TimePayment Reaches 1 Million Leases Financed

TimePayment, a financial technology company specializing in commercial and specialty equipment lease financing, has reached 1 million leases financed. read more

ISM Projects Revenue Increases in Most Sectors in 2023

According to December release of the Institute for Supply Management’s semiannual economic forecast, revenues are expected to increase in 15 of 18 manufacturing industries and 14 of 18 services sector industries in 2023. read more

Noons to Become First Woman to Serve as President and COO of Washington Trust

Mark K.W. Gim will retire as president and chief operating of Washington Trust Bancorp in April. Mary E. Noons will be appointed president and chief operating officer upon Gim's retirement, becoming the first woman in the corporation’s history to serve as president and COO. read more

TD Bank Names McQuade to Lead New England Metro Region

TD Bank named Sheryl L. McQuade regional president of its New England Metro area. In this role, McQuade will lead TD Bank's New England consumer and small business, commercial and middle-market banking and lending services. read more

Wells Fargo Launches Emerging Middle-Market Segment in New York

Wells Fargo launched an emerging middle-market (EMM) segment within its Metro New York commercial banking team. The new segment will be led by Alicia Iskhakova in New York City and John DeSclafani in New Jersey. read more

Blair to Succeed Stelling as Board Chair of Synovus Financial

Synovus Financial appointed Kevin Blair chairman of the board, effective Jan. 1. Blair is the president and CEO of Synovus Financial and will succeed Kessel D. Stelling, who is retiring on Dec. 31, as chairman of the board. read more

CIT Provides $27.8MM for Acquisition of Medical Office Buildings in Wichita, KS

The healthcare finance business of CIT provided $27.8 million to a joint venture between Kayne Anderson Real Estate and Remedy Medical Properties for the acquisition of a surgical hospital and medical office building portfolio located in Wichita, KS. read more

Federal Reserve Boosts Federal Funds Rate for Seventh Time in 2022

The Federal Reserve announced that it will raise the target range for the federal funds rate to between 4.25% and 4.5% on Wednesday, marking a 0.5% increase and the seventh overall increase this year. read more

Honour Capital Provides $8MM in Capital to Ophthalmology Business

Honour Capital provided $8 million of capital involving various lease structures for an Upper Midwest ophthalmology business. read more

Former AACFB Board Member Rosanne Wilson Passes Away

Rosanne Wilson, a former board member of the American Association of Commercial Finance Brokers, passed away last week, according to an announcement from the AACFB. read more

Midland Equipment Finance Crosses $1B Portfolio Threshold

Midland Equipment Finance, the equipment financing division of Midland States Bank, crossed the $1 billion mark in its portfolio since the division’s 2018 inception. read more

US Bank Names Kaalund New Head of Branch Banking

Sekou Kaalund joined U.S. Bank in the newly created role of head of branch banking, a leadership role within consumer and business banking responsible for U.S. Bank’s more than 2,200 branches as well as its consumer and small business bankers spread out across 26 states. read more

Lender Concern About Regulations Jumps ‘Considerably’ in 2022

Nearly 70% of lenders are concerned about anticipated small business lending data collection regulations and the ability to manage those requirements, according to Wolters Kluwer, which reported concerns about new regulations have “jumped considerably” in 2022. read more

Chicago Tribune Awards ENGS Commercial Finance Top Workplace 2022

The Chicago Tribune awarded ENGS Commercial Finance a Top Workplace 2022 honor as one of the most dynamic businesses in the Chicagoland area. The recognition is based on anonymous employee feedback gathered through a third-party survey administered by Energage. read more

ACT Research Says ‘Loose Market’ to Equalize in 2023

ACT Research released the December installment of the ACT Freight Forecast, U.S. Rate and Volume OUTLOOK report. read more

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