Trustmark Adds Stirnkorb as Equipment Finance Senior Operations Coordinator

Rebecca Stirnkorb joined Trustmark as vice president and equipment finance senior operations coordinator. read more

Monarch Tractor and CNH Industrial Capital Enter Financial Services Agreement

Monarch Tractor, the maker of the MK-V, a fully electric, driver-optional, connected tractor, entered into a new financial services agreement with CNH Industrial Capital America, the captive finance company of CNH Industrial America. read more

BankUnited Adds Evans as Healthcare Practice Leader for Corporate Banking Division

BankUnited hired Craig Evans as senior vice president and enterprise practice leader for healthcare in its corporate banking division. With more than 25 years of experience, Evans joined BankUnited from Citibank in New York City, where he served as a senior healthcare banker. read more

European Auto ABS Market Accelerating Toward Green Energy

According to a report from Kroll Bond Rating Agency UK, there has been an increase in the amount of hybrid and battery electric vehicles included within securitization collateral pools in the European auto market. read more

Arvest Equipment Finance Promotes Uballez to Director of Operations

Arvest Bank promoted Sarah Uballez to director of operations for Arvest Equipment Finance. Uballez previously served as product senior analyst and has more than 15 years of experience in the equipment finance industry. read more

NFS Leasing Extends Financial Support for Velico Medical

NFS Leasing extended its financing support to Velico Medical, a clinical-stage medical and scientific technology company that is working to reduce the number of preventable deaths caused by bleeding. read more

ELFA Releases Agenda for Emergence2023 Leadership Development Program

The Equipment Leasing and Finance Association released the detailed agenda for Emergence2023, which will be held July 13 to July 14 at the Hilton Baltimore Inner Harbor in Baltimore. read more

Mitsubishi HC Capital Canada Provides Floorplan Facility to Transportation Company

Mitsubishi HC Capital Canada, a subsidiary of Mitsubishi HC Capital America, designed a C$15 million ($10.99 million) floorplan financing solution for a transportation solutions provider to expand its physical presence across Canada and maximize its working capital. read more

Inovatec to Exhibit Cloud-Based Lending Solutions at NAF’s Non-Prime Auto Financing Conference

Inovatec Systems, a provider of cloud-based software, will exhibit its loan management platform at the 27th annual National Automotive Finance Association (NAF) Non-Prime Auto Financing Conference. read more

MUFG Adds Yarian as International Business Head of Sales and Trading

Mitsubishi UFJ Financial Group hired Michael Yarian as international business head of sales and trading and regional head of sales and trading for the Americas. Most recently, Yarian held global head of flow rates trading and head of Americas global debt markets roles at HSBC. read more

Aviation Capital Group Delivers A320neo Aircraft to Scandinavian Airlines

Aviation Capital Group delivered one new Airbus A320neo aircraft on long-term lease to Scandinavian Airlines. read more

Used Class 8 Truck Retail Sales Fell 23% in April, Suggesting Softening Demand

According to ACT Research, used Class 8 retail volumes (same dealer sales) declined 23% month over month in April, while average mileage declined by 1%, with average prices down 8% and age up 3%. read more

CLFP Foundation Adds 15 New CLFPs

The Certified Lease & Finance Professional Foundation reported that 15 individuals recently passed the eight-hour online proctored CLFP exam. read more

Truist Financial to Use CME Term SOFR as Replacement Reference Rate for Securities

After June 30, Truist Financial will use CME term SOFR as the replacement reference rate for certain outstanding floating rate and fixed-to-floating rate debt securities and preferred stock that use three-month U.S. dollar LIBOR as the reference rate. read more

USA Today Names Herc Rentals a ‘Climate Leader’

USA Today named Herc Rentals one of America’s Climate Leaders for 2023. The distinction is presented to U.S. companies that achieved reductions in Scope 1 and 2 greenhouse gas emissions intensity, relative to revenue, from 2019 to 2021. read more

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