Today’s News

DLL Launches New Business Unit for Usage-Based Financing

Asset-based financing solutions provider DLL formed a new Global Business Unit, Direct Solutions, to lead the organization’s innovative approach around usage-based consumption products. Steve Riggs will lead the new division. read more

Rasch Joins Everlasting Capital as Finance Manager

Everlasting Capital appointed Justin Rasch finance manager on its business development team. Rasch will be based out of company’s headquarters in Rochester, NH. read more

Greenbrier to Acquire American Railcar Manufacturing Business

The Greenbrier Companies entered into an agreement to acquire the manufacturing business of American Railcar Industries from ITE Management in a transaction valued at $400 million. read more

Signature Bank Net Income Hits $144.1MM in Q1/2019

Signature Bank reported its results for the first quarter of 2019 ended March 31. Net income for the quarter was $144.1 million versus $34.5 million for the 2018 first quarter. read more

Crestmark Provides $43.9MM+ to 78 Businesses in H1/April

Crestmark provided more than $43.9 million in commercial financing to 78 businesses in the first half of April 2019. read more

Textron Reports Higher Q1/19 Jet & Turboprop Deliveries

Textron reported higher Q1/19 Aviation segment profit on significant increases in year-over-year jet and turboprop deliveries. The backlog at the end of the quarter of $2 billion was up $204 million from year end. read more

Preliminary Used Class 8 Volumes Jump 25% M/M in March

Preliminary used Class 8 volumes (same dealer sales) jumped 25% month-over-month in March, following a modest decline in February, according to the latest State of the Industry: U.S. Classes 3-8 Used Trucks published by ACT Research. read more

Wells Fargo Equipment Finance Promotes Collier to CAO

Wells Fargo Equipment Finance promoted Scott Collier to chief administrative officer. Collier assumes the role previously held by James Dore, who was recently named WFEF chief credit officer. read more

Capital One Appoints Raisig to Long Island Commercial Lending Team

Gary Raisig joined Capital One’s Middle Market Banking group on Long Island as a senior vice president and relationship manager. Raisig will report to Miriam Tanenbaum, head of Long Island and Queens Middle Market Banking. read more

ELFF Industry Snapshot Reports New Business Volume Off to Slow Start in 2019

The Equipment Leasing & Finance Foundation has released its Q2 2019 Equipment Leasing & Finance Industry Snapshot, a resource for industry participants to incorporate into executive briefings and presentations. read more

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Terry Mulreany
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