KeyBank named John F. State assistant general counsel. In this role, State will be responsible for coordinating the legal affairs of Key Equipment Finance. Most recently, State was in private practice with the firm Cullen and Dykman. read more

MAY 18, 2023 - 6:54 am

Eagle Bulk Shipping, an operator of midsize drybulk vessels, amended its credit agreement to increase borrowing capacity by $175 million, among other changes. Crédit Agricole is the facility agent for the loan. read more

MAY 18, 2023 - 6:49 am

Orion Group, a specialty construction company, entered into a $13 million sale-leaseback of certain concrete segment equipment with Gordon Brothers. read more

MAY 18, 2023 - 6:47 am

Cadence Bank appointed Jerrell Moore executive vice president and chief diversity officer. Moore joined Cadence Bank from Google, where he helped lead the execution and delivery of the company’s diversity, equity and inclusion strategy for Google Cloud. read more

MAY 18, 2023 - 6:46 am

According to the U.S. Cutting Tool Institute and the Association for Manufacturing Technology, March 2023 U.S. cutting tool consumption totaled $225.6 million, which was up 14.6% compared with February and 14.9% on a year-over-year basis. read more

MAY 18, 2023 - 6:44 am

U.S. Bank promoted Scott Ford to president of wealth management, succeeding Mark Jordahl, who will retire this summer. Previously, Ford led U.S. Bank’s affluent wealth management business and U.S. Bancorp Investments’ financial advisors. read more

MAY 18, 2023 - 6:42 am

First Citizens Bank’s healthcare finance group, part of the CIT division, provided $30 million to refinance the Amavida Living Community in Fort Myers, FL. read more

MAY 18, 2023 - 6:41 am

XS Financial, an equipment finance company for the cannabis industry in the United States, will expand into the broader market by extending its financing services to non-cannabis companies. This effort will be led by XS Financials' newly formed capital markets desk. read more

MAY 17, 2023 - 7:13 am

Pinnacle Financial Partners hired Greg Schaefer as a financial advisor for its equipment finance team. Schaefer most recently worked as a senior vice president for One Florida Bank and was also previously employed as a territory manager for Wells Fargo. read more

MAY 17, 2023 - 7:12 am

EPC, a subsidiary of CSI Leasing and provider of IT asset disposition (ITAD) services, recently expanded operations in South America and opened a facility in Bogotá, Colombia. read more

MAY 17, 2023 - 7:10 am

FGI Worldwide hired Paul Bower as director of FGI Technology. Based in London, Bower will be responsible for expanding FGI’s proprietary credit insurance monitoring software, T.R.U.S.T, throughout the UK and Europe. read more

MAY 17, 2023 - 7:08 am

After June 30, U.S. Bank will replace three-month LIBOR with three-month CME term SOFR as the reference rate for certain outstanding floating rate or fixed-to-floating rate debt securities, preferred stock represented by depositary shares, income trust securities and preferred stock. read more

MAY 17, 2023 - 7:07 am

CDB Aviation, a wholly-owned Irish subsidiary of China Development Bank Financial Leasing, announced the re-delivery of China’s first-ever converted Airbus A330-300 passenger-to-freighter aircraft on lease to Sichuan Airlines. read more

MAY 17, 2023 - 7:05 am

Fifth Third Bank completed the acquisition of Big Data, a technology solutions provider for healthcare payments and remittance. The acquisition was made by an indirect wholly-owned subsidiary of Fifth Third Bank and financial terms were not disclosed. read more

MAY 17, 2023 - 7:04 am

According to the latest release of the ACT Research’s Freight Forecast, U.S. Rate and Volume Outlook report, the freight cycle remains clearly weak but there are rays of light at the end of the tunnel. read more

MAY 17, 2023 - 7:02 am