News

Avolon Signs Memorandum with Airbus to Order 20 A330neo Aircraft

Aircraft leasing company Avolon signed a memorandum of understanding with Airbus at the Paris Air Show to order 20 A330neo aircraft. The new aircraft are scheduled to be delivered between 2026 and 2028. read more

AerCap Signs Lease Agreements with EL AL for 2 Boeing 787-9 Dreamliners

AerCap signed lease agreements with EL AL for two new Boeing 787-9 Dreamliners at the Paris Air Show. The aircraft are scheduled to be delivered in Q4/25 and Q1/26. read more

DLL Partners with JLL to Provide Supply Chain Funding Options

Global real estate advisor JLL entered an agreement with DLL to provide clients with funding options to finance supply chain, logistics and automation equipment, technology and software. read more

Envision Capital Group Expands Commercial Finance Origination Capabilities

Envision Capital Group expanded its commercial finance origination capabilities and will now originate loans and lease transactions ranging from $5 million to $250 million. The company added Bruce Follese as the head of the newly formed department. read more

Exchange Bank Hires Radmilovic as CFO, Names DeMaris COO

Exchange Bank hired Charlotte Radmilovic as senior vice president and CFO. The bank also named Shari DeMaris, who previously served as executive vice president and CFO, executive vice president and chief operating officer. read more

LINKBANCORP and Partners Bancorp Receive Shareholder Approval for Merger

Shareholders of LINKBANCORP and Partners Bancorp approved the merger of Partners with and into LINKBANCORP, with LINKBANCORP as the surviving corporation. read more

Worldwide Spending on Internet of Things Forecast to Surpass $1T in 2026

According to International Data Corporation’s Worldwide Internet of Things Spending Guide, worldwide spending on the Internet of Things (IoT) is forecast to be $805.7 billion in 2023, an increase of 10.6% over 2022. read more

Republic First Bancorp Appoints Doran EVP and General Counsel

Republic First Bancorp, the parent company of Republic First Bank, appointed Brian F. Doran, Esq., executive vice president and general counsel. Prior to joining Republic, Doran served in leadership roles at Investors Bancorp. read more

Air Lease Purchases Pair of 787 Dreamliners from Boeing

Air Lease announced the purchase of two 787 Dreamliners from Boeing at the Paris Air Show this week. read more

US Trailer Industry Demand Dynamic is Shifting

According to this month’s issue of ACT Research’s State of the Industry: U.S. Trailers report, ominous clouds are on the horizon that bear watching closely moving forward, with one being a significant uptick in trailer cancellations for a second consecutive month. read more

Confidence in Equipment Finance Market Increases in June

According to the Equipment Leasing & Finance Foundation‘s June 2023 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI), overall, confidence in the equipment finance market is 44.1, an increase from the May index of 40.6. read more

SLR Equipment Finance Names Leach VP of Risk Department

Amanda Sapienza Leach joined SLR Equipment Finance as vice president of the risk department. In her new role, Leach will utilize her prior experience in credit analysis and financial services to help grow SLR Equipment Finance. read more

Long to Retire as Caterpillar’s Chief Legal Officer; Owens Selected as Replacement

Suzette M. Long, chief legal officer and general counsel at Caterpillar, will retire on Dec. 31 following an 18-year career at the company. Derek Owens, who currently serves as vice president and deputy general counsel, will become chief legal officer and general counsel, effective Jan. 1. read more

Northwest Bank Names DesMarteau Chief Commercial Banking Officer

Northwest Bank appointed Jay DesMarteau senior executive vice president and chief commercial banking officer. In this role, DesMarteau will provide strategic leadership and operational oversight for all aspects of Northwest Bank's commercial banking business. read more

First Citizens Bank Provides $19.5MM Construction Loan for Logistics Center Development

First Citizens Bank’s real estate finance business provided a $19.5 million construction loan for the development of Holbrook Logistics Center in Long Island, NY. read more

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