News

Citizens Financial Appoints Goode Chief Security Officer

Brendan Goode will assume the role of chief security officer of Citizens Financial, effective April 29. Goode, who was previously chief security officer of Commonwealth Bank of Australia, will succeed Holly Ridgeway, who will retire from Citizens at the end of June. read more

TD Bank Names Baker Northern New England Commercial Market President

TD Bank named Don Baker commercial market president of northern New England. In this expanded role, Baker will lead the commercial and small business banking teams in Maine, New Hampshire and Vermont. read more

Siemens Mobility Forms Leasing Model for Regional Trains

Siemens Mobility founded Smart Train Lease, a leasing model for regional trains that will enable customers to supplement their fleets with rented battery, hydrogen and electric multiple-unit trains. read more

Dimension Funding Hires McGowan as Senior Account Manager

Dimension Funding hired David McGowan as a senior account manager, according to a LinkedIn post from McGowan. McGowan previously served as a senior vice president of vendor and banking services at Alliance Capital. read more

Mitsubishi HC Capital Canada Names Frenette VP of Risk, Portfolio Management & Credit

Mitsubishi HC Capital Canada named Philippe Frenette vice president of risk, portfolio management and credit, according to a LinkedIn post from David Gagnon, vice president of equipment finance for the firm. read more

Used Class 8 Truck Retail Sales Off to a Robust Start in 2024

According to preliminary data from ACT Research, Class 8 same dealer used truck retail sales accelerated 17% month over month in January. read more

BOC Aviation Signs Finance Leases for 4 Airbus A320neo Aircraft with Indigo

BOC Aviation entered into a finance lease transaction involving four Airbus A320neo aircraft with InterGlobe Aviation (IndiGo). The aircraft are all powered by CFM LEAP-1A engines. All four aircraft are scheduled for delivery in 2024. read more

Eastern Funding Adds Ristaino to Commercial Financing Sales Team

Eastern Funding, a financial lender to laundromats and other businesses, hired Brendan Ristaino as a loan officer on its commercial financing sales team. Ristaino will work with business owners and investors in the industries Eastern Funding serves to help them access financing tailored to their unique business needs. read more

Gordon Brothers Provides $5MM Operating Lease to A&D Solutions Provider

Gordon Brothers provided a five-year operating lease to an aerospace and defense solutions provider for 15 late-model CNC machine tools, which will support the company’s precision manufacturing, fabrication and assembly services for the aerospace, defense and power generation industries. read more

Clarus Capital Arranges $55MM Lease Facility for Multi-Sponsor Business Services Provider

Clarus Capital arranged a combined $55 million U.S. and Canadian lease facility for a multi-sponsor-backed business service provider. The financing proceeds supported strategic growth initiatives, liquidity planning and M&A. read more

More Than 200 Equipment Finance Industry Professionals Attend Amembal’s Latest Leasing Webinar

Sudhir Amembal, an affiliate of Rinaldi Advisory Services and CEO of Amembal & Halladay, conducted a webinar on Feb. 13 entitled "Winning with Leasing!” The one-hour webinar attracted more than 200 equipment finance professionals. read more

Food Logistics Names Fleet Advantage’s Holland, Rickette and Derival Rock Stars of the Supply Chain

Food Logistics named Fleet Advantage’s Brian Holland (president and CEO, John Rickette (vice president of portfolio and manager of the company’s transaction management team) and Tracy Derival (marketing assistant) as three of its 2024 Rock Stars of the Supply Chain Award winners. read more

Old National Bank Hires Thurston as SVP of Corporate Banking

Old National Bank appointed John C. Thurston corporate banking executive and senior vice president of corporate banking. Thurston joined Old National Bank after more than 12 years with Bank of the West/BMO as an area manager and managing director. read more

More Than 50% of Banks Concerned About Dependency on Legacy Technology

According to a survey from Dragonfly Financial Technologies, 53% of banking executives are concerned or very concerned about their current dependency on legacy technology and rising technology debt. read more

Wingspire Capital Agents Senior Secured Revolver for Specialty Finance Company

Wingspire Capital agented a senior secured revolving credit facility for a specialty finance company that offers senior secured loans to consumer products companies. Wingspire Capital agented the facility and brought in Encina Lender Finance as a partner. read more

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