News

Equipment Leasing & Finance Foundation Announces Scholarship Award Winners

The Equipment Leasing & Finance Foundation announced the five student recipients of The Equipment Leasing & Finance Foundation Scholarship. Each student will receive a scholarship of $5,000 for the 2023-2024 academic year. read more

Citizens Appoints deTray Head of Citizens Private Bank

Citizens Financial Group appointed Susan deTray head of Citizens Private Bank. In this new role, she will lead the bank’s private banking growth strategy and partner across the enterprise to propel growth in wealth management, business banking and commercial banking. read more

Blank Rome Assembles Team of Attorneys to Open Dallas Office

Blank Rome opened a new office in Dallas, marking the firm’s 15th office overall and second in Texas. To open the new office, Blank Rome added seven attorneys with experience in the corporate, real estate and finance realms. read more

First Citizens Bank Provides $1MM LOC to The Georgia Hemp Company

First Citizens Bank’s hemp business provided a $1 million working capital line of credit to RYJO, the parent entity of The Georgia Hemp Company, to help finance a new promotional initiative. read more

Five Star Bank Promotes Bader to Chief Information Security Officer

Five Star Bank promoted Scott Bader to senior vice president and chief information security officer. In his role, Bader will be responsible for the execution and evolution of the bank’s information and cybersecurity program. read more

Lion Electric Opens Manufacturing Facility for All-Electric Commercial Vehicles

The Lion Electric Company opened a 900,000 square foot facility in Joliet, IL, that will serve as a U.S. plant dedicated to all-electric medium and heavy-duty commercial vehicle production. According to the company, the facility is the largest of its kind.  read more

KLC Financial Adds Trio of Professionals

KLC Financial hired Jacob Fahl as director of capital markets, Bruce Volk as a business development professional and Kayla Harper as a documentation specialist. read more

ELFA’s Engage App Reaches New Milestone of 2K Users

The Equipment Leasing and Finance Association’s Engage app — a mobile hub for events, news and networking in the equipment finance community — has reached a new milestone of 2,000 users. read more

Spark-Binder Capital Closes $12MM Credit Facility for Midstream Energy Company

Spark-Binder Capital closed a $12 million credit facility for a company in the midstream energy sector. read more

Coastal States Bank Expands Commercial Banking Team in Atlanta

Coastal States Bank added four new bankers to its commercial banking team in the Atlanta region, with Paul Black II, Leslie Hammond, Kelly Maxwell and Alan Patterson joining the bank’s team in Cobb County, GA. read more

First Citizens Provides $40MM in Financing for Florida Apartment Complex Development

First Citizens Bank’s real estate finance group, part of the CIT division, provided $40 million in construction financing to a joint venture between Grandview Partners and Crosland Southeast for the development of Evelyn City Lofts apartments in Tampa, FL. read more

Berkshire Bank Names Coughlin, SVP of Private Banking 

David J. Coughlin, an experienced private and commercial banking professional, joined Berkshire Bank’s private banking team as a senior vice president of private banking for the Boston market.   read more

United Rentals Appoints Collins VP and Treasurer

United Rentals appointed Sybil Collins vice president and treasurer. Prior to joining United Rentals, Collins spent 16 years at Morgan Stanley, most recently as managing director and global head of treasury planning and strategy. read more

Seasonally Weak Orders, Recovering Supply Chains Enable Elevated Class 8 Production in June

According to ACT Research’s latest State of the Industry: NA Classes 5-8 report, June’s Class 8 backlog decline met expectations, as seasonally weak orders ran headlong into strong production. read more

CSI Leasing Subsidiary EPC Global Solutions Names Hodgkins Manager of European Operations

EPC Global Solutions, a provider of IT asset disposition services and a wholly-owned subsidiary of CSI Leasing, promoted Chris Hodgkins to manager of EPC Europe. Previously serving as EPC Europe’s compliance manager, Hodgkins will now oversee all operations for EPC throughout the region. read more

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