SmartEquip Adds Kiloutou Germany to Global Network

SmartEquip, a provider of equipment service and parts procurement solutions, added Kiloutou Germany, a subsidiary of Europe's third-largest generalist equipment rental company, Kiloutou Group, to its global network. read more

MUFG Establishes Climate Technology Growth Fund

MUFG Bank established the Marunouchi Climate Tech Growth Fund with Mitsubishi Corporation and Pavilion Private Equity. The fund has Marunouchi Innovation Partners as its general partner, and will invest mainly in climate-tech-related startups. read more

AITX Launches European Railcar Services Platform

AITX, a North American provider of railcar services, launched a European railcar platform to offer European manufacturers, operating lessors and freight shippers access to resources across fleet management, leasing solutions, regulatory management and maintenance operations. read more

Data Sales Celebrates 50 Years in Business

Data Sales, a provider of lease financing and IT asset disposition, recently celebrated its 50th year in business, at its Burnsville, MN headquarters with customer, family and employee events. read more

Truck Freight Volume Continues to Contract Nationwide Despite Increases in Southwest

According to the latest U.S. Bank Freight Payment Index, the volume of freight shipments moved via truck in the United States declined in Q1/23 by 6.1% year over year. This was the fourth quarter in a row in which volume has contracted on an annual basis. read more

Moritt Hock & Hamroff Expands Footprint in Fort Lauderdale, FL

Moritt Hock & Hamroff opened a new office in the Fort Lauderdale, FL, metro area to serve the southeast Florida market. Gregory J. Ritter, the founder of Florida-based law firm Ritter & Chusid will join Moritt Hock & Hamroff as partner to support the new office. read more

I Squared Capital Acquires Australian Transport Equipment Leasing Company

I Squared Capital, an infrastructure investment manager, signed a definitive agreement, through its ISQ Global Infrastructure Fund III, to acquire Rentco, a transport equipment leasing and rental company in Australia. read more

Southern States Bank Names Chambers CEO to Replace Whatley

Southern States Bancshares, the holding company for Southern States Bank, appointed Mark Chambers CEO, succeeding retiring CEO and founder Stephen Whatley. read more

Ritchie Bros. Sells More Than $164MM of Equipment in Edmonton, AB

Ritchie Bros. conducted its largest Canadian auction of the year recently in Edmonton, AB, selling more than 12,000 equipment items and vehicles over five days, generating more than CA$225 million (more than $164 million) in gross transaction value.  read more

JPMorgan Chase Acquires Majority of First Republic Assets, Including All Deposits

JPMorgan Chase acquired the substantial majority of assets and assumed the deposits and certain other liabilities of First Republic Bank from the Federal Deposit Insurance Corporation. As part of the purchase, JPMorgan Chase is assuming all insured and uninsured deposits. read more

FDIC Blames Signature Bank Failure on ‘Poor Management’

The Federal Deposit Insurance Corporation released an internal review evaluating its supervision of Signature Bank. According to the review, “the root cause of [Signature Bank’s] failure was poor management.” read more

Crossroads Equipment Lease and Finance Appoints Russell to Lead New Trailer Leasing Business

Crossroads Equipment Lease and Finance appointed Brent Russell to its leadership team as senior vice president. In this role, Russell will spearhead a new division under the name "LeaseBox" that will launch Crossroads into trailer and chassis leasing. read more

Peoples Bancorp Completes Acquisition of Limestone Bancorp

Peoples Bancorp completed its acquisition of Limestone Bancorp and Limestone's wholly-owned subsidiary, Limestone Bank. The completed acquisition included the merger of Limestone Bank into Peoples Bank.  read more

North Mill Equipment Finance Provides Capital Investment to Support Formation of BriteCap Financial

Non-bank lender BriteCap Financial formed with a capital investment from affiliates of North Mill Equipment Finance and from its own senior management team. BriteCap will be majority owned by a holding company affiliate of North Mill and will operate independently from North Mill. read more

US Bank Introduces New Business Diversity Lending Program

U.S. Bank introduced a new business diversity lending program that will expand the ability of women-, minority- and veteran-owned businesses to obtain capital, building upon the bank’s broader efforts to support underrepresented businesses and help address the wealth gap. read more

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