Chesswood Group reported that its U.S equipment finance segment increased interest revenue on leases and loans by $2.7 million in 2021 compared with 2020. In addition, its Canadian equipment financing segment generated a year-over-year increase in revenue of $17.6 million. read more

MAR 10, 2022 - 6:50 am

Chesswood Group’s U.S. equipment finance segment (Pawnee Leasing and Tandem Finance) reported interest revenue on leases and loans of $24.3 million and ancillary and other income of $3.1 million, a total increase of $3.6 million period over period. read more

NOV 8, 2021 - 6:24 am

In Chesswood Group’s Q3/20 earnings report, Ryan Marr, president and CEO of the company, said that lease modifications declined in the quarter and that the company expects to resume paying dividends starting in November. read more

NOV 12, 2020 - 7:22 am

Chesswood Group, a North American commercial equipment finance provider for small and medium-sized businesses, reported its Q2/20 results and provided a COVID-19 update, noting that COVID-19 related deferrals declined and 66% of the company’s portfolio is made up of prime credits. read more

AUG 11, 2020 - 6:53 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 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

Chesswood Group reported net income of $5.9 million in Q1/18, which was up more than 25% compared to $4.7 million a year earlier. Q1/18 originations were a record $94 million, up 19% compared to $79 million in Q1/17. read more

MAY 10, 2018 - 7:50 am

In addition to benefiting from a $9.4 million tax recovery, Chesswood Group announced it enjoyed a record year by most financial measures including originations, total portfolio size, finance margin and operating income. read more

MAR 13, 2018 - 6:17 am

Chesswood Group renewed its $250 million corporate revolving credit facility for a term of three years, expiring in December 2020. read more

MAR 6, 2018 - 6:06 am

Chesswood renewed its $250 million revolver for a term of three years and will redeem all $20 million of its outstanding debentures in January 2018. read more

DEC 13, 2017 - 6:34 am

Chesswood Group reported Q3/17 operating earnings of $6.7 million compared to $7.2 million during the same quarter a year ago. read more

NOV 9, 2017 - 6:20 am

Blue Chip Leasing, a division of Chesswood Group, appointed Marcelle Newstadt as sole president. read more

AUG 17, 2017 - 6:40 am

Chesswood Group will discontinue operations of Windset Capital, its U.S. working capital loan subsidiary, effective September 26, 2016, in order to focus solely on equipment finance. read more

SEP 20, 2016 - 7:06 am

Chesswood Group announced Q1/16 net income was $12.2 million, up $8.7 million from $3.5 million in Q1/15. Chesswood said the first quarter was most notable for strong originations. read more

MAY 13, 2016 - 7:20 am

Blue Chip Leasing appointed Jenifer Cua chief financial officer and also named Marcelle Newstadt and Ramon Chait co-presidents. read more

APR 8, 2016 - 7:07 am