News

MUL Railcars Adds 10,000th Railcar to Fleet

MUL Railcars, a subsidiary of Mitsubishi UFJ Lease & Finance Company, reached a significant milestone in the company's growth by adding the 10,000th railroad car to its expanding fleet of new cars for lease. read more

Crestmark Provides $37.4MM+ in Financing to 74 Businesses in H2/November

Crestmark provided more than $37.4 million in financing to 74 businesses in the second half of November. read more

Vedder Price Represents DLL in $1B+ Securitization

Vedder Price advised DLL in its closing of DLL 2018-2, an equipment securitization transaction involving the issuance of more than $1 billion of asset-backed notes. read more

CIT Names Rubino President of CIT Bank, Head of Commercial Banking

CIT Group announced that Robert Rubino was named president of CIT Bank and head of Commercial Banking, effective February 25. read more

Signature Bank Receives Regulatory Approval for Blockchain Solution

Signature Bank unveiled a new digital payments platform that will leverage blockchain technology. New York State regulators have approved the platform for use and deposits made through it will be FDIC insured. read more

GE Vet Soto Promoted to Webster Chief Credit Officer

Webster Bank promoted Jason Soto has been promoted to senior vice president, chief credit officer. read more

Triton Enters New $1B Term Loan Facility with PNC, ING, MUFG

Triton Container International entered into a $1 billion term loan facility led by PNC Capital Markets, ING Belgium and MUFG Bank as joint lead arrangers. read more

Mitsubishi UFJ Lease & Finance Acquires ENGS Holdings

ENGS Commercial Finance closed on the sale of all shares of ENGS to Mitsubishi UFJ Lease & Finance Company Limited. read more

Boston Financial & Equity Closes $900K Equipment Lease

Boston Financial & Equity closed a $900,000 equipment lease for a startup company that provides service to the agricultural industry. read more

AllTranstek Promotes Dinell to Lead Technical Services Team

AllTranstek promoted James Dinell to vice president, Technical Services. This promotion will allow for the continued focus and growth of this highly specialized segment within AllTranstek’s portfolio of services. read more

ACT Research: NA Class 8 Orders Drop 36% in November

Preliminary North America Class 8 net order data show the industry booked 27,900 units in November, down 36% sequentially from October, but only 15% lower from year-ago November. read more

Monitor Announces First Editorial Board

Monitor, the leading source of news for the equipment finance industry, announced the members of its very first Editorial Board. read more

Wells Fargo Equipment Finance Promotes Dore to Chief Credit Officer

Dore, a 25-year industry veteran brings strong risk-management experience to the chief credit office role for Wells Fargo Equipment Finance. read more

Orion First Welcomes Riggs to the Business Development Team

Orion First hired Kim Riggs, formerly vice president of Business Development at Snap Advances, as a member of its business development team. read more

Onset Financial Hires Veteran Sales Specialist Shoemaker

Onset Financial hired Holly Shoemaker as a vice president of Sales. Shoemaker brings more than 20 years of experience to the Onset Team. read more

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Terry Mulreany
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