An affiliate of Carlyle Aviation Partners completed its previously announced acquisition of Fly Leasing. The closing of the transaction follows the receipt of regulatory approval and approval by Fly Leasing's shareholders. read more

AUG 3, 2021 - 6:48 am

Newtek Business Services, an internally managed business development company, entered into an agreement to acquire National Bank of New York City for $20 million in cash. The acquisition is part of a plan to reposition Newtek as a bank holding company. read more

AUG 3, 2021 - 6:47 am

First Foundation Bank expanded its team with the appointment of Matthew Ashworth as senior vice president and director of commercial banking, Leeza Jinian as senior vice president and commercial banking manager and Yenee Mesfin as senior vice president and commercial banker. read more

AUG 3, 2021 - 6:45 am

Detmar Logistics executed a reservation agreement covering 300 Hypertruck ERX systems with Hyliion, a provider of electrified powertrain solutions for Class 8 semi-trucks. read more

AUG 3, 2021 - 6:44 am

TowneBank’s board of directors elected Brad Schwartz as president and chief operating officer. Schwartz will succeed J. Morgan Davis, who will continue to serve as CEO of the company. read more

AUG 3, 2021 - 6:42 am

Economic activity in the manufacturing sector grew in July, although at a slower rate than June, with the overall economy notching a 14th consecutive month of growth, according to the Manufacturing ISM Report on Business from the Institute for Supply Management. read more

AUG 3, 2021 - 6:39 am

Aviation Capital Group, an aircraft asset manager, delivered one new Airbus A321neo aircraft on long-term lease to Viva Aerobus. read more

AUG 3, 2021 - 6:31 am

TAB Bank provided a $9 million asset-based credit facility to a chemical manufacturer in Texas. The facility included a $6 million accounts receivable and inventory line and a $2 million equipment loan with additional equipment funding available for future capex needs. read more

AUG 3, 2021 - 6:29 am

Quality Leasing, the commercial equipment financing subsidiary of the Tom Wood Group, hired Patrick R. O’Connor, CLFP, as a sales consultant. O’Connor joined Quality Leasing with more than 12 years of experience in various financial industry roles, most recently serving as director of sales and capital markets at TimePayment. read more

AUG 2, 2021 - 6:25 am

The rebound from 2020 continued for smartphones in Q2/21, as overall shipment volumes grew 13.2% year over year, according to International Data Corporation, slightly beating IDC's forecast of 12.5% growth. read more

AUG 2, 2021 - 6:24 am