News

CFOs Express Greater Optimism About North American Economy in Q1/24

According to Deloitte’s quarterly CFO Signals survey, in North America, 59% of CFOs expressed optimism for the current economy in Q1/24, up from the 47% tracked in Q4/23. read more

Mitsubishi HC Capital America Targets AI Predictive Purchase Model

Mitsubishi HC Capital America embedded MuleSoft Robotic Process Automation to serve as an incremental catalyst to surfacing sales opportunities through its customized predictive artificial intelligence purchase model. read more

Wintrust Commercial Finance Promotes DeRusha and Horner to EVP Positions

Wintrust Commercial Finance promoted Brian DeRusha from senior vice president to executive vice president and director of asset management and Ron Horner from senior vice president to executive vice president and general counsel. read more

Tamarack Appoints Senior Account Executive and Business Development Representative

Equipment finance technology company Tamarack Technology expanded its sales team with the addition of senior account executive Corey Ashline and business development representative Whitney Horan. read more

Maritime Financing Company Maritime Partners Adds to Executive Team

Maritime Partners, a provider of maritime financing solutions primarily focused on Jones Act vessels, hired Stephen J. Bordes as CFO and Greg Chase as chief legal officer. Bordes was previously CFO of American Industrial Partners and Chase joined from Reed Smith. read more

Berkshire Hills Bank Hires Childs as Chief Commercial Deposit Officer

Berkshire Hills Bancorp, the parent company of Berkshire Bank, hired Torrance Childs as chief commercial deposit officer. Childs was previously president of private banking at Boston Private Bank & Trust. read more

WebBank Appoints Cannon SVP and Chief Operations Officer

WebBank appointed Erik Cannon senior vice president and chief operations officer. Cannon joined WebBank in 2016 and was most recently senior vice president of due diligence and implementation and general manager of National Partners, the bank’s insurance premium finance subsidiary. read more

Cisco Systems Capital Elevates Small to President

Cisco Systems Capital, a wholly-owned subsidiary of Cisco Systems and the company’s global captive finance business, named Nick Small president. He will lead the company’s global captive finance business. read more

Confidence in Equipment Finance Market Increases in March

Overall, confidence in the equipment finance market increased for the third consecutive month to 55.2 in March, up from the February index of 51.7, and the highest level since April 2022, according to the Equipment Leasing & Finance Foundation’s March 2024 Monthly Confidence Index. read more

Channel Appoints Ceribelli President, Accelerating Strategic Leadership

Channel appointed Rob Ceribelli to the role of president. Ceribelli will spearhead daily operations, streamline processes, optimize resources and implement strategies to boost overall efficiency and profitability. He will steer the control framework, oversee operational rhythm and ensure the company meets its objectives. read more

QuickFi Selected as Finalist in 3 Embedded Finance Categories at 2024 U.S. Banking Tech Awards

QuickFi was named a finalist in the New York 2024 Banking Tech USA Awards across three categories: Best Embedded Finance Initiative, Best Embedded Finance Solution, and Vehicle & Equipment LendTech of the Future. read more

Amur Equipment Finance Earns Great Place to Work Certification for Sixth Straight Year

Amur Equipment Finance was certified by Great Place to Work for the sixth consecutive year. Amur employees rated the company 34 points higher than typical U.S. companies surveyed.  read more

Simpson Thacher Adds Finance and Credit Partners in London

Paul Hibbert and Emma Serginson joined Simpson Thacher & Bartlett’s London office as partners, focusing on financing and credit matters across the infrastructure sector, among other areas. Both Hibbert and Serginson joined the firm from Weil, Gotshal & Manges. read more

ELFA Releases Details About 2024 Legal Forum

The Equipment Leasing and Finance Association released the agenda for its 2024 Legal Forum and recognized the members who are serving on its 2024 legal committee. The forum will be held from May 5 to May 7 and offered both in-person in Scottsdale, AZ and virtually at a discounted rate. read more

Alfa Introduces Sustainability, the Third Pillar of Alfa Systems 6

Alfa, a provider of technology for the equipment finance industry, released Sustainability, the third of six releases that make up Alfa Systems 6, the latest iteration of the company's Alfa Systems software platform. read more

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