Reuters reported that First Citizens Bank filed a lawsuit against HSBC after it hired “dozens” of former Silicon Valley Bank employees in April. According to Reuters, First Citizens is alleging that HSBC “violated federal law by hiring away the workers.” read more

MAY 23, 2023 - 7:00 am

Northern Trust appointed Patrick Cowan chief banking officer for the west region, where he will lead the strategic direction and execution of the banking business to accelerate growth in the region. Most recently, Cowan was the chief banking officer for Ascent Private Capital Management and U.S. Bank. read more

MAY 23, 2023 - 6:59 am

Peapack-Gladstone Financial and Peapack-Gladstone Bank appointed John P. O’Gorman senior vice president and head of special assets at Peapack-Gladstone Bank. He will be managing various workout situations and processes for the bank at its headquarters in Bedminster, NJ. read more

MAY 23, 2023 - 6:57 am

Michael B. Kaufman joined Moritt Hock & Hamroff as a partner and chair of the firm’s tax practice group, while Brian C. Daughney joined as a partner in the firm’s corporate, M&A and securities practice group and Murray D. Schwartz joined as senior counsel. read more

MAY 23, 2023 - 6:55 am

CIT Northbridge Credit, as advised by CIT Asset Management, provided $45 million to refinance and upsize a secured credit facility for Tubular Synergy Group, a privately held sales, marketing and supply chain services distributor. read more

MAY 23, 2023 - 6:51 am

AerCap signed lease agreements for two used Boeing 737-8 MAX aircraft with ASKY, a pan-African airline headquartered in Togo. The aircraft are scheduled to deliver between June and August. read more

MAY 23, 2023 - 6:48 am

Volvo Trucks signed a letter of intent to sell 1,000 electric trucks between now and 2030 to Holcim, a provider of building solutions headquartered in Switzerland. read more

MAY 23, 2023 - 6:45 am

Brian Hutchison joined First Financial Equipment Leasing as senior vice president to spearhead the company’s expansion into the construction and industrial equipment segment. read more

MAY 22, 2023 - 7:17 am

The Equipment Leasing and Finance Association selected Christopher A. Enbom, CEO and chairman of AP Equipment Financing, to receive its 2023 David H. Fenig Distinguished Service in Advocacy Award. Enbom will be recognized at the ELFA’s Capitol Connections event on May 24. read more

MAY 22, 2023 - 7:15 am

In a recent report, Global Jet Capital projected $195 billion in total business aviation transaction volume for both new and pre-owned transactions between 2023 and 2027 with a compound annual growth rate of 3.1%. read more

MAY 22, 2023 - 7:13 am

Despite economic uncertainties around inflation, labor issues and a looming recession, more than 80% of franchisors anticipate an increase in franchise sales in 2023, according to a new study released by the Equipment Leasing & Finance Foundation. read more

MAY 22, 2023 - 7:12 am

Clarus Capital completed a new $25 million lease facility for a sponsor-backed precision components manufacturer. The financing proceeds will support the installation of new production equipment across multiple facilities. read more

MAY 22, 2023 - 7:11 am

According to the Equipment Leasing and Finance Association, Wright Law Group promoted Jared Rougeau to partner and director of nationwide litigation. read more

MAY 22, 2023 - 7:10 am

Boeing received orders for up to four ultra-long-range Boeing Business Jets, including two BBJ 787-8s, one BBJ 737-7 jet and an option to purchase a BBJ 777-9, to undisclosed customers. read more

MAY 22, 2023 - 7:08 am

Mid Penn Bancorp completed its acquisition of Brunswick Bancorp. The combined stock and cash transaction was valued at approximately $43.7 million and will extend Mid Penn’s footprint into Middlesex and Monmouth counties in central New Jersey. read more

MAY 22, 2023 - 7:06 am