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United Community Banks Merges with Reliant Bancorp, Transaction Valued at $517MM

United Community Banks and Reliant Bancorp executed a definitive merger agreement pursuant to which United will acquire Reliant and its wholly-owned subsidiary, Reliant Bank, in an all-stock transaction with an aggregate value of approximately $517 million. read more

GE Agrees to Combine GECAS with AerCap for More Than $30B

GE entered an agreement to combine its GE Capital Aviation Services business with AerCap. Under the terms of the transaction agreement, which was approved by the boards of directors of both companies, GE will receive consideration valued at more than $30 billion. read more

North Mill Equipment Finance Appoints Four New Employees

North Mill Equipment Finance appointed Matthew Mosley broker relationship manager, Max Russell Jr. asset management associate, Bryan Rosado Delgado asset recovery associate and Jacob Keller staff accountant. read more

GE Aviation: Joyce Retiring as President & CEO, Slattery to Assume Role

David Joyce, president and CEO of GE Aviation, will retire after 40 years of service. John Slattery, Embraer’s president and CEO of Commercial Aviation will step into the role. read more

First National Bank to Open New Offices in Washington, D.C, Area

First National Bank plans to open a Washington, D.C. retail location, along with additional de novo locations in the D.C. Metro area and in northern Virginia. read more

AACFB Elects Three New Members to 2019-2020 Board

The AACFB elected three new members to the Board of Directors, as well as officers to the positions of president, president-elect and vice president. The new board members are Charles Callahan, Jr., Laura Estrada and Teresa Thacker. read more

GE Replaces Flannery with New Chairman & CEO

GE named H. Lawrence Culp, Jr. chairman and CEO succeeding John Flannery. The GE board also appointed Thomas W. Horton as lead director. read more

July YTD U.S. Cutting Tool Consumption Up 11.7%

According to the U.S. Cutting Tool Institute and The Association for Manufacturing Technology, the July YTD U.S. cutting tool consumption of $1.41 billion is up 11.7% when compared with 2017. read more

Saunders Leasing Chairman, TRALA Founder Passes Away

TRALA announced the passing of its founding Chairman, Harris Saunders, Jr. Saunders, who spent nearly 40 years building Saunders Leasing System into the third largest truck leasing company in the U.S. before it was sold to Ryder System. read more

SunTrust Earnings Benefit from $172MM Tax Reform-Related Items

SunTrust reported Q4/17 net income of $710 million was up from $448 million for the same quarter in 2016. The bank noted results included a $172 million after-tax net benefit from tax reform-related items. read more

ECN Capital Closes Acquisition of Triad Financial Services

ECN Capital closed the acquisition of Triad Financial Services which will expand ECN’s U.S. finance business into prime and super-prime manufactured housing lending. read more

Marlin Hires Direct Originations Sales Team

Marlin Business Services hired Timothy L. Bonagura, Michael K. Stanley and Matthew D. Manning, an experienced direct sales team that will focus exclusively on serving Marlin’s existing small business customers. read more

BDC Capital Names Flynn New Chief Operating Officer

BDC Capital appointed Paul Flynn, Jr. chief operating officer. Flynn also serves as president and chief operating officer of the New England Certified Development Corporation, BDC’s SBA 504 lending affiliate. read more

Reed Named President John Deere Financial, Mack Retires as Group Head

Deere & Company appointed Cory J. Reed president of John Deere Financial, effective November 1, 2016. Deere also said Michael J. Mack, Jr. will retire as group president of John Deere Financial Services. read more

Signature Financial Hires Equipment Finance, ABL Specialists

Signature Financial has expanded both its specialty equipment finance subsidiary and its asset-based lending group. read more

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