News

US Steel Partners with Google Cloud on Generative AI Technology Applications

U.S. Steel and Google Cloud announced a new collaboration to build applications using Google Cloud’s generative artificial intelligence technology to drive efficiencies and improve employee experiences in iron ore mines in North America. read more

Trucking Industry Forecasts Move Higher Amid Rising Economic Expectations

As economic expectations rise, ACT Research’s forecasts for Classes 5-7, Class 8 and trailer output in 2023 and 2024 moved higher again this month. read more

FIS Earns Top 200 Fintech Company Recognition from CNBC

Financial technology company FIS was recognized on CNBC’s inaugural list of the top 200 global fintech companies. CNBC named FIS a top fintech company in the digital banking solutions category. read more

CASE Construction Equipment and Team Rubicon Expand Partnership for Heavy Equipment Operation Training

CASE Construction Equipment commenced a pilot program earlier this year to support a new initiative with humanitarian organization Team Rubicon to train more volunteers to operate heavy equipment in response to disasters and crises. read more

Textron Aviation Secures Brazilian Certification of Cessna SkyCourier

The National Civil Aviation Authority of Brazil awarded type certification to Textron Aviation’s Cessna SkyCourier twin utility turboprop, paving the way for the aircraft to serve the Brazilian market. read more

Auxilior Capital Partners Promotes Paradis to President and COO

Auxilior Capital Partners promoted René Paradis to president and chief operating officer. Paradis has been serving as Auxilior’s COO since joining the company in May 2022. She will continue in the COO role along with her new position as president. read more

Equify Financial Expands Small-Ticket Dealer and Vendor Program Team

Equify Financial expanded its small-ticket dealer and vendor program equipment finance business by hiring James Weyand and Bryan Anderson as region sales managers while transitioning Katherine Leonard into the role of project coordinator. read more

DLL Launches Healthcare Financing Podcast

DLL launched a new healthcare financing podcast, “The Pulse.” Lauren Baingo, a DLL program manager with expertise in the healthcare industry, will host the podcast and discuss topics impacting the world of healthcare finance and medical equipment financing.   read more

Grant Thornton Appoints New Leaders to Audit Quality & Risk Leadership Team

Grant Thornton appointed Kendra Decker to serve as the national managing partner of the firm’s professional practice and Graham Dyer to serve as chief accountant and partner-in-charge of the firm’s accounting principles group. read more

Truist Invests $17MM in Affordable Housing and Career Development in North Carolina

Truist Financial and Truist Foundation announced $17 million in commitments to support affordable housing in Charlotte, NC, and career development and economic mobility programs across North Carolina. read more

Riverview Bank Names Cox Acting President and CEO

The board of directors of Vancouver, WA-based Riverview Bank voted to terminate, without cause, the employment of Kevin J. Lycklama, president and CEO of the bank, effective Sept. 6. The bank named Daniel Cox acting president and CEO. read more

Eastern Bank Adds New Members to Board of Advisors and Board of Ambassadors

Boston-based Eastern Bank selected six community and business leaders for its board of advisors and board of ambassadors. read more

Five Star Bank Partners with Numerated to Expand Small Business Lending Solutions

Warsaw, NY-based Five Star Bank expanded its suite of small business products and services. Through a partnership with Numerated, a business banking financial technology company, Five Star Bank is now offering digital loan origination for small businesses. read more

IOU Financial Declines North Mill Equipment Finance’s Acquisition Proposal

IOU Financial informed North Mill Equipment Finance that the proposal IOU received from North Mill to acquire all outstanding shares of IOU at a price of $0.28 cash for each share did not constitute a "superior proposal" to a previous arrangement with 9494-3677 Québec Inc. read more

ELFA Asks CFPB to Apply Section 1071 Judicial Delay to All Members

In a letter to the Consumer Financial Protection Bureau, the Equipment Leasing and Finance Association asked the bureau to expand a recently issued injunction staying the effective dates of Section 1071 of the Dodd-Frank Act to include all affected financial institutions.  read more

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