News

FSI Elects 2019 Board & Executive Committee Members

The Financial Services Institute elected six new directors for its board for 2019: Denise Barrows, Carolyn Clancy, Jim Crowley, Chris Flint, Steve Horn, and Chris Perry. read more

Air Lease Delivers New Airbus A321-200neo to Vietnam Airlines

Air Lease delivered one new Airbus A321-200neo aircraft to Vietnam Airlines, the first of 12 new A321-200neos scheduled for delivery to the ailine through 2019 from ALC’s order book with Airbus. read more

North Star Leasing Hires Three New Members for Growing Team

Equipment finance provider North Star Leasing hired Joe Bannick as senior business development manager, Justin Ward as a business development specialist and Bobbie Sauter as a marketing specialist. read more

Capital One ULTra Closes $1B+ in Unitranche Commitments in 2018

Capital One’s unitranche loan program, ULTra, closed approximately $1.1 billion in commitments to borrowers in the healthcare and services industries in 2018. read more

Miller Joins Liberty Commercial Finance as VP of Marketing

Jill Miller joined equipment financing provider Liberty Commercial Finance as vice president of Marketing. She will be responsible for leading the company’s strategic direct and digital marketing initiatives. read more

ACT: Natural Gas Truck Retail Sales Down 23% YTD in November 2018

U.S. and Canadian Natural Gas Class 8 truck retail sales rose 13% in 2017, but shed 23% year-to-date through November 2018, according to the recent Alternative Fuels Quarterly report released by ACT Research. read more

The Bancorp Adds Three Account Execs in North Carolina, Florida

The Bancorp added three new account executives to its Commercial Fleet Leasing team: Eric Beyer, Missy Maylott and Sean Wilson. read more

Credit Agricole, Others Finance $208.4MM Facility for Eagle Bulk

Eagle Bulk Ultraco, a wholly owned subsidiary of Eagle Bulk Shipping, closed on a new five-year senior secured facility totaling $208.4 million. Financing participants on the facility included ABN AMRO and Credit Agricole CIB. read more

BDC Provides Mezzanine Financing to Support Hayabusa

BDC Capital’s Growth and Transition Capital division provided mezzanine funding to Hayabusa, a designer and manufacturer of high-quality equipment and apparel for boxing, jiu-jitsu, Muay Thai and other combat sports. read more

Trailcon Leasing Opens New Facility in Edmonton, Alberta

Trailer and intermodal equipment renter and lessor Trailcon Leasing opened a new facility in Edmonton, Alberta the second week of January. read more

Chemical Financial and TCF Financial to Merge

Chemical Financial and TCF Financial signed a definitive agreement under which TCF will merge into Chemical in an all-stock merger of equals transaction. The combined company will operate under the TCF name. read more

U.S. Trailer Orders Close Up 35%, Setting Annual Record in 2018

U.S. trailer order volume slid sequentially for the third month in a row, but the industry still posted nearly 28,000 net orders in December, according to the ACT Research State of the Industry: U.S. Trailer Report. read more

Avidbank More Than Doubles Net Income for Q4/2018

Avidbank reported an unaudited consolidated net income of $3.481 million for the fourth quarter of 2018 compared to $1.009 million for the same period in 2017, a 240% increase year-over-year. read more

Wells Fargo Launches Recovery and Rebuilding Effort in Paradise, CA

Wells Fargo will provide an additional $3.25 million in financial resources to residents and organizations in Butte County, CA, to address challenges that remain after the 2018 wildfires. Funding will include loan capital earmarked for infrastructure, staff, inventory, equipment and other assistance. read more

ACT Research: Used Truck Prices Rise 10% in 2018

The average price of total used Class 8 trucks sold in 2018 was up 10% compared to 2017, according to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research. read more

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Terry Mulreany
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