News

CSI Leasing Japan Acquires Shares of ITAD Company TRY Corporation

CSI Leasing Japan recently acquired a 20% share of TRY Corporation. CSI Leasing’s parent company, Tokyo Century Corporation, owns the remaining shares; therefore, the company is now 100% owned by Tokyo Century Group. TRY will operate as EPC Japan. read more

JDR Solutions Celebrates 22 Years in Business

JDR Solutions is celebrating 22 years in business this year. Founded in 2001, the company now manages more than $18 billion in assets. read more

Associated Bank Hires Riegelman and Hernandez as Part of Commercial Middle Market Expansion

Associated Bank hired Neil Riegelman as senior vice president and commercial banking segment leader and appointed Gus Hernandez senior vice president and director of business banking as part of its plans to expand its commercial middle market team. read more

Valley National Bank Hires Danziger as Managing Director, First SVP and Head of Syndicated Finance

Valley National Bank, the wholly-owned subsidiary of Valley National Bancorp, hired Robert Danziger, a 30-year corporate finance veteran, as managing director, first senior vice president and head of the bank’s syndicated finance business. read more

Versana Hires Scaffidi as Head of Product and Fonte as Head of Sales

Versana, a digital data and technology company engaged in the syndicated loan and private credit markets, hired Christine Scaffidi and Christopher Fonte as head of product and head of sales, respectively. read more

Utica Equipment Finance Extends $3.5MM Capital Lease to Facilitate Acquisition 

Utica Equipment Finance extended a $3.5 million capital lease to facilitate the purchase of a Virginia-based trucking firm that specializes in regional bulk materials transportation. read more

ACT Research: Class 8 Truck Orders Reach 31.9K Units in October

According to preliminary data from ACT Research, North American Class 8 truck net orders reached 31,900 units in October, remaining at above-trend levels nominally and seasonally. read more

Clarus Capital Closes $10MM Lease Financing for Public Network Operator

Clarus Capital completed a new $10 million lease facility for a public network operator. The funding will support regularly scheduled investments from the company that it will use to expand capacity and refresh existing technology as part of its ongoing strategic upgrade. read more

Small Business Loan Approval Rates Continue to Drop at Big Banks in October

Small business loan approval percentages at big banks (more than $10 billion in assets) decreased again from 13.1% in September to 13% in October, according to the latest Biz2Credit Small Business Lending Index. read more

Western Alliance Bank Names Hirson Commercial Banking Market Executive for Los Angeles

Western Alliance Bank appointed Craig Hirson commercial banking market executive for Greater Los Angeles and Orange County, CA. Hirson has more than 20 years of experience in commercial banking, including roles at CommerceWest Bank and Bank of America Merrill Lynch. read more

Legal Industry Embraces AI But Remains Slow on ESG and DE&I

According to a survey from Wolters Kluwer, 73% of lawyers expect to integrate generative AI into their legal work, while nearly 70% of firms are not very prepared to meet ESG demands and 45% have no formal diversity, equity and inclusion policies in place. read more

Western Alliance Bank Appoints Griesbach Commercial Banking Executive for Aerospace & Defense

Western Alliance Bank appointed Matt Griesbach commercial and industrial industry executive for aerospace and defense. Griesbach previously held leadership roles in aerospace and defense corporate and commercial banking at City National Bank and Bank of America Merrill Lynch. read more

Avolon Delivers 5 Airbus A320neos to Flynas

Aviation finance company Avolon completed the delivery of five new Airbus A320neos to Middle Eastern low-cost carrier Flynas, completing a sale and leaseback transaction for the aircraft agreed to in May 2022. read more

Tompkins Financial Promotes Guarino to Chief Banking Operations Officer

Tompkins Financial Corporation promoted Charles Guarino to chief banking operations officer, a newly created position for the organization. Over the past five years with Tompkins, Guarino has led mortgage sales and operations and small business lending. read more

CDB Aviation Delivers Airbus A320neo Aircraft to Air India

CDB Aviation, a wholly-owned Irish subsidiary of China Development Bank Financial Leasing, delivered the first of a fleet of six Airbus A320neo aircraft to Air India. read more

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