News

Bank of Clarke Sells Marine Lending Business to Axos Bank

Virginia-based Bank of Clarke sold the assets of LaVictoire Finance, its marine lending business, to Axos Bank, a unit of Axos Financial. read more

Dime Community Bank Hires Csillag to Lead New Healthcare Vertical

Daniel Shaya Csillag will join Dime Community Bancshares, the parent company of Dime Community Bank, as group head of a newly created healthcare vertical. Csillag will be responsible for building out Dime’s healthcare commercial banking business. read more

ACT Research Names Teolis New Chief Economist

David Teolis will join ACT Research on Oct. 1 as chief economist following a 28-year career with General Motors. read more

1st Source Bank Promotes Lee to President of Aviation Finance Division

1st Source Bank promoted Chris Lee to president of the specialty finance group’s aviation finance division to replace David Hudak, who will retire on Sept. 30. Lee joined the 1st Source Bank aviation team as a relationship sales officer and vice president in 2020. read more

Huddle Business Capital Appoints Vanderveen VP of Sales for Vendor Financing

Huddle Business Capital appointed Jennifer Vanderveen vice president of sales for its vendor financing division. Vanderveen will oversee the company’s vendor sales channel, align efforts to attract equipment vendors, and structure financing solutions for vendor partners. read more

Access Capital Upgrades to Solifi’s SaaS Asset-Based Lending Solution

Access Capital, a privately-owned asset-based lending firm based in New York, upgraded from Solifi’s legacy on-premise platform (ABLM.NET) to Solifi ABL on Solifi’s Open Finance Platform. read more

U.S. Bank Names Patel Chief Product Officer for Business Banking Segment

Shruti Patel joined U.S. Bank as chief product officer for the business banking segment. Patel was most recently head of global product partnerships and monetization at e-commerce company Shopify. Prior to that, she was head of embedded payments and partnerships at JPMorgan Chase. read more

Inovatec Partners with VeriFast to Offer ID and Income Verification to Lenders

Inovatec Systems, a provider of cloud-based software solutions for lenders, formed a relationship with VeriFast, a provider of artificial intelligence-driven verification and authentication solutions, to offer identification and income verification to lenders. read more

Bloom to Expand FGI’s Footprint in Western U.S.

Ronnie Bloom, a managing director at FGI Worldwide, will expand his business development efforts to the western U.S. Bloom will remain involved in Canadian transactions as he develops and nurtures partnerships in California, the Pacific Northwest and Texas. read more

First Citizens Bank Announces New Leadership Structure for Wealth Organization

First Citizens Bank announced a new leadership structure for its wealth organization, as Michael Wilson is assuming additional responsibility for SVB Private, a private banking and wealth management business that came to First Citizens through its acquisition of Silicon Valley Bank. read more

Star Leasing Company Combines with Commercial Trailer Leasing

Star Leasing Company, a provider of trailer leasing and maintenance services, signed an agreement to combine with Commercial Trailer Leasing, a trailer lessor with a fleet size of more than 19,000 assets. Star Leasing also recently combined with North East Trailer Services.  read more

Hyster-Yale Group Expands Partnership with DLL into Canada

Hyster-Yale Group expanded its partnership with DLL into Canada to support its independent dealer network with financial services solutions. DLL and Hyster-Yale Group branded the Canadian partnership Hyster-Yale Financial Services Canada. read more

ABN AMRO Intends to Appoint Vaandrager CFO

The supervisory board of ABN AMRO intends to appoint Ferdinand Vaandrager CFO and member of the executive board for a period of four years, ending at the closing of the company’s annual general meeting in 2027. read more

Vision Financial Group Rebrands as Civista Leasing & Finance, a Division of Civista Bank

Vision Financial Group, also known as VFG Leasing & Finance, which became a Civista Bank company last October, completed its transition from a subsidiary of Civista Bank to a division of the bank and will do business as Civista Leasing & Finance going forward. read more

Commercial Credit Inc. Named Top 40 Mid-Market Company in North Carolina for 11th Straight Year

Commercial Credit Inc., parent company of Commercial Credit Group, Commercial Funding and Keystone Equipment Finance, was named to Business North Carolina’s Mid-Market Fast 40 List for the 11th consecutive year. read more

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