News

Cadence Bank Hires Former Google DE&I Leader as Chief Diversity Officer

Cadence Bank appointed Jerrell Moore executive vice president and chief diversity officer. Moore joined Cadence Bank from Google, where he helped lead the execution and delivery of the company’s diversity, equity and inclusion strategy for Google Cloud. read more

US Cutting Tool Orders Increased 14.9% Y/Y in March

According to the U.S. Cutting Tool Institute and the Association for Manufacturing Technology, March 2023 U.S. cutting tool consumption totaled $225.6 million, which was up 14.6% compared with February and 14.9% on a year-over-year basis. read more

US Bank Promotes Ford to President of Wealth Management

U.S. Bank promoted Scott Ford to president of wealth management, succeeding Mark Jordahl, who will retire this summer. Previously, Ford led U.S. Bank’s affluent wealth management business and U.S. Bancorp Investments’ financial advisors. read more

First Citizens Provides $30MM Financing for Amavida Living Community in Florida

First Citizens Bank’s healthcare finance group, part of the CIT division, provided $30 million to refinance the Amavida Living Community in Fort Myers, FL. read more

XS Financial Expands into Non-Cannabis Industries and Forms Capital Markets Desk

XS Financial, an equipment finance company for the cannabis industry in the United States, will expand into the broader market by extending its financing services to non-cannabis companies. This effort will be led by XS Financials' newly formed capital markets desk. read more

Pinnacle Financial Partners Hires Schaefer as Financial Advisor for Equipment Finance Team

Pinnacle Financial Partners hired Greg Schaefer as a financial advisor for its equipment finance team. Schaefer most recently worked as a senior vice president for One Florida Bank and was also previously employed as a territory manager for Wells Fargo. read more

CSI Leasing Subsidiary EPC Expands Operations in Colombia

EPC, a subsidiary of CSI Leasing and provider of IT asset disposition (ITAD) services, recently expanded operations in South America and opened a facility in Bogotá, Colombia. read more

FGI Hires Bower to Expand Proprietary Credit Insurance Monitoring Software in Europe

FGI Worldwide hired Paul Bower as director of FGI Technology. Based in London, Bower will be responsible for expanding FGI’s proprietary credit insurance monitoring software, T.R.U.S.T, throughout the UK and Europe. read more

US Bank to Transition Securities From LIBOR to SOFR After June 30

After June 30, U.S. Bank will replace three-month LIBOR with three-month CME term SOFR as the reference rate for certain outstanding floating rate or fixed-to-floating rate debt securities, preferred stock represented by depositary shares, income trust securities and preferred stock. read more

CDB Aviation Delivers China’s First A330 P2F Aircraft on Lease to Sichuan Airlines

CDB Aviation, a wholly-owned Irish subsidiary of China Development Bank Financial Leasing, announced the re-delivery of China’s first-ever converted Airbus A330-300 passenger-to-freighter aircraft on lease to Sichuan Airlines. read more

Fifth Third Bank Completes Acquisition of Big Data Healthcare

Fifth Third Bank completed the acquisition of Big Data, a technology solutions provider for healthcare payments and remittance. The acquisition was made by an indirect wholly-owned subsidiary of Fifth Third Bank and financial terms were not disclosed. read more

US Freight Cycle Near Bottom as Capacity Begins to Tighten

According to the latest release of the ACT Research’s Freight Forecast, U.S. Rate and Volume Outlook report, the freight cycle remains clearly weak but there are rays of light at the end of the tunnel. read more

Mitsubishi HC Capital America Enhances Commercial Finance Capabilities

Mitsubishi HC Capital America is expanding the depth and scope of its commercial finance solutions to fully encompass both the front and back end of the enterprise value chain.  read more

Rinaldi Advisory Services Partners with MAI Technology Solutions

Rinaldi Advisory Services is partnering with MAI Technology Solutions as its latest RAS Alliance Partner to optimize technology strategy in the equipment leasing and finance industry. read more

Kennet Equipment Leasing Implements Leasepath’s Platform

Kennet Equipment Leasing, a UK-based equipment finance company that is part of the Star Asset Finance network, implemented Leasepath’s true cloud platform across its entire enterprise. read more

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Terry Mulreany
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