News

Horizon Bank Hires Roeun as Funding Manager for Equipment Finance Division

Horizon Bank hired Mya Roeun as funding manager in its equipment finance division. Roeun has more than five years of specialized experience in equipment finance and a total of 12 years of experience in finance and accounting. read more

AP Equipment Financing Hires Ovsak as VP of Strategic Alliances and Sourcing

AP Equipment Financing expanded its team by hiring Geliene Ovsak as vice president of strategic alliances and sourcing. Ovsak has more than 30 years of experience in the fleet industry and specializes in strategic sourcing and managing supplier relationships. read more

Santander Begins Servicing $9B Real Estate Portfolio of Signature Bank, Names Marshall Head of Corporate & Middle-Market Banking

Santander Bank is now servicing 100% of the assets in a $9 billion portfolio of New York-based, multifamily real estate assets formerly owned by Signature Bank. In addition, the bank named Ellen Marshall head of corporate and middle-market banking. read more

Certified Lease & Finance Professional Foundation Adds 18 New CLFPs

The Certified Lease & Finance Professional Foundation certified 18 individuals who recently passed the online proctored CLFP exam. read more

American Association of Commercial Finance Brokers’ 2024 Annual Conference Recap

The American Association of Commercial Finance Brokers wrapped up its 2024 Annual Conference on April 18 in Glendale, AZ, at the Renaissance Phoenix Glendale Hotel & Spa. read more

Encina Provides $25MM Senior Credit Facility to Consumer Unsecured Installment Lending Platform

Encina Lender Finance closed a $25 million senior credit facility for a consumer unsecured installment lending platform with a 20-plus-year track record. The borrower will use this facility for continued portfolio growth. read more

U.S. Bank CFO Survey: Corporate Finance Leaders Tighten Belts Amid Uncertainty

U.S. corporate finance leaders have increased focus on cutting costs to prepare their firms for potential economic and geopolitical uncertainty, according to the fourth annual U.S. Bank CFO Insights Report. read more

SLR Equipment Finance Hires Slagle as SVP of Direct Sales

SLR Equipment Finance hired Douglas Slagle as senior vice president of direct sales. In his role, Slagle will help grow SLR Equipment Finance’s leasing and lending activities in California, Oregon, Washington, Idaho, Nevada, Arizona, Utah, Wyoming, Montana and Alaska. read more

Tamarack’s AI Product Suite Surpasses Milestone of 50K in Contracts and $5B in Assets Managed

Tamarack Technology reached a significant milestone with its Tamarack AI Product Suite. As of April 2024, the company's equipment finance customers are using its software-as-a-service products to manage more than 50,000 contracts with combined contract balance receivables of more than $5 billion. read more

Mitsubishi HC Capital America Reveals Key Factors Shaping Adoption of Robotics-as-a-Service

According to Mitsubishi HC Capital America, the top factors when considering adopting robotics-as-a-service include cost management, technical expertise, access to the latest technology, the ability to monetize RaaS contracts, flexibility, and bundling updates and support. read more

M&T Bank Partners with Sunstone Credit on Solar Financing Program for Businesses

Commercial solar loan platform Sunstone Credit is partnering with M&T Bank on a program to provide businesses access to solar financing. read more

Stradley Ronon Launches Office in Southern California, Cho to Lead

Law firm Stradley Ronon launched an office in Southern California, marking the firm’s ninth office and first on the West Coast. The office, which is located in Long Beach, CA, will be led by partner-in-charge Esther E. Cho, who previously served as chair of Keesal, Young & Logan’s executive committee. read more

b1BANK to Acquire Oakwood Bank for $85.7MM

Business First Bancshares, the holding company for b1BANK, entered into a definitive agreement to acquire Oakwood Bancshares and its wholly-owned bank subsidiary, Oakwood Bank, in an all-stock transaction for total consideration value of approximately $85.7 million. read more

Equipment Leasing & Finance Foundation Releases Q2/24 Industry Snapshot, Projects 2.3% Economic Growth

The Equipment Leasing & Finance Foundation released its Q2/24 Equipment Leasing & Finance Industry Snapshot, with the report predicting 2.3% economic growth in the U.S. in 2024, as well as a potentially consumer spending slowdown and sluggish global economic growth. read more

Wingspire Equipment Finance Provides $25MM in Equipment Leasing to Automotive Supplier

Wingspire Equipment Finance provided a $25 million equipment leasing commitment to a global automotive supplier to support its growth and capital expenditure initiatives. read more

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