News

Central Valley and Community West Receive Shareholder Approval for Merger

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

Intelligent Process Automation Market to Reach $50.7B by 2032 at 14.6% CAGR

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

STRIPES Leadership Program Celebrates 18 Leaders During Certification Ceremony

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

Vantage Financial Hires Richardson as CCO; Merrigan Joins Peoples Bank

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

360 Equipment Finance Scales with GreatAmerica Portfolio Services Group

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

Artificial Intelligence PCs to Account for Nearly 60% of Global PC Shipments by 2027

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

Fleet Advantage Reports More Than $1B in Syndicated Lease Volume in Last 12 Months

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

Aviation Finance Company Avolon Reports 6% Increase in Lease Revenue for 2023

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

Battery Electric Vehicle Adoption Rates to Drive Trucking Industry Decarbonization Goals

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

First Citizens Bank Provides $37MM to Refinance Medical Office Building

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

Star Hill Financial Hires Juvekar as VP of Franchise Financing

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

Sandhills Global: Aircraft Values Hold Steady During Seasonal Inventory Decreases

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

Trinity Capital Provides $20MM in Equipment Financing to Formlogic

Trinity Capital committed $20 million in equipment financing to Formlogic, a provider of autonomous precision manufacturing services intended for space companies. read more

Mitsubishi HC Capital Canada Hires Meagher as VP of Legal Affairs, Senior Counsel for Institutional Transactions and Special Loans

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

Asset Compliant Solutions Achieves SOC-2 Type 2 Certification

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

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