Karen Larrimer, head of retail banking and chief customer officer at PNC, will retire after more than 27 years with the bank. Alex Overstrom, PNC's current head of small business and deputy head of retail banking, will assume responsibility for leading the retail banking line of business. read more
PNC Bank launched a new minority business development group, which will focus on advancing the financial wellness of emerging minority-owned businesses. Marshalynn Odneal, national sales executive for minority business, will lead this national effort. read more
PNC Bank appointed two regional presidents in California. Jarrod Ingle joined as the regional president and head of corporate banking for the Orange County-Inland Empire market, while Todd Wilson joined as regional president for the Greater Los Angeles Metropolitan Area. read more
Container leasing company Triton International took multiple actions to implement its planned transition to a debt capital structure made up of primarily unsecured debt, including amending and restating its existing revolving and term loan facilities so that both will now be unsecured. read more
Monitor caught up with Eric Hanson to talk about four major trends that will shape investment in the equipment finance industry in 2021. As large financial institutions refine their approach to the market and institutional investors continue to favor equipment asset class gains, investors have gained the benefit of premium returns, while equipment finance companies enjoy unprecedented access to capital. ... read more
string(13) "James Jackson"
string(59) "Co-CEO & Leader of Merger and Acquisition Advisory Practice"
string(14) "The Alta Group"
M&A activity almost came to a halt in 2020, but 2021 has kicked off with a flurry of activity. James Jackson reviews the notable transactions of the last year and says future economic indicators point to continued M&A activity in 2021 as well as strong valuations of quality equipment finance companies.... read more
Peapack-Gladstone Financial appointed Maureen O’Hara to the role of senior managing director, commercial private banker of its commercial and industrial business. O’Hara most recently served as a principal relationship manager at Wells Fargo. read more
Ryder System entered into a new 364-day unsecured syndicated term loan totaling $400 million with a syndicate of eight large financial institutions led by Bank of America as administrative agent. read more
PNC Bank agreed to acquire Ambassador Financial Group, a provider of balance sheet management, investment banking and capital markets services to banks, insurance companies, and other financial institutions. read more
The PNC Financial Services Group increased the number of directors on its board to 14 and appointed three new members. Joseph Alvarado, Richard Harshman and Toni Townes-Whitley joined PNC's board. read more
As a result of the COVID-19 pandemic, many people have adjusted their expectations for employers, preferring those that place the well-being of employees above profits, or opting to leave jobs entirely. This so-called “Great Resignation” has left many firms scrambling... read more
Nature abhors a vacuum. Equipment finance abhors bankruptcy. Whether in securitized or large, single-asset financings, financiers structure transactions to be “bankruptcy remote.” This article will discuss a December 2021 bankruptcy court bench ruling that found certain protective provisions to be... read more