Today’s News

PIMCO and GECAS Create $3B Aviation Leasing Investment Platform

PIMCO, a fixed income investment manager, and GE Capital Aviation Services reached a preliminary agreement to develop an aviation leasing platform to support up to $3 billion in aircraft asset financings. read more

Martella Joins Arboretum Commercial Finance

Arboretum Commercial Finance hired industry-veteran John Martella as a business development officer for its expanding middle market operations. read more

Former Head of Equipment Finance for Fifth Third Joins Old Second Bancorp’s Board

Old Second Bancorp, the holding company for Old Second National Bank, added two new members to its board of directors, including Jill E. York, who most recently served as president and head of equipment finance and leasing solutions for Fifth Third Bank until April 2020. read more

Fleet Advantage Sells More Than $10MM in Off-Lease Used Trucks in Fiscal Q1/20

Fleet Advantage has been active in the sales of off-lease used trucks this year, with total units sold exceeding 400 units and sales in excess of $10 million in its fiscal first quarter ending Sept. 30, 2020. read more

Kelly Joins SMBC as U.S. Chief Information Officer

David Kelly joined SMBC as U.S. chief information officer. Kelly has more than 20 years of experience, having most recently served as CMG’s chief technology officer. read more

North Star Leasing Donates Equipment to Firewood Donation Initiative in Vermont

North Star Leasing is donating a portable wood conveyor to Wood for Good, an initiative donating firewood to Vermonters who need to heat their homes. read more

Align Business Finance Completes $27MM in Recent Transactions

Align Business Finance recently completed $27 million in transactions, including a $17 million capital lease for a heavy construction company in California. read more

ACT Not Concerned About North American Commercial Vehicle Demand for 2021

According to ACT Research’s latest State of the Industry: NA Classes 5-8 Report, commercial vehicle demand into 2021 should not be counted among the concerns regarding the economy in the coming months. read more

ELFA: Compensation in the Equipment Finance Industry Grew Modestly in 2019

Compensation in the equipment finance industry increased moderately in 2019, according to the 2020 Equipment Leasing and Finance Compensation Survey from the Equipment Leasing and Finance Association and McLagan. read more

NEFA Names Carini President/Chairwoman of the Board at Annual Meeting

The National Equipment Finance Association held its 2020 Annual Meeting virtually on Oct. 15. During the meeting, Laura Carini, CLFP, of Financial Pacific Leasing was named new president and chairwoman of the board. read more

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Terry Mulreany
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