ELFF Raises GDP Forecast to 1.6%, Drops Equipment Investment Expectations for 2023

The Equipment Leasing & Finance Foundation raised its annual U.S. GDP forecast to 1.6% but decreased its annual estimate for equipment and software investment growth to 0.9% in the third quarter update to its 2023 Equipment Leasing & Finance U.S. Economic Outlook. read more

North Star Leasing Implements Tamarack’s TrailView Customer Service Portal

North Star Leasing, a division of Peoples Bank, partnered with Tamarack Technology on the implementation of Tamarack’s TrailView Customer Service Portal, which will provide North Star Leasing’s customers with 24/7 access to account information. read more

Fortune Names First American Equipment Finance a Top Workplace for Millennials

Fortune and Great Place to Work honored First American Equipment Finance as one of this year’s Best Workplaces for Millennials in the fewer than 1,000 full-time employees category. This is First American’s seventh time being named to the list, ranking No. 41 this year.  read more

Great Lakes Asset Solutions Expands Leadership Team with New Appointments

Great Lakes Asset Solutions, a provider of repossession services on commercial accounts, announced several significant changes to its leadership team, promoting Anthony Garver to president and hiring Nick Walker as the direct of sales and marketing. read more

Barclays Appoints New Senior Hires for Sustainable and Impact Investing Team

Barclays added three new senior hires for its corporate and investment bank, adding Arnoud Boksteijn, Cindy Quan and Bogdan Oprea to its sustainable and impact investing team. read more

UMB Appoints New Leadership for Institutional Banking Division

UMB Financial appointed Phil Mason to the role of president of institutional banking and chose Brian Hutchin to fill Mason’s prior role as director of UMB Healthcare Services. read more

Willis Lease Finance Undertakes Power-to-Liquid Sustainable Aviation Fuel Project

Willis Lease Finance, a lessor of commercial aircraft engines and a provider of global aviation service operations for more than 45 years, launched a project to develop and produce power-to-liquid sustainable aviation fuel. read more

June Used Truck Market Enjoys Historically Expected Sales Gains

According to the latest preliminary release of ACT Research’s State of the Industry: U.S. Classes 3-8 Used Trucks report, preliminary Class 8 same dealer used truck retail sales volumes improved again in June, rising 4% month over month. read more

Monitor Launches GE Capital Documentary Exclusively for Monitor Suite Platform

Monitor Suite released its blockbuster documentary series, GE Capital’s Legend & Legacy: The Documentary, today. The four-part series delves into the entire legend of GE Capital, from its roots, rapid ascent, long-term dominance, stunning decision to exit equipment finance and beyond.  read more

ELFA Survey Reports 6.3% Increase in New Business Volume in Equipment Finance in 2022

The equipment industry increased new business volume by 6.3% in 2022, according to the 2023 Survey of Equipment Finance Activity (SEFA) from the Equipment Leasing and Finance Association. This result is a modest decrease from the industry’s growth of 7.4% in 2021. read more

Maxim Commercial Capital Reports 300% Y/Y Increase in Funded Deals in Q2/23

Maxim Commercial Capital reported nearly 300% more funded deals in Q2/23 than in the same period in 2022, despite broader economic headwinds and rising interest rates. read more

First Business Bank Chooses Odessa’s Platform to Support Digital Transformation

First Business Bank selected Odessa’s suite of solutions to bolster its digital transformation journey. To support its equipment finance business, First Business Bank will implement Odessa Core Originations and Servicing, Customer Portal, and Insights through Odessa Cloud. read more

Flushing Bank Acquires Former Signature Bank Real Estate Lending Team

Flushing Financial, the parent holding company for Flushing Bank, acquired a commercial real estate lending team from the former Signature Bank. read more

First Citizens Bank Arranges $70.4MM in Energy Financing for Jupiter Power

First Citizens Bank’s energy finance group, part of the CIT division, served as the coordinating lead arranger on a $70.4 million construction and term loan financing facility for two standalone Jupiter Power battery energy storage projects in Texas. read more

Crossroads Equipment Lease and Finance Expands into Irving, TX

Crossroads Equipment Lease and Finance, a provider of transportation financing solutions, opened a new office in Irving, TX. This latest development is part of Crossroads' strategic growth plan to strengthen its position in the trucking industry and extend its national footprint. read more

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