News

Capital One Appoints Raisig to Long Island Commercial Lending Team

Gary Raisig joined Capital One’s Middle Market Banking group on Long Island as a senior vice president and relationship manager. Raisig will report to Miriam Tanenbaum, head of Long Island and Queens Middle Market Banking. read more

APR 17, 2019 - 7:00 am

ELFF Industry Snapshot Reports New Business Volume Off to Slow Start in 2019

The Equipment Leasing & Finance Foundation has released its Q2 2019 Equipment Leasing & Finance Industry Snapshot, a resource for industry participants to incorporate into executive briefings and presentations. read more

APR 17, 2019 - 6:55 am

BofA First Quarter 2019 Sees 6% Growth in Net Income Y/Y

Bank of America released its financial results for the first quarter of 2019, reporting a net income of $7.3 billion, an increase of 6% year over year. read more

APR 17, 2019 - 6:50 am

Umpqua Wins Celent Model Bank of The Year Award for Customer Engagement

Umpqua Bank has been recognized by Celent as a Model Bank Award winner in Customer Engagement for its human digital banking strategy and Go-To banking platform. read more

APR 17, 2019 - 6:45 am

Miller Joins Tiger Group as Senior Director of Appraisals

Industry veteran Matthew Miller joined asset valuation and disposition services provider Tiger Group as senior director of Appraisals. He will be responsible for the daily operations of the firm’s comprehensive consumer and industrial asset appraisal practice. read more

APR 17, 2019 - 6:40 am

CWB Franchise Finance Provides Revolver to Shoeless Joe’s Sports Grill

CWB Franchise Finance, a division of CWB Financial Group, provided a development line facility and a revolver loan to Shoeless Joe's Sports Grill. read more

APR 17, 2019 - 6:35 am

Aviation Capital Delivers Airbus A350XWB to Asiana Airlines

Aircraft lessor Aviation Capital Group delivered a new Airbus A350-900 to Asiana Airlines, the first of two A350-900 aircraft deliveries on long-term lease to Asiana. read more

APR 17, 2019 - 6:30 am

Lamb Joins Sertant Capital as CFO

David L. Lamb joined Sertant Captial as senior vice president, chief financial officer. He will be based out of Sertant’s Utah office and report to CEO Dan Krajewski. read more

APR 16, 2019 - 7:00 am

Corcentric Completes Acquisition of Determine Cloud Platform

Corcentric completed its purchase of substantially all of the assets of Determine, a provider of global source-to-pay and enterprise contract lifecycle management solutions. read more

APR 16, 2019 - 6:55 am

Wells Fargo Agents $302.7MM+ ABS Transaction for CCG

Independent commercial equipment finance company Commercial Credit Group closed a 144a privately-placed term asset-backed security transaction. Wells Fargo served as structuring agent and lead bookrunner on the $302.732 million financing. read more

APR 16, 2019 - 6:50 am

Ritchie Bros. Appoints Jeter, Taylor to Executive Roles in North America

Ritchie Bros. named Jeff Jeter president, Upstream & Emerging Businesses, North America and Kari Taylor chief sales officer, U.S. Regions, as part of an organizational realignment in North America. read more

APR 16, 2019 - 6:45 am

Fleet Advantage Recognizes Two New CTP Accredited Professionals

Fleet Advantage recognized Zachary Lawson, vice president of Strategic Fleet Solutions, and Ezel “CJ” Baltali, purchasing manager, for receiving their 2019 NPTC Certified Transportation Professional accreditation. read more

APR 16, 2019 - 6:40 am

Rinaldi Relaunches Legends/Pioneers Video Series, Diversions Blog

Industry veteran Bob Rinaldi, president of Bob Rinaldi, relaunched his popular streaming video interview series of pioneers and legends of the equipment finance industry under the “Leasing Avenues” section of his blog. read more

APR 16, 2019 - 6:35 am

Ritchie Bros.’ to Sell 10,900+ Items in Annual Canadian Auction

From April 30 through May 4 in Edmonton, Canada, Ritchie Bros. will host its annual spring auction, featuring equipment from hundreds of companies across Western Canada. read more

APR 16, 2019 - 6:30 am

Signature Bank Forms National Venture Banking Group

Signature Bank has formed a national Venture Banking Group to focus on serving venture capital firms and the portfolio companies in which they invest. read more

APR 15, 2019 - 7:15 am

Editor's Picks

Come Together, Right Now: Industry Associations Tackle 2019

Various

January/February 2019

The AACFB never slows down. Its board and staff are always looking for ways to deliver new opportunities to its members. 2019 proves to be a busy year for the organization with its new initiatives as well as its annual... read more

2019 Priorities: Leveraging Current Success

Charles Wendel

January/February 2019

FOR ALL: BEGIN WITH PROACTIVE RISK MANAGEMENT Most of this article focuses on growth, but risk management requires clear and constant prioritization. While predictions differ on whether 2019 will see a recession, there is no doubt that, at some point,... read more

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Recent Opinion

Lenders Beware: Acceleration May Defeat Right to Prepayment Premium

Theresa Driscoll, ,

January 2019

Moritt Hock & Hamroff counsel Theresa Driscoll takes a look at the recent Second Circuit Momentive decision and uses it to examine the importance of clarity in drafting loan documents and understanding what loan documents say, especially when a lender needs to enforce its rights.

Outsourcing Gaining Ground in Equipment Finance

Ron Meyer, Senior Business Advisor, Linedata

November 2018

While outsourcing is often more associated with call centers in the common imagination, a surprising number of equipment lessors also use third-party service providers to augment their financing business. Ron Meyer from Linedata recently had the opportunity to speak to equipment finance professionals about how and why they outsource, examining the way this could influence the future of the industry.

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