News

Peapack Private Hires Former Signature Bank Exec as President of Commercial Bank in NYC

Peapack Private, a division of Peapack-Gladstone Bank, hired Andrew F. Corrado as president of the commercial bank in New York City while adding more than 10 teams of commercial and private bankers. read more

Global PC Shipments Return Pre-Pandemic Volumes in Q1/24

After two years of decline, the worldwide traditional PC market returned to growth during Q1/24 with 59.8 million shipments, growing 1.5% year over year, according to International Data Corporation. read more

FirstBank Promotes Sands to Chief Banking Officer

FirstBank promoted Adam Sands to chief banking officer. After joining the bank nearly 20 years ago, Sands has worked in senior officer roles across several Front Range markets in Colorado, including as president of the Cherry Creek market. read more

AP Equipment Financing Reports 16.3% Increase in Q1 Funding Volume, Adds Business Development Execs

AP Equipment Financing increased Q1/24 funding volume by 16.3% compared to Q1/23 and hired Mike Snyder as senior director of business development in its new fleet and mobility division and John Pratt as senior vice president of business development for its specialty vehicle division. read more

Total Employment Increases by 303K in March, Unemployment Rate at 3.8%

The U.S. Bureau of Labor Statistics reported that total nonfarm employment in March increased by 303,000, with the unemployment rate remaining flat at 3.8% and the healthcare, government, leisure and hospitality, and construction sectors experiencing the most notable job gains. read more

Star Leasing, Commercial Trailer Leasing, NETS Leasing to Combine Under Single Brand Name

Star Leasing Company, Commercial Trailer Leasing (CTL), Cooling Concepts and NETS Leasing (North East Trailer Services) intend to rebrand under a single brand name: Transportation Equipment Network (TEN). read more

First American Equipment Finance Ranked Top Midsize Workplace in Rochester, NY

First American Equipment Finance was ranked No. 1 on the Top Workplaces 2024 list in Rochester, NY, in the midsize category (125-399 full-time employees). read more

Willis Lease Finance Adds Barrington to Board of Directors

Willis Lease Finance, a lessor of commercial aircraft engines and provider of aviation services, appointed Colm Barrington to its board of directors. Barrington was the former CEO and director of Babcock & Brown Air (later renamed Fly Leasing). read more

Economic Activity in Hospital Sector Grew in March for Seventh Straight Month

Economic activity in the hospital subsector grew in March for the seventh consecutive month after contracting twice in the previous four-month period, with 35 consecutive months of growth prior to that, according to the latest Hospital ISM Report on Business from the Institute for Supply Management. read more

AerCap Signed $1.6 B in Financing Transactions in Q1/24

Aviation lessor AerCap signed 82 lease agreements, completed 12 purchases and 49 sale transactions, and signed financing transactions for approximately $1.6 billion in Q1/24. read more

ATEL Capital Group Adds SVP and Director for ATEL Ventures, Expands Legal Team

ATEL Capital Group added Todd Jaquez-Fissori as senior vice president and Simrat Wason as director of ATEL Ventures, while Nick Martitsch and Maggie Adams joined ATEL Capital Group as senior counsel and legal counsel, respectively. read more

JPMorgan Chase Reworks Global Banking Executive Leadership

According to a report from Reuters, the global banking unit of JPMorgan Chase made several changes to its leadership team, including appointing Bregje de Best and James Roddy to co-lead global corporate banking. read more

Fleet Advantage Promotes Staff in Operations, Remarketing and Dealer Services

Fleet Advantage, a provider of specialty financing, fleet data analytics, fleet management services and life cycle cost management, promoted Wesley Hall to director of fleet operations and off lease, Ysis Jackson to remarketing operations manager, and Shayna Sweet to manager of dealer services and operations administration. read more

Jefferies Financial and SMBC Expand Strategic Alliance to Canada

Jefferies Financial Group and SMBC Group expanded their global strategic alliance to enhance collaboration on future corporate and investment banking business opportunities within the Canadian market. read more

U.S. Bank Appoints DuPont to Newly-Created Healthcare/SBA Credit Leader Role

U.S. Bank hired Brian DuPont as healthcare/SBA segments credit leader, a newly created role that will support healthcare and Small Business Administration lending at the bank. DuPont joined U.S. Bank from Bank of America, bringing 29 years of lending expertise in the healthcare, conventional and SBA credit spaces. read more

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