News

Moritt Hock & Hamroff Recognized in Best Lawyers 2024 Best Law Firms Report

Moritt Hock & Hamroff was recognized in the 2024 edition of Best Law Firms nationally in one practice area and regionally in four practice areas, earning national recognition for its bankruptcy and creditor debtor rights/insolvency and reorganization law practice. read more

Jim Humphrey, SVP of Sales at Odessa, Passes Away

Jim Humphrey, senior vice president of sales at Odessa, passed away recently, the company announced via LinkedIn on Monday. read more

Northteq Expands Majority Women Leadership Team by Promoting Tolland, Hiring McNamara

Northteq, a provider of Salesforce loan origination solutions and equipment finance software, promoted Lara Tolland to chief operating officer and hired Jeannette McNamara as its new director of product. Following these personnel moves, 80% of Northteq’s leadership team identify as women. read more

Marmon Rail Appoints Suprenuk President of Railcar Leasing Business

Marmon Rail appointed Kate Suprenuk to president of railcar leasing in North America. In this role, Suprenuk will lead the leasing business of Union Tank Car Company and Procor Limited, which encompasses all of Marmon’s railcar leasing activities across North America. read more

Rising Inventories and Decreasing Values Persist for Used Heavy-Duty Trucks and Trailers

According to the newest market reports from Sandhills Global, supply increases throughout 2023 for used heavy-duty trucks, semitrailers, tractors, construction equipment and lifts in Sandhills’ marketplaces have not been accompanied by corresponding increases in demand. read more

Wolters Kluwer Unveils Q3 Equipment Lease Finance Digital Transformation Index

According to Wolter Kluwer’s Equipment Lease Finance Digital Transformation Index, the rate of adoption for digitization of back-office documents has decreased by 4% over the last year, largely mirroring the sluggish environment for capital spending on equipment. read more

Metropolitan Commercial Bank Promotes Doughtery to CFO

Metropolitan Bank Holding Corp., the parent company of Metropolitan Commercial Bank, promoted Daniel F. Dougherty to executive vice president and CFO. Dougherty previously served as first vice president and treasurer. read more

CDB Aviation Leases Fleet of Boeing and Airbus Aircraft to Hainan Airlines

CDB Aviation, a wholly-owned Irish subsidiary of China Development Bank Financial Leasing, announced the signing of lease agreements for a fleet of three new Boeing 737 MAX 8 and three Airbus A320neo aircraft with its existing Chinese airline customer, Hainan Airlines. read more

Amur Equipment Finance Records Best October Originations in Company History

Amur Equipment Finance announced that it recorded its strongest October originations performance this year, with the company also recording one of its strongest origination months in company history during the month. read more

CLFP Foundation Adds 26 New CLFPs

The Certified Lease & Finance Professional Foundation added 26 new CLFPs who recently passed the eight-hour online proctored CLFP exam. read more

b1BANK Hires van de Wetering to Launch Derivative Solutions Services

b1BANK hired Gerrit van de Wetering as managing director of derivative solutions. Van de Wetering will launch b1BANK’s derivatives products and services, which will aim to provide clients with more flexibility managing interest rate risks. read more

First Citizens Provides $44MM Construction Loan for Philadelphia Distribution Center

First Citizens Bank’s commercial real estate business provided $44 million in construction financing to Greek Real Estate Partners, a New Jersey-based real estate firm, to support construction of a Class A distribution center seven miles north of downtown Philadelphia. read more

ServisFirst Bank CFO Foshee to Retire; Pressley Chosen as Successor

William “Bud” Foshee, CFO of ServisFirst Bank, will retire in February. The bank appointed Kirk Pressley as Foshee’s successor. Pressley joined ServisFirst in July and is the former CFO of BBVA Compass. read more

LeaseWorks Signs BBAM as First Customer for Newly Launched Utilization Tracker

LeaseWorks, a provider of cloud-based solutions and services, signed aircraft lessor BBAM as its first customer for the recently launched LeaseWorks Utilization Tracker within the Aeris MATCH software ecosystem. read more

Economic Activity in Services Sector Expands for 10th-Straight Month in October

Economic activity in the services sector expanded in October for the 10th consecutive month as the Services PMI registered 51.8%, according to the latest Services ISM Report on Business from the Institute for Supply Management. read more

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