FGI Hires Fagan as Associate Director of Business Development

FGI hired Kasey Fagan (Krum) as an associate director of business development. Based out of the company’s Chicago office, Fagan will be responsible for originating new business opportunities for FGI’s asset-based lending business throughout the Midwest marketplace. read more

Fleet Advantage’s Dolch Achieves CTP Accreditation

Kristopher Dolch, vice president of strategic fleet solutions at Fleet Advantage, achieved his National Private Truck Council (NPTC) Certified Transportation Professional (CTP) certification. The accreditation was presented to Dolch at the NPTC’s annual conference this week in Orlando, FL. read more

Republic Bank Begins Phased Relocation Plan in Louisville, KY

Republic Bank is beginning a phased relocation plan by moving associates from two east end offices in Louisville, KY, into the its Republic Plaza offices in downtown Louisville, KY. These moves are expected to be fully complete by mid-2024. read more

Legacy Corporate Lending Launches as New ABL Shop with Investment from Bain Capital Credit

Legacy Corporate Lending, a new asset-based lending company, launched today as an independent lender focused on serving the needs of middle-market companies across North America. Funds managed by a subsidiary of Bain Capital Credit supported the launch with an equity investment. read more

ELFA Names Shah and Weinberg Winners of Edward A. Groobert Award of Legal Excellence

The Equipment Leasing and Finance Association awarded Moorari K. Shah, partner at Sheppard Mullin Richter & Hampton, and Ken Weinberg, partner at Rimon, the Edward A. Groobert Award for Legal Excellence. read more

Stonebriar Commercial Finance Completes $100MM Construction Financing and Long-Term Lease

Stonebriar Commercial Finance closed on $100 million in construction financing and a long-term lease on new passenger rail cars to support a lessee's further expansion to service its customer base. read more

CIT Commercial Services Appoints New Chief Strategy Officer

CIT Commercial Services appointed Tom Fingleton chief strategy officer. Fingleton was previously Northeast regional manager, a role that will now be filled by Amna Mahmood, who was formerly national underwriting manager. Daniel Goll will replace Mahmood.  read more

Northteq Introduces Upgrades for Suite of Loan Origination Products

Northteq, a provider of Salesforce loan origination solutions, announced more than 60 updates and upgrades to its suite of loan origination products. With the latest feature updates, Northteq is taking a step toward eliminating email from lending by streamlining the application process. read more

Blue Ridge Bank Appoints Beale CEO

Blue Ridge Bankshares, the holding company of Blue Ridge Bank and BRB Financial Group, appointed G. William Beale CEO of the bank, effective immediately. Brian K. Plum will continue as president and CEO at the holding company and focus on broader strategy. read more

Dakota Financial Ranks on Inc.’s Annual Best Workplace List for 2023

Dakota Financial made Inc.’s annual Best Workplaces list and will be featured in the magazine’s May/June 2023 issue, which will hit newsstands and on May 16. read more

ISM Projects Soft Expansion in US Economy for Rest of 2023

The U.S. economy will continue softly expand for the rest of 2023, according to the Institute for Supply Management’s spring 2023 semiannual economic forecast. read more

Small Business Bank Loan Approvals Continued to Plummet in April

Small business loan approval rates at big banks slipped again in April, falling from 13.8% in March to 13.5% in April, according to Biz2Credit’s Small Business Lending Index. read more

Sentry Financial and Verdant Commercial Capital Close $24MM Equipment Lease for Equipment Management Company

Sentry Financial and Verdant Commercial Capital closed a $24 million equipment lease of construction equipment, including aerial work platforms and material handling equipment, for an equipment management, leasing and technology company. read more

Clarus Capital Closes $30MM Lease Facility for Specialty Logistics Provider

Clarus Capital completed a new $30 million lease facility for a specialty logistics provider with hubs at major infrastructure facilities around the United States and abroad. read more

TriState Capital Bank Hires Basile as Equipment Finance Relationship Manager

Michael Basile joined TriState Capital Bank as a relationship manager of equipment finance. In this role, Basile will be responsible for new business development and market growth in the equipment leasing and financing space in Philadelphia and the surrounding areas. read more

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