News

TCS Equipment Finance Hires Former BankFinancial EVP as VP of Indirect Business Development & Training

TCS Equipment Finance hired Bruce Brandon as vice president of indirect business development and training, according to a LinkedIn post from Brandon. Brandon was previously executive vice president of middle-market equipment finance at BankFinancial. read more

Transportation Equipment Network and TIP Canada to Combine Operations

I Squared Capital announced a transaction to combine the North American operations of two of its portfolio companies, with the recently rebranded Transportation Equipment Network acquiring TIP Canada, a trailer leasing and rental company. read more

Solifi Completes Codat Integration; Now Available on Open Finance Platform

Solifi completed its integration with Codat, a provider of enhanced-connectivity automated solutions. Using pre-built APIs, the integration with Codat permits consented business data to securely integrate into operational systems in real-time, with the aim of providing assed-based lending customers a more comprehensive view of risk. read more

Regions Bank Launches Philanthropic Solutions Group within Wealth Management Division

Regions Bank launched a philanthropic solutions group, a team of advisors within its wealth management division who will provide support for clients’ asset management, mission and charitable giving priorities. Marcie Braswell will lead the group. read more

Purchasing Cycle for Class 8 Trucks Challenged by Upcoming Emissions Regulations

After pushing its 2024 North America Class 8 truck production forecast up the previous two months, ACT Research has left its the forecast essentially unchanged in April, according to its latest North American Commercial Vehicle Outlook. read more

Post Road Equipment Finance Adds Jacobson as Vice President

Post Road Equipment Finance hired Linda Jacobson as vice president for its operations team. Jacobson has 25 years of experience in equipment finance. Most recently, she worked at Insight Investments as senior lease administrator, where she was responsible for documenting and closing lease transactions in the modular building and IT industries. read more

GreatAmerica Financial Services Promotes Leahy to VP and General Manager for Office Equipment Group

GreatAmerica Financial Services promoted Mitch Leahy to vice president and general manager of its office equipment group. Leahy has experience spanning credit, sales and various leadership roles. He has been with GreatAmerica for nearly two decades, most recently serving as vice president and managing director of sales for the office equipment group. read more

Citi Names New Leader of Asset-Based and Transitional Finance

Bloomberg reported that Citigroup named Shane Azzara the successor to Shapleigh Smith as head of asset-based and transitional finance. According to Bloomberg, Smith will retire in May. read more

Barclays Adds Abati as Co-Head of Energy Transition for EMEA Region

Barclays appointed Rafael Abati co-head of the energy transition group in the Europe, Middle East and Africa (EMEA) region. Abati joined Barclays with almost 20 years of experience from UBS and Credit Suisse. read more

Wintrust Receivables Finance Closes $3MM A/R Line of Credit for Third-Party Logistics Company

Wintrust Receivables Finance closed a new $3 million accounts receivable line of credit for a Southwest-based third-party logistics company. read more

Natixis Corporate & Investment Banking Arranges $750MM Tranche of Debt Financing Package for Minera Centinela’s Copper Mining Expansion

Natixis Corporate & Investment Banking acted as one of five mandated lead arrangers of the $750 million commercial and ECA-covered tranches in a $2.5 billion senior secured debt financing package for the expansion of Minera Centinela's mining operations in Chile. read more

Aviation Capital Group Delivers Airbus A321neo to SKY Airline

Aircraft asset manager Aviation Capital Group delivered one new Airbus A321neo aircraft on long-term lease to SKY Airline. Featuring CFM International LEAP-1A engines, this is the second of two aircraft scheduled to deliver to the airline from Aviation Capital Group. read more

Capteris Reports 200% Y/Y Increase in Funded Volume in Q1, Setting Company Record

Capteris, a provider of mid- and large-ticket equipment finance solutions, reported a 200% year-over-year increase in funded volume in Q1/24, resulting in the company’s strongest quarter since inception. read more

Encina Lender Finance Provides $30MM Credit Facility to Small-Ticket Equipment Finance Platform

Encina Lender Finance closed a $30 million senior credit facility for a small-ticket equipment finance platform, which will use the facility to originate new equipment leases. read more

Fed Approves Merger of Provident Bank and Lakeland Bank

Provident Financial Services, the parent company of Provident Bank, and Lakeland Bancorp, the parent company of Lakeland Bank, received regulatory approval from the Federal Reserve to complete their previously announced merger. read more

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