News

Five Star Bank Expands into San Francisco Bay Area

Five Star Bank expanded into San Francisco, leveraging an existing team of Bay Area professionals led by DJ Kurtze, who will serve as Five Star Bank’s San Francisco Bay Area region president. read more

Servus Credit Union Acquires Canadian Equipment Leasing Company Stride Capital

Servus Credit Union acquired Stride Capital, a Calgary, AB-based equipment financing and leasing provider. read more

ELFF Sets June 6 as Annual Day of Giving Fundraiser, Hopes to Raise $85K

The Equipment Leasing & Finance Foundation is designating June 6 as its sixth annual “Day of Giving,” a 24-hour fundraising campaign meant to attract new and returning donors. The ELFF hopes to raise $85,000 during the fundraiser, with all donations 100% tax deductible. read more

Alta’s Voorhees to Discuss Climate Equipment Finance at ELFA’s Credit and Collections Management Conference

Patricia Voorhees of The Alta Group will share insights about climate equipment finance at the Equipment Leasing and Finance Association’s 2023 Credit and Collections Management Conference, which will be held June 7 to June 9. read more

ABL Aviation Promotes O’Donnell to CFO

ABL Aviation, a global independent aircraft asset management firm, promoted Eileen O’Donnell to the role of CFO from her role as financial director. O’Donnell previously worked at the Maples Group. read more

Commercial Chapter 11 Filings Increased 105% in May

According to Epiq Bankruptcy, commercial Chapter 11 filings increased 105% in May 2023 to 680 versus the 332 filings in May 2022. Nearly half of the Chapter 11 filings were made by corporate subsidiaries. read more

Baystone Government Finance Launches New Website

Baystone Government Finance launched a new website to connect equipment vendors, brokers, communities and select nonprofits with tax-exempt municipal leases and other financing options for essential equipment and real property. read more

Air Lease Announces Lease Placements of 4 Airbus A220 Aircraft with Czech Airlines

Air Lease announced long-term lease placements for four new Airbus A220-300 aircraft with Czech Airlines. All four aircraft are scheduled to deliver to the European airline in 2024 from Air Lease’s order book with Airbus. read more

Class 8 Truck Orders Bounce Back in May with 10% Y/Y Increase

According to ACT Research, preliminary North American Class 8 net orders bounced back in May with 15,500 units, up 10% year over year and 29% month to month, while preliminary Classe 5-7 orders surged 27% year over year with 19,000 units (up 3% month over month). read more

XS Financial Promotes Vuong to CFO

XS Financial, a specialty finance company providing CAPEX and equipment financing solutions to cannabis companies in the United States, promoted Justin Vuong to CFO, replacing Stephen Christoffersen. read more

QuickFi Wins Best Embedded Finance System for Lending at 2023 Banking Tech Awards

QuickFi by Innovation Finance USA recently won the award for Best Embedded Finance System – Lending at the 2023 Banking Tech Awards USA by Finovate. read more

Trustmark Adds Tazioli as SVP and Equipment Finance Indirect Originator

Trustmark hired Tom Tazioli as senior vice president and equipment finance indirect originator. Tazioli has more than 40 years of equipment finance experience, including 24 years in capital markets. read more

Inovatec Systems Appoints Harder Chief Product Officer

Inovatec Systems, a provider of cloud-based software solutions for lenders, hired automotive lending veteran Paul Harder as its chief product officer. Harder most recently served as vice president of auto finance and unsecured lending at CIBC. read more

Aviation Capital Group Hires Li as VP of Aircraft Trading

Aircraft lessor Aviation Capital Group hired Sylvia Li as vice president of aircraft trading. Li previously served as senior vice president of aircraft trading at BOC Aviation, based in its London office. read more

Equipment Auction Company Yoder & Frey Expands Team

Yoder & Frey, a heavy equipment auction company, hired Mike Thurston as senior vice president for the United States and Jeff Schatz as sales manager for Florida and the Eastern Seaboard. read more

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
[email protected]
Susie Angelucci
Advertising: 484.459.3016
[email protected]

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.
www.abfjournal.com