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
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
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
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
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
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
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
Do not underestimate the impact of the coronavirus on a company’s Q1 and Q2 2020 financial results. The supply chain issues are unknown, the potential economic slow down is unknown, and the length of time the impact will be felt... read more
Introduction As I glanced through the recent Monitor 100, I noticed that one third were independents with more than $11 billion in collective volume, or 6% of the entire group, (up from 4.8% in 2018). That $11 billion market share... read more
The global shortage of semiconductor chips has had far-reaching consequences spanning multiple industries. The supply chain is fragile, priority is given to those who need the chips most and incentives are projected to be low throughout 2022. This lesson in supply and demand is not all bad news, however, as Jeff Barron of Bancorp Bank details.
Vice President, Syndication,
Ray Ellingsen, Vice President of Syndication and Operations at Corcentric, details steps to take in the transformation from paper mess to paperless amid a rapidly digitalizing, post-COVID-19 environment.