News

First Horizon Bank Names Argo Deputy Chief Risk Officer

First Horizon Bank promoted Ashley Argo to deputy chief risk officer. Argo has held multiple roles in her 19-year tenure with First Horizon Bank in various departments, including accounting, credit and risk management. read more

MidCap Equipment Finance Reports More Than $225MM in Originations in First 2 Years

MidCap Equipment Finance is celebrating two years in business this month, with the firm originating more than $225 million since its inception in February 2022. MidCap Equipment Finance has provided financing in a variety of industries, such as manufacturing, construction, transportation, medical and aviation.  read more

FirstBank Elects New CEO and COO

FirstBank’s board elected Kevin Classen CEO to replace Jim Reuter, who will retire from the bank after seven years as CEO and 37 years with the organization overall. In addition, FirstBank’s board named Kelly Kaminskas chief operating officer. read more

Atlantic Union Bank Delivers $30MM Credit Facility to Renewable Energy Real Estate Investment Company

SolaREIT, a renewable energy real estate investment company, closed on a revolving credit facility with Atlantic Union Bank that provides $30 million of liquidity to allow SolaREIT to continue to scale its business and expand financing solutions for solar and storage developers. read more

Former JPMorgan Chase Exec Braunstein Joins Wells Fargo as Vice Chairman

Doug Braunstein joined Wells Fargo as vice chairman. Braunstein joined Wells Fargo with more than 35 years of industry experience, including nearly two decades at JPMorgan Chase, where he held several executive management roles, including CFO and vice chairman. read more

First Business Bank Hires Bergeron as President of Equipment Finance

First Business Bank hired Kyle Bergeron as president of equipment finance, according to a LinkedIn post from Bergeron. Bergeron spent the last eight years at Blude Bridge Financial, most recently as senior vice president of credit strategy and operations. read more

Ares Commercial Finance Appoints Verazain Managing Director for Business Development & Underwriting Teams

Ares Commercial Finance expanded its presence in Michigan by appointing Victor Verazain managing director for the company's business development and underwriting teams in the state. In his role, he will work to support the Ares platform and its product suite, including asset-based lending and equipment financing. read more

MUFG Invests in Leveraged Credit Business with New Hires

Mitsubishi UFJ Financial Group (MUFG) hired Jordan Hollander as a director on the company’s high yield credit research team. Additionally, Mark Schillings joined MUFG as a director and Sarah Henry and Chris Sym joined as vice presidents on the company’s leveraged credit distribution team. read more

Cass Commercial Bank Selects SuperTRUMP to Enhance Tax and Non-Tax Lease Offerings

Cass Commercial Bank selected Ivory Consulting’s SuperTRUMP to serve as the sole pricing engine for its newly established equipment finance division. By leveraging SuperTRUMP, the bank aims to deliver profitable yet cost-effective finance solutions that align with its customers’ business goals, cash flow and industry requirements. read more

Online Equipment Rental Company DOZR Hires Kennedy as Chief Growth Officer

DOZR, an online marketplace for heavy equipment rentals, appointed Kathryn Kennedy chief growth officer. Kennedy has experience driving customer growth and acquisition strategies, having previously held senior leadership positions at Wayfair, Zulily, Amazon and Expedia. read more

Umpqua Bank’s Chief Integration Officer to Retire April 1

Eric Eid, chief integration officer of Umpqua Bank, a subsidiary of Columbia Banking System, will retire on April 1. Eid’s retirement will follow the recent closing of the bank's integration management office, a division he co-led to support the merger between Columbia Bank and Umpqua Bank. read more

ACT Research: Used Class 8 Truck Values Linger at 2021 Lows in January

According to ACT Research, used Class 8 average retail sale prices improved 2.6% month over month to $59,400 in January. The last time retail prices were this low was in the spring of 2021. read more

Small Businesses Optimistic About Growth Despite Critical Cash Flow Issues

Pathward released its “Small Business Credit Habits and Needs” report, which found that while one in three small businesses have struggled with cash flow in the changing economy, 70% consider themselves to be in growth mode. read more

Dakota Financial Implements Core Elements of Tamarack’s AI Product Suite

Dakota Financial partnered with Tamarack Technology on the implementation of Tamarack’s AI Product Suite – TrailView Customer Service Portal and DataConsole. Dakota is enhancing team productivity, customer service and overall business performance. read more

Northwest Bank Names Schosser Chief Financial Officer

Northwest Bank appointed Douglas M. Schosser to chief financial officer, effective March 18, 2024. He will replace William W. Harvey, Jr., who announced his retirement last fall. read more

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
[email protected]
Susie Angelucci
Advertising: 484.459.3016
[email protected]

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.
www.abfjournal.com