News

Stearns Bank Launches Nonprofit Banking Solutions

Stearns Bank recently launched nonprofit banking solutions, a suite of customized banking services and financing options designed specifically to meet the needs of nonprofits. read more

Trinity Capital Provides $12MM in Growth Capital to Delphinus Medical Technologies

Trinity Capital committed $12 million in growth capital to Delphinus Medical Technologies, a medical imaging company and developer of SoftVue, a dense breast screening tool for cancer detection. read more

Textron Names Scholl CEO of Specialized Vehicles, Shortt CEO of eAviation

Textron named Rob Scholl president and CEO of Textron Specialized Vehicles. Scholl was previously president and CEO of Textron eAviation, a role that will now be filled by Kriya Shortt, who was previously senior vice president of global parts and distribution at Textron Aviation. read more

Trustmark Hires Jez as SVP and Equipment Finance Direct Originator Officer

Trustmark hired Mike Jez as senior vice president and equipment finance direct originator officer. Jez has more than 25 years of equipment finance experience. read more

Alfa Completes AWS Foundational Technical Review, Joins AWS Partner Network

Alfa, a provider of software for the asset finance industry, completed Amazon Web Services’ Foundational Technical Review for Alfa Cloud, its single-tenant software-as-a-service product. read more

Post Road Equipment Finance Provides $15MM Lease to Machining Component Manufacturer

Post Road Equipment Finance provided a $15 million equipment lease to a precision machining component manufacturer that provides supplies to the defense, semiconductor manufacturing, commercial aerospace and space markets. read more

FirstBank Names Markovich Chief Credit Officer

FirstBank named John Markovich chief credit officer. Markovich, who was formerly the bank’s president of commercial lending, will be taking over for Brian Ballard, who retired after more than 30 years with the company. read more

Shearman & Sterling Bolsters Capital Markets Capabilities in Latin America with Return of Gordano

Alejandro Gordano rejoined law firm Shearman & Sterling as a capital markets partner in the firm’s Latin America group. Over the course of 20 years as an attorney, Gordano has guided clients through debt and equity transactions throughout Latin America. read more

First Citizens Bank Completes $6.5MM Credit Facility for Home Furnishings Importer

First Citizens Bank’s CIT Commercial Services subsidiary completed a $6.5 million credit facility for a California-based home furnishings and apparel importer. read more

Encina Lender Finance Closes $360MM in Bank Facility Commitments

Encina Lender Finance closed $360 million in funding commitments from nine banks. read more

Commercial Capital Company Appoints Yount Chief Operating Officer

Commercial Capital Company, a provider of equipment finance solutions for small businesses, appointed Jonathan Yount chief operating officer. Yount will be responsible for developing growth strategies and overseeing the company's day-to-day operations. read more

First Financial Leasing and Finance Names Fitzpatrick CEO

First Financial Leasing and Finance appointed Tim Fitzpatrick CEO. Fitzpatrick succeeded Lucinda S. Watson, the company’s owner, who will assume the role of vice president. read more

CLFP Foundation Adds 17 New CLFPs

The Certified Lease & Finance Professional Foundation reported that 17 individuals recently passed the eight-hour, online proctored CLFP exam. read more

First Citizens Names Hurtado Relationship Manager for Middle-Market Banking

First Citizens Bank’s middle-market banking business named Tony Hurtado a relationship manager dedicated to cultivating business in Orange County, CA. Prior to joining First Citizens, Hurtado was a vice president and senior relationship manager at Sunwest Bank. read more

Peapack-Gladstone Bank Announces Promotions and New Hire

Peapack-Gladstone Financial and Peapack-Gladstone Bank announced several promotions and hired Lisa Brandi as managing director and treasury and client service officer for Peapack Private. read more

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