36th Street Capital appointed Eric A. McGriff its new chief risk officer. McGriff will replace Gerry Kammerer, the company’s longstanding CRO, who will transition into an advisory capacity.  read more

SEP 18, 2023 - 6:50 am

More than half of restaurant operators are planning to increase their equipment and supply budgets in 2023, and 67% plan to make kitchen equipment replacements, according to a new study released by the Equipment Leasing & Finance Foundation. read more

SEP 18, 2023 - 6:48 am

Alfa, the makers of Alfa Systems, a software platform for providers of asset finance, announced new functionality to help its customers track and report their portfolios’ Scope 3 greenhouse gas emissions. read more

SEP 18, 2023 - 6:47 am

Paul Stone, chief operations officer and president of Hertz, will step down from his role on Sept. 30 to pursue opportunities in the retail sector, where he began his career. Stone will remain employed with the company in a transitional capacity through Oct. 31. read more

SEP 18, 2023 - 6:46 am

Guggenheim Securities, the investment banking and capital markets division of Guggenheim Partners, expanded its commercial services investment banking practice with the hiring of Andy Miller and Paul Majeski as senior managing directors. read more

SEP 18, 2023 - 6:44 am

EquipmentShare completed an extension of its Series E equity raise, led by funds affiliated with BDT & MSD Partners. Through the extension, EquipmentShare raised an incremental $150 million from existing and new investors for a total of $440 million in Series E funding. read more

SEP 18, 2023 - 6:43 am

According to preliminary data from ACT Research, Class 8 same dealer used truck retail sales volumes surged 14% month over month in August. read more

SEP 18, 2023 - 6:41 am

Jefferson City, MO-based Hawthorn Bank named John Bowers its new chief strategy officer. Bowers will be responsible for formalizing and leading the development of the organization’s strategic planning processes and translating the strategy across functions and business units. read more

SEP 18, 2023 - 6:40 am

Xerox and PEAC Solutions expanded their partnership for the provision of certain leasing and financial services programs to Xerox’s FITTLE network of independent dealers and resellers. read more

SEP 15, 2023 - 6:43 am

Stearns Bank acquired a majority stake in Contract Capital Corporation, a provider of specialized financing services to managed service providers. read more

SEP 15, 2023 - 6:42 am

According to Reuters, Société Générale may consider selling its equipment finance division, with the bank viewing “the business as non-core.” read more

SEP 15, 2023 - 6:40 am

Great American Insurance Group’s specialty equipment division and TrustLayer launched a real-time tracking solution for the equipment finance industry to enhance the API-driven coverage solutions that Great American Specialty Equipment provides to the equipment leasing industry. read more

SEP 15, 2023 - 6:39 am

AP Equipment Financing finalized a $200 million credit facility from Wells Fargo to capitalize on increasing demand from customers and dealer partners. read more

SEP 15, 2023 - 6:37 am

U.S. Bank launched a new cross-business initiative to serve healthcare practices with up to $25 million in annual revenue, appointing Joe Persichetti head of healthcare business banking to lead the effort. read more

SEP 15, 2023 - 6:36 am

First Citizens Bank’s healthcare finance business, part of the CIT division, provided $29 million to Onicx Group to refinance two medical office buildings located on the campuses of Florida Trinity Hospital and Poinciana Hospital. read more

SEP 15, 2023 - 6:34 am