News

Avidbank Sees Net Income of $3.18MM for Q2/2019

Avidbank saw unaudited consolidated net income of $3.183 million for the second quarter of 2019 compared to $2.666 million for the same period in 2018. read more

CIT Leads $204.5MM Financing for Texas Solar Project

CIT Group’s Power and Energy business served as coordinating lead arranger for $204.5 million in debt financing to support construction of Holstein Solar, a 200-megawatt solar farm. read more

Mackenzie Joins TAB Bank Business Development Team

TAB Bank added Gina Mackenzie to its business development team as vice president and business development officer. read more

CARBO Amends Credit Facility with Wilks Brothers, Equify

CARBO Ceramics entered into an amended credit agreement with the Wilks Brothers and a promissory note with its affiliate, Equify Financial. read more

CIT Expands Asset Management Capabilities

CIT Group expanded its investment management and advisory capabilities to provide increased capacity and flexibility to finance private equity sponsor-owned middle market companies across a diverse range of industry sectors. read more

ELFA Releases Its 2019 Software Guide

The Equipment Leasing and Finance Association released the 2019 ELFA Software Guide showcasing the leading software solutions for the equipment finance industry. read more

FASB Votes to Extend CECL Implementation for Some Lenders

The Wall Street Journal reported that the FASB has proposed to extend by three years the implementation deadline of CECL for small public lenders, private lenders and nonprofits. read more

Pawnee Leasing Receives New Facility from Sun Life

Sun Life Assurance Company of Canada closed a new funding facility with Chesswood Group’s subsidiary Pawnee Leasing. read more

Liberty Commercial Finance Sees Record Volume in H1/2019

Liberty Commercial Finance has established a new volume record in the first half of 2019 with $131.8 million funded, a 304% increase over the same period in 2018. read more

ACT Research For-Hire Trucking Index: Weak Finish to Q2

The June data in ACT Research’s latest For-Hire Trucking Index showed nearly across-the-board declines, with capacity again the lone exception. read more

BOC Aviation Delivers Airbus A330-900neo to Lion Air

BOC Aviation delivered its first Airbus A330-900neo aircraft to Lion Air. read more

Stowe Joins CSC Leasing Company as Regional Director in Atlanta

CSC Leasing Company, a provider of equipment and technology leasing options, hired Jordan Stowe as a regional director to support its growth in the Southeast Region. read more

SMBC Launches Global Aviation Equipment Leasing Fund

SMBC Aviation Capital launched GAEL, a closed-end fund which has raised equity capital from 17 Japanese institutional investors and a secured debt financing from an internationally recognized bank. read more

TriGrow Launches Equipment Financing Product for Cannabis Operators

TriGrow Systems, an end-to-end cannabis cultivation solutions provider, launched TriGrow Capital, a division to help operators finance both capital and technology resources. read more

Signature Bank Reports 2019 Second Quarter Results

Signature Bank reported its results for the second quarter of 2019, which included a net income of $147.9 million versus $154.6 million for Q2/2018. read more

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