News

Mid Penn Bancorp Hires Johnson as CFO

Mid Penn Bancorp, the parent company of Mid Penn Bank, appointed Allison Johnson senior executive vice president and CFO. Johnson most recently served as the CFO of Spirit of Texas Bank in Conroe, TX. read more

Regions Names Peters Chief Transformation Officer, Danella Head of Consumer Banking

Regions Bank named Scott Peters chief transformation officer and Kate Danella head of its consumer banking group. Peters and Danella are members of Regions’ executive leadership team and will continue to report to John Turner, president and CEO of Regions Financial. read more

Castlelake Appoints Kelleher Aviation CFO

Castlelake, an alternative investment firm with 16 years of tenure investing in, financing and managing aviation assets, appointed Ronan Kelleher managing director and CFO of aviation. read more

CIT Arranges $714MM for Thermal Generation Assets Managed by Middle River Power

CIT’s power and energy business served as coordinating lead arranger on $714 million in financing for a portfolio of thermal generation assets in California. The proceeds will be used to refinance a 1.8-gigawatt portfolio managed by Middle River Power. read more

Dynamic Capital Equipment Finance Grows Funding Facility by $200MM

Dynamic Capital Equipment Finance closed a $200 million committed funding facility with MOVE Trust and the committed MOVE Trust note investor, BDC. read more

M&T Bank Increases ABLE Equipment Rental’s ABL to $175MM

ABLE Equipment Rental increased its existing asset-based loan with M&T Bank as lead arranger and administrative agent. The $175 million facility is now comprised of a $125 million revolving line of credit along with the original $15 million term loan facility. read more

CleanCapital Secures $200MM Credit Facility from Rabobank

CleanCapital closed a credit facility of up to $200 million to support its pipeline of distributed solar and energy storage projects. Rabobank will act as mandated lead arranger, administrative agent and collateral agent for the facility. read more

Ritchie Bros. Sells More Than 5K Agricultural Items at Farm Auctions in March and April

Ritchie Bros. conducted 45 farm auctions in March and April through its timed auction technology, selling more than 5,000 agricultural items, including more than 70 combines, 60 air drills, 50 4WD tractors and 120 parcels of farmland. read more

FIS Develops Embedded Finance Offering with Treasury Prime

FIS developed a new embedded finance offering in partnership with Treasury Prime to help financial institutions meet the growing need for digitally-native banking experiences. read more

United Rentals Invests in Ford Electric Trucks for North American Fleet

United Rentals entered a new agreement with Ford Pro to purchase all-electric vehicles for its North American rental and company fleets. The agreement initially includes orders for 500 F-150 Lightning trucks and 30 E-Transit vans, with 120 of the trucks and all 30 vans to be delivered in 2022. read more

Mid Penn Bank Names Space EVP, Chief Corp. Development Officer

Mid Penn Bank, a wholly-owned subsidiary of Mid Penn Bancorp, appointed Jordan Space executive vice president and chief corporate development officer on April 18. read more

Honour Capital Adds Gauger and Munz to Leadership Team

Honour Capital expanded with John Gauger as director of capital markets, and Rob Munz, VP of sales, to their team. Honour Capital now has a team of 25 professionals with headquarters in Minneapolis and regional offices in Pennsylvania, Florida, and Ohio. read more

Small Business Lending Approval Rates Inched Upward in April

Small business loan approval percentages at big banks (more than $10 million in assets) rose from 14.9% in March to 15.1% in April, and approval at small banks (under $10 billion in assets) also increased, rising from 20.6% in March to 20.8% in April, according to Biz2Credit. read more

Trinity Capital Provides $30MM Equipment Financing Line to Aledia

Trinity Capital, a provider of debt and equipment financing to venture capital-backed companies, closed a $30 million equipment financing line for Aledia, a LED technology company that develops and manufactures next-generation microLED displays. read more

Fifth Third Completes Acquisition of Dividend Finance

Fifth Third Bancorp closed its acquisition of Dividend Finance, a financial technology point-of-sale (POS) lender that provides financing solutions for residential renewable energy and sustainability-focused home improvement. read more

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Terry Mulreany
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