Horizon Bank appointed David Pendley the divisional president of mortgage banking. Pendley will lead the strategic direction and growth of the bank’s mortgage banking division, with responsibility for sales, operations, underwriting, secondary markets and closing. read more

FEB 23, 2024 - 6:34 am

GemCap, a Texas-based provider of revolving credit facilities, term loans and factoring facilities for small and medium-sized businesses across the U.S. and Canada, chose FGI Worldwide’s T.R.U.S.T. platform as a risk mitigation solution for client credit insurance policies. read more

FEB 23, 2024 - 6:33 am

Monitor will host a free livestream on March 6 at 1 p.m. ET to announce the top nominees for the Converge 2024 Awards Gala. Lisa Rafter, publisher of Monitor, will announce the top four to six nominees in each nominated category of the Converge Awards. read more

FEB 22, 2024 - 6:45 am

The Equipment Leasing & Finance Foundation released the February 2024 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI). The index reported that, overall, confidence in the equipment finance market is 51.7, an increase from the January index of 48.6. read more

FEB 22, 2024 - 6:45 am

Channel hired Bob Stark as chief syndication officer and Jackie Boos as director of syndication sales. Previously, Stark served as the senior managing director of capital markets and corporate development at TCF Equipment Finance, now Huntington Bank, for more than 22 years, while Boos has 21 years of experience gained from roles at TCF Equipment Finance/Huntington Bank. read more

FEB 22, 2024 - 6:45 am

According to Wolters Kluwer's Equipment Lease Finance Digital Transformation Index, the rate of adoption for digital contracting in the equipment finance industry has increased by 22% over the last four years and the Q4/23 digital adoption rate was up 3% compared with Q4/22. read more

FEB 22, 2024 - 6:44 am

Global Jet Capital published its Q4/23 Business Aviation Market Brief this week, noting that flight operations in the business jet sector declined on a year-over-year basis while constraints on supply chains and the labor market held deliveries back in Q4/23. read more

FEB 22, 2024 - 6:44 am

According to a report from Bain & Company, wholesale bank revenue growth rates could drop to a CAGR of 2% by 2025. To address this imminent crunch, Bain & Company urges wholesale banks to seize new sources of growth, including climate finance and AI deployment. read more

FEB 22, 2024 - 6:44 am

Element Fleet Management established a centralized leasing function in Dublin and plans to create more than 70 new jobs in the process. The project is being supported by the Irish government through IDA Ireland. read more

FEB 22, 2024 - 6:43 am

Five Star Bancorp, which operates through its wholly-owned subsidiary, Five Star Bank, hired a team of five commercial banking professionals in San Francisco to advance the company’s expansion strategy in the San Francisco Bay Area. read more

FEB 22, 2024 - 6:40 am

Auxilior Capital Partners hired Rafe Rosato as senior vice president and managing director of its financial institutions group, according to a LinkedIn post from Rosato. Previously, Rosato spent more than 25 years at DLL, most recently serving as chief innovation officer and chief digital officer. read more

FEB 21, 2024 - 6:56 am

The board of directors of PNC Financial Services unanimously appointed Michael P. Lyons president of the company and its wholly-owned banking subsidiary, PNC Bank. Lyons has been an executive vice president and head of corporate and institutional banking since he joined PNC in October 2011. read more

FEB 21, 2024 - 6:54 am

Trinity Capital committed $120 million in equipment financing to Rocket Lab, a provider of space launch services and advanced satellite technology. This financing comes on the heels of Rocket Lab's $515 million contract with the Space Development Agency to design, develop, produce, test and operate 18 satellites. read more

FEB 21, 2024 - 6:54 am

Western Alliance Bank appointed Bret Rathwick and Michael Anthony to its commercial and industrial team, with Rathwick assuming the role of vice president and relationship manager in the bank’s Costa Mesa, CA, office and Anthony taking on a similar role in Los Angeles.  read more

FEB 21, 2024 - 6:52 am

Capital One Financial and Discover Financial Services entered into a definitive agreement under which Capital One will acquire Discover in an all-stock transaction valued at $35.3 billion. read more

FEB 21, 2024 - 6:50 am