Shareholders approved the merger of Community West with and into Central Valley, with Central Valley as the resulting company, and Community West Bank with and into Central Valley Community Bank. The decision was made at special meetings held on Feb. 8, 2024. read more
FEB 12, 2024 - 6:03 am
Allied Market Research published a report that found the global intelligent process automation industry generated $13.4 billion in 2022 and is anticipated to generate $50.7 billion by 2032, witnessing a CAGR of 14.6% from 2023 to 2032. read more
FEB 12, 2024 - 6:00 am
STRIPES Leadership Program celebrated 18 STRIPES leaders on Feb. 6 during its commencement ceremony, which included an inspiring keynote address titled “Your Journey Toward Transformative Leadership,” delivered by Bill Stephenson, global CEO of PEAC Solutions. read more
FEB 9, 2024 - 6:58 am
Vantage Financial hired Kyle Richardson as chief credit officer to oversee the credit team and risk management processes. Colin Merrigan, who was previously in charge of credit and risk management at the company, will become senior vice president and credit administration officer for the specialty finance division of Vantage Financial’s parent company, Peoples Bank. read more
FEB 9, 2024 - 6:57 am
360 Equipment Finance signed on with GreatAmerica Portfolio Services Group, a lease and loan service provider specializing in third-party servicing, to service its portfolio as the company scales. read more
FEB 9, 2024 - 6:56 am
According to International Data Corporation, shipments of artificial intelligence personal computers will grow from nearly 50 million units in 2024 to more than 167 million units in 2027. By the end of the forecast, IDC expects AI PCs will represent nearly 60% of all PC shipments worldwide. read more
FEB 9, 2024 - 6:56 am
Fleet Advantage, a provider of specialty financing, fleet data analytics, fleet management services and life cycle cost management, reported multiple corporate milestones from the last 12 months, including surpassing $1 billion in syndicated lease volume. read more
FEB 9, 2024 - 6:54 am
Aviation finance company Avolon reported lease revenue of $2.473 billion in 2023, an increase of 6% year over year. In addition, the company recorded operating cash flow of $1.751 billion (up 45% year over year) and adjusted EBITDA of $2.51 billion (up 6%). read more
FEB 9, 2024 - 6:53 am
In its recently released decarbonization forecast, ACT Research forecasts a significant increase of unit sales in 2026 for total Class 8 tractor volumes in response to the U.S. EPA’s 2027 low-NOx regulations. read more
FEB 9, 2024 - 6:51 am
First Citizens Bank’s healthcare finance business provided $37 million to Rethink Healthcare Real Estate to refinance Grandview Physicians Plaza I, a medical office building located in Birmingham, AL. read more
FEB 9, 2024 - 6:49 am
Star Hill Financial hired Shashank “SJ” Juvekar as vice president for its franchise financing team. With more than 10 years of experience in the banking and finance industry, Juvekar was previously a relationship manager and vice president at BCI Capital, where he originated and managed franchise portfolios. read more
FEB 8, 2024 - 6:37 am
Aircraft asking values remained steady in January following seasonal inventory drawdowns, according to Sandhills Global’s newest aviation market reports. Used turboprop aircraft values experienced the most change, ticking up slightly month over month in January. read more
FEB 8, 2024 - 6:37 am
Trinity Capital committed $20 million in equipment financing to Formlogic, a provider of autonomous precision manufacturing services intended for space companies. read more
FEB 8, 2024 - 6:34 am
Francis C. Meagher joined Mitsubishi HC Capital Canada, a subsidiary of Mitsubishi HC Capital America, as vice president of legal affairs and senior counsel for institutional transactions and special loans. read more
FEB 8, 2024 - 6:29 am
Asset Compliant Solutions (ACS), a provider of asset-based lending and lease finance solutions, completed a Service Organization Control (SOC) 2 Type 2 audit. read more
FEB 8, 2024 - 6:29 am