News

First Citizens Receives 20 Greenwich Excellence and Best Brand Awards

For the 11th straight year, First Citizens Bank has been recognized by Coalition Greenwich, receiving 20 national and regional Greenwich Excellence and Best Brand awards. read more

Hengstler Joins Haynes Boone in Rapidly Growing Orange County Office

David Hengstler joined Haynes and Boone’s Orange County office. He is the fifth partner to join the firm’s growing Orange County office since September. read more

Cherry’s Industrial Equipment Appoints Smith to National Account Manager Position

Cherry’s Industrial Equipment, an engineering and manufacturing company dedicated to solving workflow and safety issues in the workplace, appointed Jordan Smith to the position of national account manager. read more

Macquarie AirFinance to Acquire $1.1B Aircraft Portfolio from ALAFCO

Macquarie AirFinance agreed to acquire an additional portfolio of 23 aircraft from ALAFCO Aviation Lease and Finance Company for approximately $1.1 billion. read more

Lease Finance Partners Teams Up with Black Star to Offer Preferred Leasing Rates

Heavy equipment auctioneer Black Star and equipment leasing company Lease Finance Partners entered a partnership under which Black Star referrals to Lease Finance Partners will benefit from preferred leasing rates. read more

Wells Fargo Names Karanik Head of Independent Solutions for Wealth & Investment Management Business

Wells Fargo named Erik Karanik head of independent solutions for its wealth and investment management (WIM) business. Since 2021, Karanik has served as the head of control management for the WIM business. read more

U.S. Bank Adds New Division to Serve Private Capital Asset Managers

U.S. Bank launched a new division dedicated to serving private capital firms and global asset managers, bringing together all parts of the bank that currently serve more than 200 private capital clients with a range of products and services. The bank named Stephen Jeselson head of the division. read more

Morrison Foerster Adds Finance and Private Equity Partner in San Francisco

Law firm Morrison Foerster hired Michael Vernace as a partner in the firm's finance and private equity groups in the transactions department, based in the firm’s San Francisco office. read more

Victory Park Capital Hires Mesheski as Principal of Investor Relations

Stephanie Mesheski joined Victory Park Capital as principal on the firm’s investor relations and marketing team. Working alongside Sora Monachino, managing director and head of investor relations, Mesheski will primarily be responsible for business development. read more

Horizon Bank Appoints Pendley President of Mortgage Banking

Horizon Bank appointed David Pendley the divisional president of mortgage banking. Pendley will lead the strategic direction and growth of the bank’s mortgage banking division, with responsibility for sales, operations, underwriting, secondary markets and closing. read more

GemCap Implements FGI T.R.U.S.T. for Risk Mitigation

GemCap, a Texas-based provider of revolving credit facilities, term loans and factoring facilities for small and medium-sized businesses across the U.S. and Canada, chose FGI Worldwide’s T.R.U.S.T. platform as a risk mitigation solution for client credit insurance policies. read more

Monitor to Host Livestream Announcing Converge 2024 Award Nominees in 10 Categories

Monitor will host a free livestream on March 6 at 1 p.m. ET to announce the top nominees for the Converge 2024 Awards Gala. Lisa Rafter, publisher of Monitor, will announce the top four to six nominees in each nominated category of the Converge Awards. read more

Equipment Finance Industry Confidence Jumps in February

The Equipment Leasing & Finance Foundation released the February 2024 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI). The index reported that, overall, confidence in the equipment finance market is 51.7, an increase from the January index of 48.6. read more

Channel Adds Stark and Boos to Lead Syndication Division

Channel hired Bob Stark as chief syndication officer and Jackie Boos as director of syndication sales. Previously, Stark served as the senior managing director of capital markets and corporate development at TCF Equipment Finance, now Huntington Bank, for more than 22 years, while Boos has 21 years of experience gained from roles at TCF Equipment Finance/Huntington Bank. read more

Digital Contracting in Equipment Finance Has Risen 22% Over Last 4 Years

According to Wolters Kluwer's Equipment Lease Finance Digital Transformation Index, the rate of adoption for digital contracting in the equipment finance industry has increased by 22% over the last four years and the Q4/23 digital adoption rate was up 3% compared with Q4/22. read more

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