Chesswood’s president and CEO, Barry Shafran, is retiring and Ryan Marr will assume his position. Ed Sonshine rejoined the board of directors and David Obront stepped down. read more

JUL 1, 2020 - 6:38 am

Chesswood Group provided an update on the effects of COVID-19 on its business and banking activities. read more

JUN 24, 2020 - 6:44 am

Chesswood Group is temporarily suspending its monthly dividend as part of a broader initiative to draw on its revolving credit facility to resume funding new business in the U.S. Ryan Marr joined as an advisor to help design and implement new funding strategies for our businesses. read more

MAY 19, 2020 - 7:00 am

Chesswood Group made a temporary change in its monthly dividend and announced other measures to deal with COVID-19, including reductions to staff and management salaries. read more

APR 22, 2020 - 6:55 am

Chesswood Group reported its 2019 results, including record-breaking originations of $442 million and a portfolio of $1 billion. read more

MAR 19, 2020 - 6:55 am

Barry Shafran

From Chesswood’s original roots in the new car automotive retail and leasing space in Canada in the late 1990s, sprung Chesswood Income Fund (later Chesswood Group), in May 2006. As part of the simultaneous transaction of becoming Chesswood, a publicly... read more

January 2019

Chesswood Group released its results for the third quarter and nine-months which ended on September 30, 2019. read more

NOV 14, 2019 - 6:40 am

Pawnee Leasing renewed a $250 million warehouse facility as part of a larger renewal by Chesswood Group of its two primary borrowing facilities. Both facilities were led by Royal Bank of Canada. read more

OCT 3, 2019 - 6:40 am

Commercial equipment finance provider Chesswood Group reported its results for the second quarter of 2019. Adjusted operating income for the second quarter was $8 million. read more

AUG 5, 2019 - 6:50 am

Sun Life Assurance Company of Canada closed a new funding facility with Chesswood Group’s subsidiary Pawnee Leasing. read more

JUL 23, 2019 - 6:35 am

Chesswood announced Q1/19 results, including a 24% portfolio increase as well as the first $1 million in originations by its newly launched U.S. vendor finance business, Tandem Finance. read more

MAY 15, 2019 - 6:00 am

Chesswood Group expanded its equipment finance footprint in the U.S. with the launch of Tandem Finance, a provider of financing for equipment purchases to small and medium sized businesses of all credit profiles. read more

MAR 21, 2019 - 7:00 am

Commercial equipment finance provider Chesswood Group reported its results for the fourth quarter and year ended December 31, 2018. Finance receivables exceeded $900 million for the first time. read more

MAR 14, 2019 - 6:45 am

Chesswood Group’s largest subsidiary, Pawnee Leasing, closed a $250 million warehouse facility to fund its growing prime portfolio. read more

AUG 20, 2018 - 7:07 am

Chesswood reported gross finance receivables grew to C$804 million ($611.5 million) in Q2/18 driven by record originations of C$114 million ($86.7 million), a 31% increase from C$87 million ($66.2 million) in Q2/17. read more

AUG 13, 2018 - 1:26 pm