News

Nexseer Capital Completes Year of Growth & Transformation

Nexseer Capital marked the completion of 2018 on a trajectory of expansion and transformation, with transaction growth of 23% and direct balance sheet originations growth of 300% over the course of the year. read more

Park National Bank Tops $110.4MM Net Income for 2018

Park National Bank reported increased net income and earnings per share among its financial results for the fourth quarter and full year of 2018. Q4 earnings for 2018 were $26.3 million, a 15% increase from $22.8 million for the fourth quarter of 2017. read more

TimePayment Expands Revolving Credit Facility to $385MM

Fintech company TimePayment expanded its revolving credit facility to $385 million, including a $50 million accordion. read more

Auctus Capital Supports EVO America Buyout by Middleby

Auctus Capital Partners acted as strategic advisor to EVO America, supporting its acquisition by strategic buyer The Middleby Corporation. The transaction was led by Auctus Capital Partners and its Managing Director William Allen. read more

BVRLA Membership Fleets Top 5MM Vehicles While Industry Braces for Change

The combined fleet of British Vehicle Rental and Leasing Association members has risen to more than five million vehicles for the first time. read more

Ritchie Bros. to Auction off 11,500+ Items at Orlando Event

Ritchie Bros. added 20 extra acres for equipment display at its upcoming February 2019 Orlando auction. The six-day mega auction already has 11,500+ equipment items and trucks listed for sale by companies across the United States. read more

McComas Joins ENGS as Business Development Manager, Transportation

Meghan McComas joined ENGS Commercial Finance as business development manager in its Transportation Finance Division. read more

$82MM in Net Income for CIT in Q4/2018, $428MM for Full Year

CIT Group reported fourth quarter net income of $82 million or $0.78 per diluted common share, compared to a net loss available to common shareholders of $98 million or $0.74 per diluted common share for the year-ago quarter. read more

ELFA Elects Wintrust CEO Normandin to Board of Directors

David Normandin, president and CEO of Wintrust Specialty Finance, was elected to serve on the Board of Directors for the Equipment Leasing and Finance Association. read more

MB Financial Reports $75.9MM Net Income for Q4/2018

MB Financial reported a fourth quarter 2018 net income of $75.9 million, a gain of $33.2 million over its income of $42.7 million the previous quarter but below the $144.2 million income in the fourth quarter of 2017. read more

ELFA Top 10 Trends Predict Positive Capital Spending, Investment Growth

The Equipment Leasing and Finance Association revealed its Top 10 Equipment Acquisition Trends for 2019. read more

All-Lines Leasing, Hillyard Offer 3.9% Financing on Trident Equipment

All-Lines Leasing, a division of First Western Bank & Trust, partnered with Hillyard to offer an industry-leading 3.9% interest rate on the financing of Trident cleaning equipment. read more

FSI Elects 2019 Board & Executive Committee Members

The Financial Services Institute elected six new directors for its board for 2019: Denise Barrows, Carolyn Clancy, Jim Crowley, Chris Flint, Steve Horn, and Chris Perry. read more

Air Lease Delivers New Airbus A321-200neo to Vietnam Airlines

Air Lease delivered one new Airbus A321-200neo aircraft to Vietnam Airlines, the first of 12 new A321-200neos scheduled for delivery to the ailine through 2019 from ALC’s order book with Airbus. read more

North Star Leasing Hires Three New Members for Growing Team

Equipment finance provider North Star Leasing hired Joe Bannick as senior business development manager, Justin Ward as a business development specialist and Bobbie Sauter as a marketing specialist. read more

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Terry Mulreany
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