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Fed Raises Interest Rates, First Rate Hike This Year

The Federal Reserve raised interest rates by a quarter-point, its first rate hike this year, in a decision that was widely anticipated by markets. read more

Balboa Capital Hires Veteran Regional Sales Manager for Vendor Services Group

Balboa Capital added Mark Johnston to its equipment vendor services group. Johnston brings more than two decades of experience in all facets of equipment financing. read more

Verhelle Forms New Financial Services Business

Bill Verhelle, the founder of Harvard Partners and First American Equipment Finance, formed a new national lending business in Fairport, NY called Innovation Finance. read more

Ampil Adds Jones and Fiasco to Expand Leadership Team

Ampil, a division of Insight Investments, added Mike Jones and Steve Fiasco to its leadership team. Jones previously worked for First American Equipment Finance and Fiasco was formerly with CIT Equipment Finance. read more

First National Capital Hires Crogan as VP of Sales

First National Capital hired Brian K. Crogan as VP of Sales. Grogan was previously with California First in a similar capacity. read more

Sparta Commercial Enters Equipment Financing Market

Sparta Commercial Services launched a new equipment financing program designed expressly to meet the needs of small to mid-sized businesses throughout the U.S. read more

CIT Adds to Sales Team in Office Imaging

CIT announced three additions to its Equipment Finance division’s Office Imaging sales team. read more

Sterling Bancorp to Acquire Macquarie’s Advantage Funding Management

Sterling Bancorp agreed to acquire Advantage Funding Management, a provider of commercial vehicle and transportation financing services and part of Macquarie’s Corporate and Asset Finance Group. read more

Key Equipment Finance Names Jeffrey Eades VP of Key4Green, Bank Channel

Key Equipment Finance named Jeffrey Eades vice president of Key4Green. Eades will lead the Key4Green team as it continues to help clients align their business goals with investments in renewable and energy efficient solutions. read more

Top Five Machine Tool Lenders Account for 46.3% of January Total

The top 20 lenders in the segment, in the aggregate, filed financing statements covering a total of 488 new machine tool related filings during the month of January 2018. read more

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