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Peoples Financial Services and FNCB Bancorp Enter into Transformational Strategic Merger

Peoples Financial Services and FNCB Bancorp entered into a definitive agreement under which Peoples and FNCB will combine in an all-stock strategic merger valued at approximately $129 million. read more

Financial Service Leaders Believe Sector is ‘Digitally Fit’ But Anxious About AI

While most financial service leaders are confident about the digital fitness of their businesses, 26% have “tech anxiety” about AI and machine learning, according to Kin + Carta. read more

Velocity Enters into Strategic Funding Agreement with Targeted Lending

Velocity Equipment Finance has entered into a strategic funding agreement with Targeted Lending. read more

Wells Fargo, Centerbridge Partners Enter Strategic Direct Lending Relationship

Centerbridge Partners and Wells Fargo are entering into a strategic relationship focused on direct lending to non-sponsor North American middle market companies. read more

PEAC Solutions Promotes Sting to President of the Americas

PEAC Solutions promoted Greg Sting to president of the Americas. Sting will oversee all aspects of PEAC Solutions’ operations in the Americas, including credit, booking, sales support, customer care, collections, asset management and more. read more

Greenbrier Companies Orders for 15,300 New Railcars Valued at $1.9B

The Greenbrier Companies received orders for 15,300 new railcars with an aggregate value of $1.9 billion during its fiscal fourth quarter, which ended on Aug. 31, 2023. read more

Wintrust Specialty Finance Hires Longo as Chief Credit Risk Officer

Dominick Longo joined Wintrust Specialty Finance (WSF), a division of Beverly Bank & Trust Company, a Wintrust Community Bank, as senior vice president, chief credit risk officer. read more

HP Announces Finance Partner Endorsements for LEAF Commercial Capital and GreatAmerica Financial Services

HP announced two new finance partner endorsements, endorsing LEAF Commercial Capital and GreatAmerica Financial Services to provide financing options to SMBs and Amplify Power Services Print partners, respectively. read more

EquipmentShare to Offer $300MM in Additional Senior Secured Second Lien Notes

EquipmentShare, an equipment rental and equipment asset management company, intends to offer, in a private offering, subject to market and other conditions, an additional $300 million aggregate principal amount of its senior secured second lien notes due in 2028. read more

JPMorgan Chase Hires Hofmann and Linehan to Expand Commercial Real Estate Unit

JPMorgan Chase made two new hires to expand its agency execution capabilities within its commercial real estate division, adding John Hofmann as head of agency production and Todd Linehan as managing director. read more

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