News

M&T Bank Announces Multiple Commercial Bank Leadership Appointments

M&T Bank announced a slate of leadership updates in its commercial bank to support its ongoing evolution and commitment to providing best-in-class support to its clients and communities. read more

Blue Bridge Financial Extends and Upsizes Corporate Notes to $20MM

Blue Bridge Financial, an independent commercial equipment finance company, upsized and extended its corporate notes to $20 million. Brean Capital served as the company’s exclusive financial advisor and sole placement agent in connection with the transaction. read more

Federal Reserve Board Test Shows Large Banks are Well Positioned for Severe Recession

The Federal Reserve Board released the results of its annual bank stress test, that demonstrates that large banks are well positioned to weather a severe recession and continue to lend to households and businesses even during a severe recession. read more

Hannahs to Retire from Wings Capital Partners

Wings Capital Partners announced R. Stephen Hannahs, chairman and CEO will retire effective June 30. read more

Star Hill Financial Appoints Jasper Executive Account Manager, Franchise Finance

Star Hill Financial, an independent franchise and equipment finance company, appointed Shayla Jasper as executive account manager, franchise finance. Jasper previously worked at Pacific Premier.  read more

US Bank Names Whang Head of Commercial Products Group

U.S. Bank named Jimmy Whang head of its commercial products group, effective June 30. Whang replaces Stephen Philipson, who was recently promoted to a new role overseeing global markets and specialized finance (GMSF). read more

Morrit Hock & Hamroff’s Berkoff and Driscoll Recognized by Lawdragon

Partners of Moritt Hock & Hamroff, Leslie Berkoff and Theresa Driscoll, have been recognized by Lawdragon as 500 Leading U.S. Bankruptcy & Restructuring Lawyers for 2023. read more

CDB Aviation Signs Lease Agreements for 6 Boeing 737 MAX 8 Aircraft with Turkish Airlines

CDB Aviation, a wholly-owned Irish subsidiary of China Development Bank Financial Leasing, signed lease agreements for a series of six Boeing 737 MAX 8 aircraft for Turkish Airlines, the flag carrier of Türkiye. read more

Equipment Finance Industry Experiences Negative Impacts Due to Recent Bank Failures

According to the results of a new survey from the Equipment Leasing & Finance Foundation, the equipment finance industry is experiencing a negative impact on business conditions due to recent bank failures and their attendant liquidity issues. read more

PEAC Solutions and Atlas Copco Enter Program Agreement       

PEAC Solutions and Atlas Copco Tools & Assembly Systems, a manufacturer of industrial tools and equipment, announced their recent program agreement, allowing PEAC to provide financing and leasing solutions for Atlas Copco’s industrial and construction equipment. read more

Evans to Retire from Verdant Commercial Capital on June 30

John Evans, vice president and business development manager of Verdant Commercial Capital, will retire, effective June 30. A financial services veteran, Evans has spent more than 40 years working in the equipment financing industry. read more

Rabobank Names Lawrence Chief Sustainability Officer for North America

Rabobank, a global food and agribusiness bank, named Terryn Lawrence chief sustainability officer for North America. Lawrence has more than a decade of executive experience and recently served as managing director at Persefoni, a carbon management software platform. read more

ELFA to Host Webinar on Commercial Finance Disclosure Laws on July 12

The Equipment Leasing and Finance Association will host a webinar titled “The NY Disclosure Laws Are Effective on August 1, 2023 – Will You Be Ready? Let Us Help!” to help equipment finance professionals prepare for New York’s commercial finance disclosure laws set to take effect on Aug. 1. read more

Mitsubishi HC Capital America Reports Significant Growth in Rental Financing and Leasing

Mitsubishi HC Capital America has experienced significant growth in rental financing for dealer-owner and dedicated rental fleets, with year-over-year increases of 150% to 550% among some of its clients. read more

ACI Aviation Consulting’s Krantz Earns ISTAT Certification

ACI Aviation Consulting’s director of valuations, Andy Krantz, received their certification from the International Society of Transport Aircraft Trading (ISTAT) as an ISTAT certified appraiser. read more

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