News

Encina Private Credit Expands Capital Base, Hires Hensinger as President and CCO

Encina Private Credit expanded its capital base with $500 million in incremental capital commitments. In connection with the significant expansion of its capital base, Encina Private Credit also hired Michael Hensinger as its president and chief commercial officer. read more

First Internet Bank Appoints DePasquale VP, Senior Business Development Officer for SBA Lending

First Internet Bank appointed Paul DePasquale to its Small Business Administration lending team as vice president and senior business development officer. DePasquale was most recently vice president and SBA specialist for Gulf Coast Small Business Lending. read more

Skyservice Business Aviation Appoints Dubay Chief of Staff

Skyservice Business Aviation, a North American business aviation company, appointed Ty Dubay chief of staff. This new position at Skyservice will provide added support to the company's strategic growth objectives and expansion plans.  read more

Sandhills to Host Global Forum from Aug. 9 to Aug. 10

Sandhills Global will host its Sandhills Global Forum in Lincoln, NE, from Aug. 9 to Aug. 10 for hundreds of professionals from across the agriculture, commercial trucking, construction, heavy machinery and aviation industries. read more

Customers Commercial Finance Launches SMB Vertical, Adds New Hires

Customers Commercial Finance launched a SMB vertical and hired Jason Adler as head of sales, Mike O’Connell as head of credit and portfolio management, Scott Keenan as head of product innovation and Jennifer Oleniak as senior operations manager to support the new division. read more

Ascentium Capital Achieves 34.3% Y/Y Increase in Financed Volume in Q2/22

Ascentium Capital achieved $480.8 million in financed volume and experienced a company record number of applications and approvals in Q2/22, exceeding Q2/21 volume by $122.9 million or 34.3%. read more

ELFA Unveils ‘Career Pathways’ to Provide Roadmap to Success in Equipment Finance

The Equipment Leasing and Finance Association unveiled Career Pathways, a comprehensive list of the training, events, resources and volunteer opportunities offered by the association, organized into specific “career roadmaps.” read more

Beam Global and Volvo Partner to Offer Off-Grid EV Charging for Construction Equipment

Beam Global partnered with Volvo Construction Equipment to bundle Beam EV ARC off-grid charging systems with the purchase of Volvo electric equipment. Volvo Financial Services can be utilized to lease or finance the bundled EV ARC and compact electric machines. read more

CIT Northbridge Credit Adds Lederman as Managing Director for Business Development

CIT named Randy Lederman a managing director for business development activities across the Northeast for CIT Northbridge Credit. Based in New York, Lederman will be responsible for sourcing new asset-based loan opportunities from $15 million to $150 million. read more

Groom Williams Joins Truist as Head of DE&I

Dominica Groom Williams joined Truist as head of diversity, equity and inclusion. Groom Williams will be responsible for leading bank-wide strategic inclusion and diversity initiatives, reporting to Kimberly Moore-Wright, chief teammate officer and head of enterprise diversity. read more

Hoppe to Retire as Chicago Region President at Fifth Third, Heckler Chosen as Successor

Hoppe, Chicago region president at Fifth Third Bank, plans to retire at the end of the year following a 45-year career in the banking industry. Mark Heckler, a senior commercial banker at Fifth Third, will succeed Hoppe. read more

CDB Aviation Delivers Boeing 737-800 to Corendon Airlines Europe

CDB Aviation, a wholly-owned Irish subsidiary of China Development Bank Financial Leasing, delivered one Boeing 737-800 to Corendon Airlines Europe, a Corendon Airlines charter subsidiary based in Malta. read more

Monitor to Launch “Monitor Suite,” a Subscription Platform for Exclusive Equipment Finance Content

Monitor introduced Monitor Suite, the preeminent subscription platform for exclusive premium equipment finance industry content, which will launch Aug. 9. Featuring high quality streaming video series, a library of in-depth data reports, members-only events and livestreams and much more, Monitor Suite is open for pre-registration at a special introductory annual rate of $99 for a limited time. read more

ELFA: June New Business Volume Down 1% Y/Y, Up 10% M/M

According to the Equipment Leasing and Finance Association’s Monthly Leasing and Finance Index (MLFI-25), overall new business volume for June was $10.3 billion, down 1% year over year from June 2021 and up 10% from $9.4 billion in May. read more

Truist Equipment Finance Adds Rogero as Director of CCB Originations

Gene Rogero joined Truist Equipment Finance as director of CCB originations. Rogero has more than 30 years of equipment finance experience specializing in the municipal, higher-education and healthcare segments.  read more

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Terry Mulreany
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