News

Mitsubishi UFJ Lease & Finance Acquires ENGS Holdings

ENGS Commercial Finance closed on the sale of all shares of ENGS to Mitsubishi UFJ Lease & Finance Company Limited. read more

Boston Financial & Equity Closes $900K Equipment Lease

Boston Financial & Equity closed a $900,000 equipment lease for a startup company that provides service to the agricultural industry. read more

AllTranstek Promotes Dinell to Lead Technical Services Team

AllTranstek promoted James Dinell to vice president, Technical Services. This promotion will allow for the continued focus and growth of this highly specialized segment within AllTranstek’s portfolio of services. read more

ACT Research: NA Class 8 Orders Drop 36% in November

Preliminary North America Class 8 net order data show the industry booked 27,900 units in November, down 36% sequentially from October, but only 15% lower from year-ago November. read more

Monitor Announces First Editorial Board

Monitor, the leading source of news for the equipment finance industry, announced the members of its very first Editorial Board. read more

Wells Fargo Equipment Finance Promotes Dore to Chief Credit Officer

Dore, a 25-year industry veteran brings strong risk-management experience to the chief credit office role for Wells Fargo Equipment Finance. read more

Orion First Welcomes Riggs to the Business Development Team

Orion First hired Kim Riggs, formerly vice president of Business Development at Snap Advances, as a member of its business development team. read more

Onset Financial Hires Veteran Sales Specialist Shoemaker

Onset Financial hired Holly Shoemaker as a vice president of Sales. Shoemaker brings more than 20 years of experience to the Onset Team. read more

Verdant Selects Ivory’s SuperTRUMP to Support Lease Pricing

Verdant Commercial Capital selected Ivory Consulting’s SuperTRUMP solution to support the modeling and pricing of the after-tax and renewable-energy leases the company structures for its customers. read more

Education Grants Available for Equipment Finance Professionals

The Chris Walker Education Fund Board of Trustees is now accepting grant requests until the application deadline of January 31, 2019. read more

Wintrust CEO Phillips Elected to ELFA Steering Committee

Kirk S. Phillips, president and CEO of Wintrust Commercial Finance, has been selected to serve as chairman on the ELFA Financial Institutions Business Council Steering Committee. read more

ACT: North American Commercial Vehicle Production Continues to Grow

Class 8 production is expected to continue its growth trend into 2019, but changes in demand for straight trucks and tractors will impact the type of diesel engines ordered, according to ACT Research. read more

Wintrust Commercial Finance Adds Crompton to Capital Markets Team

Wintrust Commercial Finance announced that Andre Crompton joined the company’s Capital Markets group, serving as senior vice president of Indirect Originations. read more

Equitable Group to Acquire Bennington Financial Equipment Finance Co

Equitable Group reached an agreement to acquire Bennington Financial Services, a profitable and growing privately owned company serving the brokered equipment leasing market in Canada. read more

Police Search Deutsche Board’s Offices on Money Laundering Allegations

Reuters reported that police searched the offices of all Deutsche Bank board members in connection with allegations linked to the Panama Papers. read more

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Terry Mulreany
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