Last Week’s Top Stories

Sterling to Acquire Woodforest ABL and Equipment Finance Businesses

Sterling Bancorp, through its principal subsidiary, Sterling National Bank, agreed to acquire the asset-based and equipment finance lending businesses of Woodforest National Bank. read more

GE Capital Vet McCarthy Joins Key Equipment Finance as SVP

Dave McCarthy joined Key Equipment Finance as senior vice president of the federal finance team in the Government Finance division. read more

Ascentium Partners with Massage Envy for Strategic Finance Program

Direct lender Ascentium Capital developed a national finance program with Massage Envy, a provider of therapeutic massage and skin care services, to support the latter’s franchisees. read more

L’Herault Joins Hitachi Business Development Team

Greg L’Herault joined the business development team of Hitachi Business Finance, where he will concentrate his efforts on attracting new asset-based lending, syndication and factoring clients across the United States. read more

New Lease Accounting Standards Can Lead to New Savings for Companies

According to the Wall Street Journal, the new lease accounting standards have given some companies the opportunity to find unexpected savings, despite the more time-intensive reporting requirements. read more

Alta Supports FGL Investment in Pacific Rim Capital

Pacific Rim Capital received a significant investment from Japanese lessor Fuyo General Lease. The Alta Group initiated the transaction and acted as exclusive financial advisor to FGL on it. read more

Amtrak Seeks New Passenger Equipment for Northeast Regional Rail

Amtrak has released a Request for Proposals for a new fleet of single-level passenger rail vehicles and equipment with contemporary rail amenities to replace its Amfleet I cars. read more

Stonebriar Closes $81.6MM Term Loan Led by DVB Bank

Commercial finance and leasing company Stonebriar Commercial Finance closed a new $81.6 million term loan. DVB Bank acted as arranger on the facility. read more

Peapack-Capital Appoints Mattaliano as VP/Sr. Underwriter, Equipment Finance

Anthony Mattaliano joined Peapack Capital as vice president, senior credit underwriter, responsible for the evaluation and due diligence of equipment finance and leasing clients and preparation of loan proposals. read more

Priority One’s Growing Equipment Finance Division Increases Staff

Priority One Financial Services, the industry’s oldest and largest F&I outsourcing provider, added Kristopher Dobrowski and Mark Schiller to its equipment finance division. read more

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