News

Businesses Owned by Women Increased Revenues by 15.5% in 2023

According to Biz2Credit’s Women-Owned Business Study, earnings for small businesses owned by women remained steady in 2023 while average annual revenue for businesses owned by women increased 15.5%. read more

Mike Albert Fleet Solutions Appoints Brown Chief Strategy Officer

Mike Albert Fleet Solutions appointed Brian Brown chief strategy officer, according to Brown’s LinkedIn account. Brown previously served as the company’s chief operating officer. He has worked for the company since 2012. read more

Wingspire Equipment Finance Elevates Roach to Chief Operating Officer

Wingspire Equipment Finance promoted Jenny Roach to chief operating officer. Roach has been with the company since its inception and previously served as senior vice president of capital markets, playing a role in overseeing the company’s syndication platform. read more

SLR Equipment Finance Closes $350MM Credit Facility with Bank of America and Truist Bank

SLR Equipment Finance closed a new $350 million credit facility with Bank of America and Truist Bank to support the growth of its business over the next several years. read more

Trinity Capital Provides $50MM in Equipment Financing to Electric Hydrogen

Trinity Capital committed $50 million in equipment financing to Electric Hydrogen, a manufacturer of electrolyzer systems that produce green hydrogen. read more

Saulsbury Hill Financial Selects Ivory Consulting’s SuperTRUMP to Model and Price Solar and Energy Storage Deals

Saulsbury Hill Financial, a financial services provider specializing in municipal leasing, electrical vehicle fleet finance and solar-plus-energy-storage financing solutions, selected SuperTRUMP by Ivory Consulting to access structuring techniques for solar-tax-equity structures, including investment tax credits. read more

Synovus Bank Names O’Connor Chief Third-Party Payments Officer and CEO of Embedded Finance Subsidiary

Synovus Bank named Jonathan O’Connor its chief third-party payments officer and CEO of Maast, an embedded finance provider and wholly-owned subsidiary of the bank. O’Connor previously served as CEO advisor at Deluxe Corporation. read more

Dorsey & Whitney Adds Moore as Finance & Restructuring Partner in Phoenix

Law firm Dorsey & Whitney hired Kate Moore as a partner in the firm’s finance and restructuring group in Phoenix. Moore joined Dorsey & Whitney from Quarles & Brady, where she was a partner and served as the national chair of the firm’s financial services industry team. read more

Equipment Depot Hires Schwarz as Regional VP of Northeast Region

Equipment Depot, an independently operated material handling and equipment rental source, appointed Ed Schwarz regional vice president of the Northeast region. Most recently, Schwarz served as vice president of sales for marine systems at ABB. read more

First Citizens Bank Provides $1MM Line of Credit to Hemp-Derived Cannabinoids Supplier

First Citizens Bank’s cannabis banking business provided a $1 million working capital line of credit to MC Nutraceuticals, a global supplier of hemp-derived cannabinoids. read more

First Foundation Bank Shutters Equipment Finance Department

First Foundation Bank shut down its equipment finance department late last week, according to sources familiar with the matter. According to data provided for the 2023 Monitor 100, the department was made up of 15 employees. read more

GreatAmerica Financial Services Appoints Group Presidents

GreatAmerica Financial Services appointed Jennie Fisher and Brian Bjella group presidents to lead its team of more than 750 professionals, with Fisher now serving as group president of office equipment and Bjella serving as group president of specialty markets. read more

February Commercial Chapter 11 Bankruptcy Filings Surge 118%

Commercial Chapter 11 bankruptcy filings climbed 118% year over year in February 2024, with the 822 filings during the month comparing to the 377 filings in February 2023, according to Epiq Bankruptcy. The sizable increase in commercial Chapter 11 filings in February was spurred by a large number of related filings in two large commercial Chapter 11 proceedings. read more

Honour Capital Selects Consult Disrupt to Drive Operational and Technology Transformation

Honour Capital is partnering with Consult Disrupt, a consulting organization formed to support equipment finance organizations with their day-to-day operations and technology-related projects, to assist the company in its journey toward operational and technology transformation. read more

Jupiter Equipment Finance Appoints McGowan Director of Corporate Recruiting

Jupiter Equipment Finance hired Conor McGowan for the newly-created position of director of corporate recruiting. McGowan has experience in high-volume, full-cycle recruiting and success in equipment finance sales and account management.  read more

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