News

Crestmark Adds Flamang and Aurelia to Business Development Team

Richard Flamang and Ralph Aurelia joined Crestmark, the commercial finance division of MetaBank, as business development team members for the company’s working capital group. read more

TIP Trailer Services Acquires Trailer Leasing and Maintenance Business of Ryder Ltd

TIP Trailer Services, a provider of trailer leasing, rental, maintenance and repair in Europe and Canada, signed an agreement with Ryder to acquire the trailer leasing and maintenance business of Ryder Ltd in the UK. read more

Byline Bancorp Appoints Hugues Vélez to Board, Rull to Retire

Byline Bancorp appointed Margarita Hugues Vélez to the boards of directors of both Byline Bancorp and its subsidiary, Byline Bank, effective immediately. In addition Steven M. Rull will be retiring from the board in June. read more

1st Source Elects Torres to Board of Directors, Re-Elects Murphy, Fitzpatrick and Affleck-Graves

1st Source, the parent company of 1st Source Bank, elected Isaac P. Torres to its board of directors. The company also re-elected John F. Affleck-Graves, Daniel B. Fitzpatrick and Christopher J. Murphy IV to the board. read more

First BanCorp Releases Inaugural Environmental, Social and Governance Report

First BanCorp, the bank holding company for FirstBank Puerto Rico, released its inaugural environmental, social and governance report for 2021. In addition, First BanCorp’s board of directors approved the company’s sustainability policy. read more

Blue Ridge Bankshares to Eliminate Single-Use Plastics by 2024

Blue Ridge Bankshares, the holding company of Blue Ridge Bank and BRB Financial Group, intends to phase out single-use plastics as part of its commitment to carbon neutrality by 2040. This policy will transition the company away from single-use plastic item by the end of 2024. read more

ACT Research: February’s Tractor Dashboard Extends Steep-Pitched Decline of January

According to ACT Research’s recently released Transportation Digest, the top line on ACT’s Tractor Dashboard in February extended the steep-pitched decline of January, taking the dashboard top line tally from double digits in January to zero. read more

STRIPES Leadership Names Blair Dawson Executive Director and General Manager

Blair Dawson joined STRIPES Leadership Program as executive director and general manager. Dawson will work closely with CEO, Lisa Rafter, to establish and implement strategy for existing and future programs. read more

ELFA Appoints Quigley VP of Finance and Administration

Jeff Quigley joined the Equipment Leasing and Finance Association as vice president and administration on March 31. Quigley succeeds Paul Stilp, who recently retired after serving as a member of the ELFA staff for 18 years. read more

M&T Bank’s Commercial Equipment Finance Appoints Roussos-Smith as Assistant General Counsel

Kelli Roussos-Smith has joined M&T Bank’s Commercial Equipment Finance as assistant general counsel. Roussos-Smith comes to M&T with 12 years of experience in the equipment finance industry. read more

Supply Chain Order Volumes Tumble and Late Payments Derail Post-Covid Recovery

War in Ukraine and lockdowns in China have sent global order volumes tumbling in the first three months of 2022 according to new data from Tradeshift, a B2B payments network connecting commerce across supply chains. read more

Ritchie Bros: U.S. April Truck Tractor Prices up 58% Y/Y

With its April Market Trends Report, Ritchie Bros. continues to show year-over-year price inflation for all major equipment categories with truck tractor prices leading the way, up 58% in the United States and 50% in Canada. read more

Transervice Ranks No. 30 on Transport Topics Top 100 List

Transervice Logistics ranked No. 30 in Transport Topics’ annual Top 100 list of the largest third-party logistics companies competing in North America based on gross revenue for the most recent 12-month period. read more

CIT Northbridge Provides $145MM Credit Facility to Natural Gas Compression Systems

CIT Northbridge Credit, as advised by CIT Asset Management, served as sole lead arranger on a $145 million credit facility for Natural Gas Compression Systems. read more

Penske Truck Leasing Opens New Facility in Washington

Penske Truck Leasing opened a new facility in Everett, WA. It is the first new build by the company in the state of Washington. The new facility serves a much greater capacity within its existing market. read more

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Terry Mulreany
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