News

Jetcraft Appoints Dunne US Midwest Territory Sales Director

Jetcraft appointed Colin Dunne sales director for its Midwest territory in the United States. In his new role, Dunne will be a specialist for aircraft owners and buyers, collaborating with Jetcraft’s more than 80 team members. read more

BCB Hires Noto as Chief Lending Officer, Shifts Garcia to EVP of BCB Capital Group

BCB Bancorp, the parent company of BCB Bank, hired Mark J. Noto as chief lending officer of the bank, while shifting David Garcia to the role of executive vice president of BCB’s newly formed subsidiary, BCB Capital Group. read more

TBF Celebrates 25 Years as ELFA Member Company

TBF, a commercial debt acquisition company, reached 25 years of membership in the Equipment Leasing and Finance Association this year. read more

Amerant Bank Names Esterripa Head of Commercial Banking

Amerant Bank named Juan Esterripa senior executive vice president and head of commercial banking. Esterripa will oversee multiple business sectors, including commercial banking, commercial real estate, syndications, specialty finance and treasury management. read more

CF Software Solutions Releases App for Lease and Loan Calculations

CF Software Solutions released CFLease, an iOS-based lease and loan calculator. CFLease is available for free and was designed to go beyond the current offerings of HP-12C emulators and other lease-loan financial calculators, especially for equipment leasing transactions.  read more

Commonwealth Bank of Australia Establishes Green Vehicle and Equipment Finance Offerings

Commonwealth Bank of Australia launched a range of new green asset finance solutions to support businesses investing in green vehicles, equipment and machinery. read more

Federal Reserve Approves UBS’ Acquisition of Credit Suisse

The Federal Reserve Board approved UBS’ acquisition of the U.S. subsidiaries of Credit Suisse. read more

Encina Private Credit Adds Nalitt as Managing Director and White as SVP

Encina Private Credit appointed Ian Nalitt as managing director of originations, and Brian White as senior vice president of capital markets. read more

Fed Reports Bank Deposit Growth, Loan and Leasing Decline in Early April

Citing a report from the Federal Reserve, Reuters reported that between March 29 and April 5, U.S. commercial bank deposits rose, while there was a slight decline in loans and leases. read more

Peoples Bancorp Receives Regulatory Approval for Merger with Limestone Bancorp

Peoples Bancorp, the parent company of Peoples Bank, received all necessary regulatory approvals for its merger with Limestone Bancorp. Peoples will be the surviving corporation following the merger. read more

Linedata Expands Services Offerings in Asia-Pacific Region

Linedata expanded its services capabilities and offerings in the Asia-Pacific (APAC) region to include new industry segments, namely private equity, private credit, specialized and structured credit, as well as allocators and aggregators. read more

Majority of Lenders Expect a Recession in 2023 or 2024

According to a survey from FTI Consulting, 71% of lenders believe that the probability of a U.S. recession in 2023 or 2024 is material (54%) or likely (17%), with only 11% believing that real U.S. GDP growth in 2023 will exceed 2%. read more

Intrinsic Launches Fixed Asset Valuation Practice, Hires Dotson to Lead

Intrinsic, a national valuation and transaction advisory firm based in Denver, launched a separate fixed asset valuation practice. read more

Mack to Retire as CEO of Consumer and Small Business Banking at Wells Fargo

Mary Mack will retire this summer as CEO of consumer and small business banking (CSBB) at Wells Fargo. Saul Van Beurden, the current head of technology for the company, will succeed Mack, effective May 15. read more

Post Road Equipment Finance Provides $22MM Lease Line to Engineered Materials Manufacturer

Post Road Equipment Finance provided a $22 million lease line to a global engineered materials manufacturer to finance new manufacturing equipment. read more

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