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
FEB 29, 2024 - 6:50 am
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
FEB 29, 2024 - 6:50 am
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
FEB 29, 2024 - 6:50 am
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
FEB 29, 2024 - 6:48 am
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
FEB 28, 2024 - 6:59 am
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
FEB 28, 2024 - 6:59 am
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
FEB 28, 2024 - 6:58 am
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
FEB 28, 2024 - 6:57 am
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
FEB 28, 2024 - 6:55 am
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
FEB 28, 2024 - 6:55 am
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
FEB 28, 2024 - 6:53 am
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
FEB 28, 2024 - 6:50 am
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
FEB 27, 2024 - 5:33 am
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
FEB 27, 2024 - 5:30 am
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
FEB 27, 2024 - 5:25 am