Equity Bank Hires Sems as President

Equity Bancshares, the Wichita, KS-based holding company of Equity Bank, hired Richard M. Sems as president of Equity Bank. Craig Anderson, who has served as the bank’s president since 2021, resigned. read more

Federal Reserve Boosts Rates for 10th Time Since March 2022

The Federal Reserve announced that it will raise the target range for the federal funds rate to between 5% and 5.25% on Wednesday, marking a quarter point increase and its third such move of 2023 and 10th since it began its efforts to curb rising inflation last March. read more

DLL’s Portfolio Balance Grew by 8.5% in 2022

DLL recorded net profits of €343 million ($361 million) for 2022, which represented a 41% decrease from 2021, largely due to the sale of the company’s Russian operations. However, the company also recorded portfolio growth of 8.5% in 2022. read more

Accord Financial Expands US Business Development Team

Accord Financial named Ira Almond director of business development for U.S. asset-based finance in the Southeast, and Sahil Sharma the director of business development for U.S. equipment finance in the Northeast, expanding its U.S. business development team. read more

Crossroads Equipment Lease and Finance Appoints Walsh CFO

Crossroads Equipment Lease and Finance appointed Andrew Walsh CFO of its leadership team. Most recently, Walsh served as senior vice president and CFO with OneUnited Bank. read more

TD Bank and First Horizon Mutually Agree to Terminate Merger Agreement

TD Bank and First Horizon entered into a mutual agreement to terminate their previously announced merger agreement, originally announced on Feb. 28, 2022. read more

Dext Capital Closes Corporate Note Issuance

Dext Capital, a healthcare equipment leasing company, recently closed an investment-grade corporate note issuance. Proceeds from the BBB rated transaction will support continued growth and expansion initiatives for the business, primarily by funding new originations. read more

Smarter Equipment Implements Leasepath’s Cloud-First CRM Platform

Smarter Equipment Finance, a Las Vegas equipment broker, adopted Leasepath’s cloud-first intelligent workplace finance origination and customer engagement (CRM) platform built for asset finance, to streamline its origination process and automate its sales-to-funding process. read more

SLR Equipment Finance Names Luke VP of Syndication

SLR Equipment Finance named Michael Luke vice president of syndication. In his role, Luke will help grow the company’s new and existing relationships within the marketplace. Luke was most recently with Signature Financial. read more

Roger Morin, Former RVI Group SVP, Passes Away

Roger Morin, who retired from RVI Group in December after nearly 20 years with the firm, passed away on April 27. Morin joined RVI Group in 2003 as vice president of commercial equipment and aircraft and was promoted to senior vice president in 2018. Prior to that, he spent 14 years at GE Capital. read more

TopMark Funding Experiences 22% Y/Y Increase in Funded Transactions in Q1/23

TopMark Funding set its all-time record for funded transactions in March, contributing to a 22% increase in funded transactions in Q1/23 compared with Q1/22. The company also opened a second Long Beach, CA, office. read more

NEFA to Host Regional Event in Philadelphia on May 11

The National Equipment Finance Association will host a regional event on May 11 from 6-8 p.m. EDT in Philadelphia in the Basket Room at El Techo. The event is sponsored by Quality Equipment Finance and BankFinancial Equipment Finance. read more

XS Financial Provides $7.5MM CAPEX Lease Facility to Northeast Alternatives

XS Financial entered into an agreement to provide a $7.5 million CAPEX lease facility to Northeast Alternatives, a vertically integrated cannabis company that operates in Massachusetts and Michigan. read more

Subchapter V Bankruptcy Filings Increase 81% Y/Y in April, Total Chapter 11s Up 32%

Small business bankruptcy filings, captured as Subchapter V elections within Chapter 11, increased 81% year over year in April, according to Epiq Bankruptcy. All Chapter 11 filings increased 32% year over year in April. read more

AerCap Signs Lease Agreement with LIFT for Airbus A320 Aircraft

AerCap signed a lease agreement with LIFT for an Airbus A320-200 aircraft. AerCap delivered the Airbus A320 to South Africa where it is due to enter service in May and operate across LIFT’s network. read more

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