News

ELFF Industry Future Council Report Explores Strategies for Innovation

Embracing innovation and incorporating it into the day-to-day agenda represents a new way of doing business. However, today’s cutting-edge differentiator has only a seat at the table tomorrow, according to the new ELFF 2019 Industry Future Council report. read more

CIT Finances Macquarie Renewable Power Battery Storage Project

CIT Group completed a third round of financing for an innovative battery-based energy storage project that helps facilitate greater use of renewable energy in Southern California. read more

Fintech Specialty Lender Yalber Receives $20MM Facility from Park Cities

Fintech pioneer Yalber received a new $20 million credit facility from Park Cities Asset Management, an alternative credit manager focused on private lending across the specialty finance and FinTech sectors. read more

TAB Bank Provides $2MM ABL Facility to Transportation Company

TAB Bank provided a $2 million asset-based revolving credit facility to a transportation company based in Utah. read more

Bennett Joins Ritchie Bros. to Lead Leake Auction Subsidiary

Gary Bennett will rejoin Ritchie Bros. subsidiary Leake Auction Company as general manager, New Ventures & Sectors (Collector Cars) for Ritchie Bros. He will be based in Tulsa, OK. read more

GE Capital Vet Rex Joins Encina Equipment Finance as Managing Director

Wren Rex joined Encina Equipment Finance as managing director of Business Development for the Northeast Region. She will be based in Westport, CT and report to Rick Matte, president and chief commercial officer. read more

CLFP Foundation Adds 12 New CLFPs

The Certified Lease & Finance Professional Foundation added 12 new members who sat through the 8-hour online CLFP exam during the months of February and March 2019 and passed. read more

Chinese CV Truck Market Softening Amid Environmental Concerns

While not impacting each commercial vehicle segment every year, structural changes within China’s CV market are expected to exert downward pressure through 2022, according to the most recent China Commercial Vehicle OUTLOOK from ACT Research. read more

HomeStreet Bank Hires Business Lending Team from Silvergate Bank Branch

HomeStreet Bank completed its purchase of the San Marcos, CA deposit branch of Silvergate Bank, including certain related commercial loans. It also hired the branch’s business lending team. read more

Neiman Marcus Announces TSA; Marble Ridge Eyes Agreement with Skepticism

Neiman Marcus Group reached a transaction support agreement with lenders representing more than 55% of the company’s term loan and holders of more than 60% of its unsecured notes. read more

Antares: Resilient Optimism in U.S. Economy Drives Continued Investment

Antares Capital released the results of its third annual market outlook survey, Antares Compass. Despite the rocky end for markets in 2018, confidence among middle market participants appears to be holding up well in 2019. read more

CDB Aviation Delivers Airbus A330-200 to Wamos Air

CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing, delivered the first of two Airbus A330-200 aircraft to Spain’s third-leading, long-haul airline Wamos Air. read more

J.D. Power: Alternative Lenders Satisfy Customers with Quick Approvals

Record levels of credit card debt, rising interest rates and a proliferation of alternative lenders are making personal loans the fastest-growing category of consumer debt products, according to the J.D. Power 2019 Personal Loan Satisfaction Study. read more

Fifth Third Bancorp Completes Merger with MB Financial

Fifth Third Bancorp completed its acquisition of MB Financial. Primary systems and client conversion is expected to occur in early May 2019. read more

ELFA: February 2019 New Business Volume Down 24% Y/Y

The ELFA Monthly Leasing and Finance Index showed overall new business volume for February was $5.9 billion, down 24% year-over-year from new business volume in February 2018. Volume was down 18% month-to-month from $7.2 billion in January. read more

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