News

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

Griffin Global Asset Management Adds Kling and Hopkins to Senior Management Team

Griffin Global Asset Management, a commercial aircraft leasing and alternative asset management business, expanded its senior management team with the addition of Jose Kling as senior vice president of marketing and Peter Hopkins as tax director. read more

NETSOL Cloud Services Achieves AWS Lambda Service Delivery Designation

NETSOL Cloud Services, a provider of cloud-based solutions and a division of NETSOL Technologies, was awarded the AWS Lambda Service Delivery designation by Amazon Web Services. read more

PLM Fleet Appoints Muenzer Director of Rental Sales

PLM Fleet a refrigerated trailer fleet management company, appointed Paul Muenzer director of rental sales. Muenzer will be responsible for overseeing rentals across the United States and managing the company’s regional and inside rental sales teams. read more

House of Representatives Passes FAA Reauthorization Bill, GAMA Weighs In

The U.S. House of Representatives passed the Securing Growth and Robust Leadership in American Aviation Act, a Federal Aviation Administration reauthorization bill that will provide funding and direction to the agency whose current congressional authorization will expire on Sept. 30. read more

Trucking Industry Moved More Than 11.4B Tons of Freight in 2022, Generating $940.8B

According to the latest edition of American Trucking Associations’ American Trucking Trends 2023 report, trucks moved more than 11.4 billion tons of freight in 2022, generating more than $940 billion, which were both increases from 2021. read more

SLR Digital Finance Hires Ammons as AVP and Aghajanian as VP and Account Executive

SLR Digital Finance, a wholly-owned subsidiary of SLR Business Credit, hired RJ Ammons as assistant vice president and underwriter and Linda Aghajanian as vice president and account executive. read more

Peapack Private Adds Tomai as Senior Managing Director and Relationship Manager

Christopher Tomai joined Peapack Private as senior managing director and senior relationship manager. He is part of a team of private banking professionals being assembled to support Peapack Private as it expands its business into New York City. read more

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