News

ACT: Heavy Duty Market Up-Cycle Running Out of Steam

ACT Research’s forecasts have called for the up-cycle in the Class 8 market to run out of steam around the third quarter of 2019, according to the latest North American Commercial Vehicle OUTLOOK. read more

Air Lease Sells Five Aircraft in Third Quarter of 2019

Air Lease Corporation released an update on its activity for the third quarter of 2019. As of September 30, 2019, ALC’s fleet was comprised of 307 owned aircraft and 64 managed aircraft. read more

Moenickheim Joins Gateway First Bank as Chief Risk Officer

Peter Moenickheim joined Gateway First Bank, one of the largest banks in the State of Oklahoma, as its chief risk officer. read more

Luria of Webster Bank Honored with Distinguished Service Award

Webster Bank’s Kathy Luria has been named the 2019 winner of the American Bankers Association Foundation's George Bailey Distinguished Service Award. read more

BOC Aviation Delivers Airbus A320NEO to Spring Airlines

BOC Aviation delivered a new Airbus A320NEO aircraft to Spring Airlines, China’s largest low-cost carrier. The aircraft is powered by CFM Leap 1A engines. read more

Stonebriar Promotes Parks to Executive Vice President

Stonebriar Commercial Finance promoted Kyle C. Parks to executive vice president and named him to the SCF Executive Management team. read more

Osborne Joins Accord Financial as SVP of Human Resources

Accord Financial hired Cathy Osborne as senior vice president of Human Resources. Osborne will lead all HR functions across the entire Accord Financial organization. read more

EF Economic Outlook Suggests Decelerated, Moderate Growth

Equipment and software investment growth decelerated and is expected to moderate at 3.9%, according to the Q4 update to the ELFF 2019 Equipment Leasing & Finance U.S. Economic Outlook. read more

Pawnee Leasing Closes $254MM Securitization of Prime Receivables

Pawnee Leasing, a subsidiary of Chesswood Group, closed its first marketed U.S. securitization of its prime receivables. read more

ACT Research: Spot Pressure to Persist on More Capacity Additions

After a less negative spot environment over the summer, ACT Research now expects excess capacity to exert more downward pressure on truckload spot rates. read more

CDB Aviation Delivers First of Nine A321neos to IndiGo

CDB Aviation delivered the first of a fleet of nine Airbus A321neo aircraft to Indian airline IndiGo, as part of a purchase and leaseback transaction. read more

Bueche Joins Fidelity Bank as Chief Credit Officer

Minnesota-based Fidelity Bank named Brian Bueche senior vice president and chief credit officer. read more

CIT Arranges $87MM Financing for Storage Rentals of America Recap

CIT Group’s Real Estate Finance unit served as lead arranger on $87 million in financing for a portfolio of Storage Rentals of America-branded self-storage facilities. read more

Ascentium Capital Reports 30% Growth During Q3/2019

Ascentium Capital funded $392.4 million in volume during the third quarter of 2019, representing a 30% increase over the same period last year. read more

rue21 Selects Accruent Lucernex Software to Manage FASB Compliance

Lease accounting software provider Accruent’s Lucernex solution has been selected by retailer rue21 to manage the company’s compliance with the FASB new lease accounting standard. read more

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