Gordon Brothers to Sell Machinery & Equipment Formerly Used by José Sánchez Peñate

Gordon Brothers, the global advisory, restructuring and investment firm, will sell private treaty machinery and equipment from four plants in the Canary Islands formerly leased by the firm to José Sánchez Peñate, a Spanish food products manufacturer and distributor. read more

Bridge Bank’s Capital Finance Group Adds Talent in Multiple Markets

Bridge Bank's capital finance group hired Glenn Burroughs as senior vice president of business development in Seattle, Ari Kaplan as senior vice president and regional manager in Chicago and Matthew Trusiak as assistant vice president and regional manager in Las Vegas. read more

First Citizens Bank Arranges $65.7MM in Financing for Apartment Development

First Citizens Bank's real estate finance group, part of the CIT division, served as lead arranger on $65.7 million in financing to MainStreet Property Group for the development of The Spark Apartments, a 211-unit, Class A multifamily project in Redmond, WA. read more

Celtic Capital Provides $1MM Equipment-Only Loan to Archery Equipment Designer

Celtic Capital entered into a client relationship with an Arizona- based company that designs and manufactures a complete range of archery equipment for all segments of the sport. The company had broken covenants with its bank and was seeking replacement financing. read more

Federal Reserve Boosts Interest Rates, Says ‘Inflation Has Eased Somewhat’

The Federal Reserve announced that it will raise the target range for the federal funds rate to between 4.5% and 4.75%, marking a quarter point increase. The move was less drastic than its seven rate increases in 2022, with all but one of those lifting rates by three quarters of a point. read more

Clarus Capital Closes $15MM Lease Financing for Aerospace Components Manufacturer

Clarus Capital completed a new $15 million lease facility for a sponsor-backed aerospace components manufacturer. Financing proceeds will support the acquisition of essential use production equipment to meet new contract growth. read more

BMO Completes Acquisition of Bank of the West

BMO Financial Group, and its subsidiaries BMO Financial Corp. and BMO Harris Bank, completed the acquisition of Bank of the West from BNP Paribas. read more

Bankers Capital President and CLFP Foundation Board Member LaChance Passes Away

Larry LaChance, CLFP, president of Bankers Capital and a board member of the Certified Lease & Finance Professional Foundation, passed away in January, according to a report from Leasing News. read more

Armstrong Joins American Community Bank & Trust

American Community Bank & Trust hired Jeff Armstrong as senior vice president of commercial banking. Armstrong brings 30 years of commercial banking expertise to the bank's Chicago-based commercial lending team. read more

NFS Leasing Provides Multi-Million Dollar Financing to Ziosk

NFS Leasing provided a multi-million dollar finance solution to Ziosk, the creator of an entertainment, ordering and pay-on-demand platform for restaurants. read more

First American Named to 2023 Top Workplaces USA List 

First American Equipment Finance announced it earned the 2023 Top Workplaces USA award, issued by Energage. This is First American’s third time being name to this nationwide list. This year, it came in at No. 6.  read more

AerCap Delivers 50th 737-800 Boeing Converted Freighter

AerCap delivered its 50th 737-800 Boeing Converted Freighter. The aircraft was redelivered to GOL Linhas Aéreas, which will operate the aircraft on behalf of a Latin American e-commerce company. read more

Capteris Capital Closes $14.1MM in Equipment Assets to Support Merger

Capteris Capital, an equipment finance company supported by the capabilities of Wheels Donlen LeasePlan and MidCap Financial, closed on $14.1 million in equipment assets, facilitating the merger of two middle-market companies in the natural gas industry. read more

ELFF Accepting Applications for Scholarship Program

The Equipment Leasing & Finance Foundation is now accepting applications for its scholarship program for the 2023-2024 academic year. Up to five scholarships of $5,000 each will be awarded to full-time undergraduate or full-time graduate students interested in pursuing a career in the equipment finance industry. read more

Ritchie Bros. to Showcase Insights at CONEXPO-CON/AGG

Ritchie Bros. will showcase its growing list of insights, services and transaction solutions at CONEXPO-CON/AGG, an equipment tradeshow in North America to be held in March in Las Vegas. read more

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