First Citizens Bank promoted Marc Heller to vice chairman of CIT Commercial Services, a subsidiary of First Citizens Bank, and Michael Hudgens to president of CIT Commercial Services with full responsibility for the day-to-day operation of the business. read more

JUN 8, 2023 - 7:07 am

Citizens Financial Group will no longer originate indirect auto loans, effective July 1, as part of its strategy to optimize its balance sheet and emphasize relationship-based lending. Citizens will retain and continue to service existing auto loans on its balance sheet. read more

JUN 8, 2023 - 7:06 am

Utility Sales & Service, a provider of aerial lift and specialty trucks, acquired aerial equipment rental specialist Power Equipment Leasing Company of Romeoville, IL. read more

JUN 8, 2023 - 7:04 am

The RSM US Middle Market Business Index (MMBI), presented by RSM US in partnership with the U.S. Chamber of Commerce, eased to 131.3 in the second quarter, down modestly from 134 in the first quarter on a seasonally adjusted basis. read more

JUN 8, 2023 - 7:02 am

AmeraMex International, a provider of heavy equipment for logistics companies, infrastructure, construction and forestry conservation, received a $2.1 million equipment rental agreement from a West Coast customer. read more

JUN 8, 2023 - 7:00 am

A team led by Jennifer Powers and Reiner Boehning, who were formerly partners at Global Infrastructure Partners, will merge into Energy Capital Partners’ dedicated credit investing business and launch a sustainable credit platform named ECP ForeStar. read more

JUN 8, 2023 - 6:59 am

Republic First Bancorp, the parent company of Republic Bank, appointed Francis Mitchell senior vice president, treasurer and chief investment officer. read more

JUN 8, 2023 - 6:57 am

CDB Aviation, a wholly-owned Irish subsidiary of China Development Bank Financial Leasing, signed lease agreements for a pair of brand-new Boeing 737 MAX 8 aircraft with South Korea’s T’way Air. read more

JUN 8, 2023 - 6:55 am

According to Sandhills Global, after inventories increased across the heavy-duty truck, semitrailer, agricultural equipment and heavy construction machinery marketplaces in April, the trend accelerated in May. read more

JUN 7, 2023 - 7:10 am

LeaseAccelerator’s PureLease Marketplace, a bidding platform for equipment leases, has sourced more than $1.5 billion in lease financing. read more

JUN 7, 2023 - 7:07 am

Transport Enterprise Leasing (TEL) expanded its commercial truck fleet leasing operations in the Southwest and appointed Marc Carosielli regional director of new business development for fleet leasing. read more

JUN 7, 2023 - 7:05 am

First Citizens Bank’s asset-based lending group, part of the CIT division, provided a revolving credit facility to Signature Brands, a Ocala, FL-based provider of dessert decoration and seasonal celebration products. read more

JUN 7, 2023 - 7:00 am

Wells Fargo promoted Bernie Ramos, a 16-year veteran of the company, to managing director and Hispanic segment leader within its commercial banking division. Ramos joined Wells Fargo in 2007 as a relationship manager and has more than 20 years of experience. read more

JUN 7, 2023 - 6:55 am

According to the latest Biz2Credit Small Business Lending Index, small business loan approval   percentages at big banks dipped from 13.5% in April to 13.4% in May. Meanwhile, approval ratings at small banks remained at 18.7%. read more

JUN 7, 2023 - 6:50 am

Regions Bank promoted Fred Behnke to head of the bank’s homebuilder finance team. Behnke most recently served as regional manager for the company’s east region and will succeed Danny Hill, who retired from Regions. read more

JUN 7, 2023 - 6:48 am