IDC: Worldwide Hardcopy Peripherals Shipments Decreased 11.7% Y.Y in Q2/23

Worldwide shipments of hardcopy peripherals declined 11.7% year over year to 19.5 million units in Q2/23, according to IDC. read more

Agriculture Equipment Market to Reach $434.1B Globally by 2032

The global agriculture equipment market was valued at $ 236.6 million in 2020 and is projected to reach $434.2 million by 2032, according to Allied Market Research.  read more

XS Financial Proposes Repurchase and Cancellation of Unsecured Convertible Notes

XS Financial, an equipment finance company serving the cannabis industry in the U.S., proposed to repurchase and cancel certain of its unsecured convertible notes that were originally issued on Oct. 28, 2021, and Oct. 10, 2022. read more

Aircraft Shipments and Billings Rose in First Half of 2023

According to the General Aviation Manufacturers Association, in the first six months of the year, aircraft deliveries were up across all segments compared with the same period in 2022. In addition, there was an increase in the overall value of aircraft shipments. read more

Houlihan Lokey Places Refinancing Transaction for Rail Equipment Leasing and Maintenance

Houlihan Lokey served as exclusive placement agent on a second lien term loan for Rail Equipment Leasing and Maintenance (RELAM), which was acquired by affiliates of Paceline Equity Partners. The refinancing transaction closed on Aug. 4. read more

Santa Cruz County Bank Forms Bank Holding Company

Santa Cruz County Bank consummated a holding company reorganization with the formation of West Coast Community Bancorp, which went into effect on Aug. 18. read more

BMO Appoints Former Morneau Shepell Chief Human Resources Officer to Board of Directors

Bank of Montreal appointed Hazel Claxton, former executive vice president and chief human resources officer of Morneau Shepell (now part of TELUS Health), to its board of directors. read more

Bank of the Sierra Names Coen EVP and Chief Risk Officer

Sierra Bancorp, the parent of Bank of the Sierra, an independent bank headquartered in the South San Joaquin Valley in California, named Natalia Coen executive vice president and chief risk officer for both the company and the bank. read more

Peapack Private Hires McKenna as Senior Managing Director & Commercial Private Banker

Peapack-Gladstone Financial and Peapack Private, a division of Peapack-Gladstone Bank, appointed James McKenna senior managing director and commercial private banker. McKenna previously served as first vice president and relationship manager at Valley National Bank. read more

Titan Machinery to Acquire Australian Case IH Dealership Group for $63MM

Titan Machinery, an owner of a network of agricultural and construction equipment stores, entered into a definitive purchase agreement to acquire J.J. O’Connor & Sons (O’Connors), a Case IH dealership group in Australia, for $63 million in cash. read more

ELFA Files to Join Injunction to Stop Section 1071 Implementation

The Equipment Leasing and Finance Association filed to join an injunction to stop implementation of Section 1071 of the Dodd-Frank Act by the Consumer Financial Protection Bureau. read more

Tamarack Technology Forms Partnership with Rinaldi Advisory Services

Tamarack Technology, a provider of business intelligence and artificial intelligence-based automation products and software integration services, entered into a partnership with equipment finance consulting firm Rinaldi Advisory Services. read more

First Citizens Bank Arranges $200MM in Financing for New Fortress Energy

First Citizens Bank’s capital equipment finance group, part of the CIT division, served as lead arranger on $200 million in financing for New Fortress Energy. The loan will support New Fortress Energy's grid stabilization project in Puerto Rico. read more

Gibraltar Equipment Finance Provides $4MM to Sponsor-Backed Pet Food Manufacturer

Gibraltar Equipment Finance closed a $4 million equipment financing transaction to support a sponsor-backed specialty pet food manufacturer. read more

Western Alliance Bank Names Parra Head of Commercial & Industrial Banking in California

Western Alliance Bank appointed Julian Parra head of commercial and industrial banking for California. Parra most recently served as regional commercial banking executive for California, Nevada and Hawaii at Bank of America. read more

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