News

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

CNH Industrial Capital Canada Prices $298.46MM of 5.5% Notes

CNH Industrial Capital Canada, a wholly-owned subsidiary of CNH Industrial, priced C$400 million ($298.46 million) in aggregate principal amount of 5.5% notes due Aug. 11, 2026, with an issue price of 99.883%. read more

JPMorgan Chase Opens New Offices in India

JPMorgan Chase opened two new facilities in Mumbai and Bengaluru, strengthening its presence in India. The new workplaces are two of the firm’s largest technology and operations centers. read more

Bryn Mawr Capital Management Expands into Southern Delaware and Florida

Bryn Mawr Capital Management, a subsidiary of WSFS Financial, expanded into southern Delaware and established a new presence in Boca Raton, FL, after closing an asset purchase agreement with a woman-owned investment advisory firm based in Rehoboth Beach, DE. read more

Economic Activity in Hospital Sector Grows in July

Economic activity in the hospital subsector grew in July for the second consecutive month after one month of contraction preceded by 35 consecutive months of growth, according to the latest Hospital ISM Report on Business from the Institute for Supply Management. read more

Regions Bank Expands Integrated Billing and Payments for Business Clients

Regions Bank expanded its integrated billing and payments suite for business clients through a new digital solution powered by Mastercard, as well as Nordis Technologies, that enables clients to streamline electronic bill presentment and payments. read more

Gordon Brothers Engaged to Sell Multi-Purpose Platform Supply Vessel

Gordon Brothers has been engaged on an exclusive basis to offer for sale by private treaty the Tek-Ocean Spirit, a multi-purpose platform supply vessel, on behalf of Barry Wight and Daniel Juratowitch of Cor Cordis, the administrators of Tek-Ocean Group. read more

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