News

KLC Financial Adds Hammann, Lewis and Stommes

KLC Financial hired Sara Hammann as a business development representative, Amy M. Lewis as director of operations and Luke Stommes as a credit analyst. read more

Nielsen Joins Wintrust Specialty Finance as SVP and Chief Sales Officer

Wintrust Specialty Finance hired Doug Nielsen as senior vice president and chief sales officer. Prior to joining Wintrust, Nielson held various senior leadership roles with Key Equipment Finance, Bank of America, El Camino Resources and Highline Capital Group. read more

Mitsubishi HC Capital Canada Hires Perdomo as Director of Business Development

Judy Perdomo joined Mitsubishi HC Capital Canada as director of business development for factoring and asset-based lending. She will work primarily with small- and mid-sized businesses, helping them with cost-effective financing options. read more

General Bank of Canada’s Mooney Wins 2022 Alexander S. Melvin Award

Gord Mooney, who is retiring from General Bank of Canada this month, was selected as the winner of the 2022 Alexander S. Melvin Award for inspirational and ethical leadership in financial services. read more

ELFA Accepting Nominations for 2022 Operations and Technology Excellence Award

The Equipment Leasing and Finance Association is accepting member nominations for its 2022 Operations and Technology Excellence Award. Nominations must be received by June 20. read more

First Citizens Provides $50MM LOC to Morningstar Properties Affiliate

First Citizens Bank’s middle-market banking business provided up to $50 million as a senior secured line of credit to an affiliate of Morningstar Properties, an investor in and operator of self-storage facilities. read more

Encina Equipment Finance Adds to Commercial Team with New Hires

Encina Equipment Finance added Peter Carpenter and Matt Farley as managing directors of originations and Zach Brasser as an associate. Carpenter, Farley and Brasser will report to Brian Daley, senior managing director and commercial leader for Encina Equipment Finance. read more

TopMark Funding Sets Company Record, Funding $34.7MM in Q1/22

In the first three months of 2022, TopMark Funding funded a company record of $34.7 million in volume, marking a 242% year-over-year increase from Q1/21. read more

LeaseQuery Acquires Crowe Lease Accounting Optimizer

LeaseQuery, a provider of lease accounting software, acquired Crowe Lease Accounting Optimizer. The solution will be rebranded as LeaseQuery for NetSuite, effective immediately. read more

Equipment Finance Cares Hosts More Than 40 Industry Professionals at Latest Event in Cincinnati

Equipment Finance Cares held an event last week at Great American Insurance Group’s headquarters in Cincinnati. More than 40 equipment finance professionals representing 26 different organizations attended the event. read more

Vijay Plans to Retire as CFO of Aviation Capital Group

Madhu Vijay, executive vice president and CFO at Aviation Capital Group, will retire later this year. With no definitive date, Vijay offered to stay on to help with the transition in the months to come. read more

Independent Bank Group Makes Leadership Changes in Operations and Tech

James C. White will retire from Independent Bank Group and from his role as executive vice president and chief operations officer. The company named Bill Wade executive vice president and chief information officer and Daniel App executive vice president and head of operations. read more

Blue Ridge Bank Establishes Middle-Market Banking Team, Riddle to Lead

Blue Ridge Bank established a middle-market banking division, an effort that will entail the buildout of commercial banking teams in the Mid-Atlantic and Southeast regions. C. Douglass Riddle will lead the new division. read more

ACT Research: Preliminary Data Shows Subdued Order Activity in April

According to preliminary data from ACT Research, North American Class 8 net orders in April reached 15,800 units, while North American Classes 5-7 net orders slid to 19,500 units. read more

Pinnacle Financial Partners Adds Jannetty to Equipment Finance Team

Pinnacle Financial Partners added Mark Jannetty to its equipment finance team. Jannetty is a financial advisor with more than 20 years of equipment finance experience. He will be based at Pinnacle Financial Partners’ headquarters in downtown Nashville, TN. read more

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Terry Mulreany
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