The Equipment Leasing & Finance Foundation released its Q3/23 Equipment Leasing & Finance Industry Snapshot. The foundation projected that the U.S. economy will grow by 1.6% in 2023 but continues to expect a recession to begin before the end of the year. read more

JUL 27, 2023 - 6:55 am

DBRS Morningstar upgraded Stonebriar Finance Holdings’ and its related entities’ long-term issuer and senior debt ratings from BBB (low) to BBB supported, in part, due to Stonebriar’s resilient earnings capacity and strong credit and asset performance since inception. read more

JUL 27, 2023 - 6:50 am

As a result of an ownership change in April, Mitsui Rail Capital rebranded as Modern Rail Capital. Along with the name change, the Chicago-based railcar lessor has a new logo, color scheme and website. read more

JUL 27, 2023 - 6:45 am

The National Equipment Finance Association's education committee presented the first module of the NEFA Masterclass Series: Credit on July 19. The module was presented by Bob Rinaldi, CLFP, president of Rinaldi Advisory Services, and had nearly 200 registrants. read more

JUL 27, 2023 - 6:42 am

First Citizens Bank’s healthcare finance group, part of the CIT division, provided $20.5 million toward the acquisition of the Forsyth Physicians Center. The borrower is a joint venture led by Anchor Health Properties. read more

JUL 27, 2023 - 6:40 am

A new survey from Grant Thornton revealed that CFO are focused on two areas that could lead to revenue gains: building and preserving their workforces and investing in technology that delivers efficiency and revenue gains. read more

JUL 27, 2023 - 6:35 am

Liventus, a business solutions technology company specializing in fintech and equipment finance technology application and automation solutions, launched LivByte, a podcast series that will discuss software development and other technology industry-related topics. read more

JUL 27, 2023 - 6:30 am

The Equipment Leasing and Finance Association’s Monthly Leasing and Finance Index (MLFI-25) showed overall new business volume for June was $10.9 billion, up 6% year over year from new business volume in June 2022 and up 15% from $9.5 billion in May. read more

JUL 26, 2023 - 7:07 am

North Mill Equipment Finance sent a letter recently to the special committee of the board of directors of IOU Financial proposing to acquire the company at a 27% premium to the price per share agreed to by IOU and a group of inside shareholders. read more

JUL 26, 2023 - 7:05 am

Banc of California signed a definitive merger agreement with PacWest Bancorp. The combined holding company and bank will operate under the Banc of California name and brand following closing of the transaction. read more

JUL 26, 2023 - 7:03 am

Oakmont Capital Services promoted Tatum Noreen, CLFP, to inside sales manager and Jodie Schimek, CLFP, to credit supervisor. OCS also hired Alex Gerads and Brooke Poepping as account managers and Sara Revermann as a receptionist. read more

JUL 26, 2023 - 7:02 am

Atlantic Union Bankshares and American National Bankshares entered into a definitive merger agreement for Atlantic Union to acquire American National in an all-stock transaction valued at $416.8 million. read more

JUL 26, 2023 - 6:58 am

Tamarack Technology, a provider of artificial intelligence (AI)-based automation and business intelligence products and software integration services for the equipment finance industry, joined the Salesforce consulting partner program. read more

JUL 26, 2023 - 6:57 am

Alfa, provider of Alfa Systems, a technology platform for auto and equipment finance, reported an impressive haul for its customers at the 2023 Asset Finance Connect Awards. read more

JUL 26, 2023 - 6:56 am

First Citizens Bank’s energy finance group, part of the CIT division, served as sole lead arranger on $211 million in financing for the 200-megawatt Oak Solar power plant in Gaston, NC. read more

JUL 26, 2023 - 6:55 am