior vice president and head of media and entertainment. In this position, de Chalendar will be responsible for the strategy and growth of Banc of California’s media and entertainment vertical. read more

Vmo Aircraft Leasing Completes Sale and Leaseback for A320 Aircraft with Cebu Pacific

Vmo Aircraft Leasing completed a sale and leaseback transaction for two Airbus A320-200 aircraft with Cebu Pacific, an airline in the Philippines. The aircraft were sold and leased back to the carrier prior to the end of 2021. read more

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