Biz2Credit and Add SBA 7(a) Loans to Funding Portal

Biz2Credit and introduced a new SBA 7(a) lending option to the CPA Business Funding Portal, a cloud-based platform that supports accounting firms in securing business financing options for clients. read more

Peoples Bancorp Elects Hogan to Board of Directors

Peoples Bancorp elected W. Glenn Hogan to its board of directors. Hogan formerly served as chairman of the board of directors of Limestone Bancorp until Limestone was acquired by Peoples on April 30. read more

Stratolaunch Gets Bankruptcy Court Approval to Acquire Modified Boeing 747 from Virgin Orbit

Stratolaunch received approval from the U.S. Bankruptcy Court for the District of Delaware to acquire Virgin Orbit's modified Boeing 747 and its related parts and equipment, marking an expansion of Stratolaunch's air-launch fleet. The acquisition is expected to close by July 31. read more

Malaysia’s SKS Airways Signs Lease Agreement for 10 Embraer E195-E2s

Malaysia's SKS Airways selected the Embraer E195-E2 to drive its growth plans, entering into a lease agreement with Azorra for 10 E195-E2s at a signing ceremony at the Langkawi International Maritime & Aerospace Exhibition. read more

Textron Aviation Completes 100th Cessna Citation Longitude Production Unit

Textron Aviation completed the 100th production unit of its Cessna Citation Longitude business jet, with the aircraft expected to be delivered later this year. read more

AP Equipment Financing Expands Management Team with Recent Hires

AP Equipment Financing, a provider of specialized equipment financing, appointed Jenifer Santoro senior vice president of business development and sales, Rena Waples floorplan operations manager, Melanie Rudiger, CLFP, docs and funding manager and Diana Crews asset manager. read more

First Citizens Cuts Staff Brought Over in Silicon Valley Bank Acquisition

According to Axios, following its acquisition of Silicon Valley Bank out of FDIC receivership at the end of March, First Citizens Bank fired approximately 500 employees brought over as part of the acquisition this week. read more

NEFA Raises More Than $25K for Operation Open Water During Fashion Show Charity Event

The National Equipment Finance Association raised $25,340 at its fashion show charity event on March 21, which was held as part of the association’s 2023 Finance Summit in San Diego. The charity event raised funds for Operation Open Water. read more

River City Bank Names Fabisch Miller EVP and Commercial Banking Director

River City Bank named Rebecca Fabisch Miller executive vice president and commercial banking director. In this role, Fabisch Miller will focus on providing services to the bank's middle-market commercial clients. read more

GAMA Reports Increase in Aircraft Unit Deliveries Across Most Segments in Q1/23

According to the General Aviation Manufacturers Association, the aircraft manufacturing industry’s results for the first three months of 2023, when compared to 2022, point to increasing aircraft unit deliveries across most aircraft segments. read more

NETSOL Technologies Appoints Lewis Managing Director of European Division

NETSOL Technologies, a global business services and enterprise application solutions provider, appointed Darryll Lewis managing director of NETSOL Technologies Europe. read more

Aviation Capital Group Delivers Airbus A321neo to Frontier Airlines

Aviation Capital Group delivered one new Airbus A321neo aircraft on long-term lease to Frontier Airlines. read more

WesBanco Bank Promotes Klick to President of Upper Ohio Valley Market

WesBanco Bank promoted David Klick to president of the upper Ohio Valley market and senior commercial banker for the bank. In his new role, Klick will oversee strategic direction, business development, client relationships and initiatives supporting communities in the upper Ohio Valley. read more

Equipment Finance New Business Volume Down 8% Y/Y in April

According to the Equipment Leasing and Finance Association’s Monthly Leasing and Finance Index, overall new business volume in the industry for April was $9.7 billion, down 8% year over year and 7% month over month.   read more

DLL Closes Second US Securitization Transaction of 2023 at $850MM

DLL closed DLLMT 2023-1, the company’s second U.S. securitization transaction this year, issuing notes totaling $850 million. The transaction was rated F1+/P-1 or AAA/Aaa by Fitch Ratings and Moody’s, respectively. read more

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