EverBank in ‘Advanced Negotiations’ to Be Acquired
As a result of an ongoing review of its strategic alternatives, EverBank entered advanced negotiations with a well-respected financial services company regarding a transaction in which EverBank Financial would be acquired. Unlike the reports about Rabobank and DLL, this did come to pass, as EverBank was acquired by TIAA in a deal valued at $2.5 billion.
Wells Fargo Combines Equipment Finance Unit, Others into New Group
Wells Fargo consolidated a number of its business units, including its equipment finance division, into a single entity called Wells Fargo Commercial Capital.
EverBank Announces Leadership Appointments, Organizational Realignment
Prior to its acquisition by TIAA, EverBank expanded its Lender Finance division and combined the Capital Equipment Finance and Business Credit units into a single group, while also adding two former GE Capital employees to its senior management team.
MB Equipment Finance Adds Nine to Staff
MB Equipment Finance announced nine additions to its team, including six senior relationship managers, two senior credit underwriters and a senior documentation leader.
The Innovation Advisory Council of the Equipment Leasing and Finance Association presented a virtual Innovation Roundtable hosted by Deborah Reuben from TomorrowZone on Feb. 16. The Innovation Advisory Council, which initially began as a working group, is comprised of C-level... read more
How is the level of deal flow activity today versus what it was a year ago? If activity is higher, is it the result of more deal flow from existing sources or an increase in the number of origination sources,... read more