News Topics

Aircraft Deals

Amazon to Lease Fifteen 737-800 Converted Freighters from GECAS

Online retail giant Amazon entered into a partnership with aircraft lessor GE Capital Aviation Services to lease an additional 15 Boeing 737-800 cargo aircraft. read more

Associations

Cohen to Share Cybersecurity Best Practices at ELFA Conference

Robert S. Cohen, partner at Moritt Hock & Hamroff, will lead a session on data breaches and security at the ELFA Credit & Collections Management Conference in St. Petersburg, FL on June 5. read more

Economy

IHS Markit Report Shows Softened Economy

Reuters reported that the IHS Markit U.S. manufacturing purchasing managers index (PMI) had a reading of 50.1, its lowest since September 2009. read more

Equipment Sector

ACT Research: All For-Hire Trucking Metrics, Except Capacity, Fall in May

The latest release of ACT Research’s For-Hire Trucking Index showed nearly across-the-board declines, with capacity being the lone exception. The Pricing Index fell to 38.8, the lowest in survey history. read more

Industry

Wells Fargo Releases 2019 Stress Test Results Under Dodd-Frank Act

Wells Fargo & Company released the results of its latest company-run stress test conducted in accordance with the Dodd-Frank Wall Street Reform and Consumer Protection Act. read more

International

FMO Approves $30MM Loan for Srei Equipment Finance

Srei Equipment Finance, a wholly-owned subsidiary of Srei Infrastructure Finance, received credit approval for $30 million from FMO, a Netherlands-based development finance bank. read more

Joint Ventures

DFNY, Dedicated Funding Enter into Strategic Partnership

Dedicated Funding NY formed a new partnership with Dedicated Funding, an equipment finance company that provides quick and simple financing solutions for titled equipment to businesses nationwide. read more

Lease Accounting

LeaseAccelerator Hosts Fourth Enterprise Lease Accounting Summit

Lease accounting software provider LeaseAccelerator kicked off the fourth annual Enterprise Lease Accounting Summit on Wednesday, June 12th in Fort Worth, TX. read more

Legal / Fraud

Blank Rome Opens Chicago Office and Adds Four-Partner Group

Blank Rome expanded its national platform to Chicago, with the addition of a four-partner group. The law firm expects the new office to launch upon the completion of certain regulatory requirements. read more

Mergers / Acquisitions

Great Western to Purchase Trust Assets of Independent Bank

Great Western Bank entered into an agreement to purchase and assume the management of the trust assets of Independent Bank acquired through its acquisition of Guaranty Bank and Trust Company in Colorado. read more

New Ventures

Huntington Creates Medical Practice Specialty Business Banking Unit

Huntington launched a health care finance team dedicated to helping private health care and medical practices located east of the Mississippi with specialized loan products, including, among other things, equipment finance. read more

Of Interest

Ritchie Bros. Sells $42MM+ in Assets in Houston Auction

Ritchie Bros. sold more than 4,100 equipment items over two days for over $42 million at its third Houston auction this year. read more

People

Minielly Replaces Fox on Sterling Board of Directors

Sterling Bancorp appointed Tom Minielly to its Board of Directors. Minielly replaces Jon Fox, who has retired and concurrently resigned from the Board. read more

Program Agreements

Marlin Capital Solutions, AINA Wireless Create Financing Program

Marlin Capital Solutions and AINA Wireless, a communications company that develops Bluetooth speaker-microphones, entered into a partnership to provide financing options for AINA Wireless customers. read more

Recent Earnings

SMBC Reports $344MM Pre-Tax Profit at Fiscal Yearend

Aircraft lessor SMBC Aviation Capital reported its results for the financial year which ended March 31, 2019, including a pre-tax profit of $344 million, an increase of almost 8% year over year. read more

Securitization

Ascentium Capital Executes $375MM Securitization

Equipment finance company Ascentium Capital executed a $375 million small ticket equipment securitization of Ascentium Equipment Receivables Series 2019?1, its eleventh such securitization. read more

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Terry Mulreany
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