Today’s News

Snap-on Financial Services Earns 5.5% Increase in Q2 Revenue

Snap-on reported financial services revenue in Q2/18 of $82.0 million, which marked a 5.5% increase compared to Q2/17. read more

Wintrust Financial Reports Growth of $1B in Q2/18 Total Assets

According to Wintrust Financial’s Q2/18 earnings report, total assets increased by $1.0 billion from the prior quarter and now total roughly $29.5 billion. read more

Fleet Advantage Estimates $27K in Savings from New Truck Procurement

According to Fleet Advantage, transportation companies can realize a first-year savings of $26,687 when upgrading from a 2012 sleeper model-year truck to a 2019 model. read more

Liberty Commercial Finance Relocates Corporate HQ

Independent equipment finance provider Liberty Commercial Finance opened a new corporate headquarters in Tustin, CA. read more

CIT Northbridge Arranges $17MM Credit Facility for Walker Zanger

CIT Group’s joint venture financing unit CIT Northbridge Credit served as sole lead arranger on a $17 million senior secured revolving and term loan credit facility for Walker Zanger. read more

BB&T Reports 6.3% Annualized Growth in C&I Loans

BB&T Financial Services and Commercial Finance, which includes BB&T’s equipment finance product, reported net income of $145 million for Q2/18, an increase of $11 million compared to the earlier quarter. read more

CWB Franchise Finance Provides Financing for Ricky’s Group Acquisition

CWB Franchise Finance provided a term loan facility to Ricky’s Family Restaurants for the acquisition of the Famoso Neapolitan Pizzeria chain. read more

United Rentals Reports 19.3% Increase in Q2/18 Rental Revenue

United Rentals reported a 19.3% year over year increase in rental revenue during Q2/18. read more

Equipment Leasing and Finance Industry Confidence Eases in July

According to the Equipment Leasing & Finance Foundation’s July 2018 Monthly Confidence Index for the Equipment Finance Industry, overall confidence in the equipment finance market is 62.8 in July, easing from the June index of 66.2. read more

CIT Integrates FlexAbility Solution with ECi’s E-Automate Software

CIT Group announced the integration of its FlexAbility solution with ECi's e-automate software product. read more

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Terry Mulreany
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