News

First Capital Business Finance Launches Specialized Financing Programs for Semi Truck & Equipment Loans

Brokerage firm First Capital Business Finance launched a specialty financing program division for equipment and semi-truck loans as well as new commercial truck financing programs. read more

WSFS Bank Hires Former KeyBank Market President as Senior Middle-Market Team Leader

WSFS Bank, the primary subsidiary of WSFS Financial, hired Jamie Tranfalia as senior vice president and senior middle-market team leader. Prior to joining WSFS, Tranfalia was market president and middle-market team leader at KeyBank. read more

Used Class 8 Truck Retail Sales Stronger than Expected in February

According to preliminary data from ACT Research, Class 8 same dealer used truck retail sales volumes increased 15% month over month in February. read more

Unparalleled Equipment Finance Insights & Data Now Available as Part of Monitor’s Suite Platform

Monitor officially launched its new and improved website and enhanced content offerings for Suite, its premium content subscription platform, featuring an upgraded user experience and an expanded collection of equipment finance industry data and research. read more

PNC Names Thomas Head of Corporate & Institutional Banking

PNC Bank named Michael Thomas head of corporate & institutional banking (C&IB), effective immediately. Thomas will report to Michael P. Lyons, president of PNC Bank. Thomas is succeeding Lyons in the role after Lyons was appointed president of the bank in February. read more

Mitsubishi Logisnext Launches Financial Services Unit Through Partnership with DLL

Mitsubishi Logisnext Americas, a manufacturer and provider of material handling, automation and fleet solutions, launched Logisnext Financial Services, which will provide customers with a single point of contact for equipment purchasing and financing. The new service is offered through a strategic partnership with DLL. read more

QuickFi Wins 3rd Consecutive Best Overall LendTech Company Designation in Annual FinTech Breakthrough Awards

QuickFi, a digital secured lending and equipment leasing platform, won the “Best Overall LendTech Company” designation in the eighth annual FinTech Breakthrough Awards program conducted by FinTech Breakthrough. QuickFi has now won the award in three straight years.  read more

HSBC Appoints Fullam CFO for the US and Americas

HSBC appointed Andrew Fullam CFO for the U.S. and Americas. In this role, Fullam will be responsible for the region’s financial operations, including accounting, regulatory reporting, stress testing and capital management. read more

Fifth Third Bank Names Hube Group Manager for Equipment Finance Capital Markets

Fifth Third Bank appointed Michael Hube senior vice president and group manager for equipment finance capital markets, according to a LinkedIn post from Hube. read more

Northwest Bank Hires Record as Head of Restaurant and Franchise Finance

Michael Record joined Northwest Bank as executive vice president and head of restaurant and franchise finance. In this new role, Record will build out Northwest Bank's restaurant and franchise finance business line as part of its commercial lending portfolio. read more

Transervice Logistics Names Park Director of Business Development in Southeast

Transervice Logistics, a provider of fleet maintenance and transportation solutions, named Byron Park director of business development in the Southeast. Prior to joining Transervice, Park was vice president of sales at Nobility Logistics. read more

United Rentals Introduces Tower Crane Battery Energy Systems to North American Fleet

Equipment Rental company United Rentals has added battery energy systems for tower cranes to its North American rental fleet. read more

Global Jet Capital Appoints Christie to Lead Sales in Americas

Global Jet Capital appointed Mike Christie to the position of head of sales for the Americas. Most recently, Christie served as vice president of sales in the western U.S. and Ohio for Global Jet Capital. In his new role, Christie will oversee the company’s sales activities in the U.S. and Latin America. read more

Even More Equipment Finance Executive Insights & Interviews Coming to Suite

In just one day, Monitor will elevate Suite, our premium subscription content platform, with an all-new web experience featuring expanded content offerings as well as the continuingly growing library of executive insights, interviews and documentaries that have fueled its success for nearly two years. read more

SMBC Appoints Corteil Chief Risk Officer in Americas

Sumitomo Mitsui Banking Corporation (SMBC) appointed Mark Corteil chief risk officer for its Americas division. Corteil joined SMBC in 2022 as Americas chief credit risk officer, overseeing all aspects of credit risk management in the region. read more

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