The U.S. Attorneys' Office for the Eastern District of North Carolina announced that Armando Binelo of Pigeon Forge, TN, pled guilty for his role in a $20 million leasing fraud scheme. Daniel Raymond, of Mebane, NC, previously pled guilty to conspiracy to commit mail fraud and wire fraud in relation to the scheme and was sentenced to 84 months in prison. Binelo faces up to 20 years in prison when sentenced. read more

APR 23, 2024 - 6:49 am

Wintrust Financial entered a definitive agreement to acquire Macatawa Bank Corporation, the parent company of Macatawa Bank, a Michigan state-chartered bank, in an all-stock transaction valued at approximately $510.3 million. read more

APR 16, 2024 - 6:48 am

GreatAmerica Financial Services promoted Mitch Leahy to vice president and general manager of its office equipment group. Leahy has experience spanning credit, sales and various leadership roles. He has been with GreatAmerica for nearly two decades, most recently serving as vice president and managing director of sales for the office equipment group. read more

APR 15, 2024 - 6:32 am

Capteris, a provider of mid- and large-ticket equipment finance solutions, reported a 200% year-over-year increase in funded volume in Q1/24, resulting in the company’s strongest quarter since inception. read more

APR 12, 2024 - 6:24 am

Equipment rental company H&E Equipment Services signed a definitive agreement to acquire Lewistown Rental, a Lewistown, MT-based equipment rental business, and three of its affiliated rental operations in Havre, Glasgow and Great Falls, MT. read more

APR 12, 2024 - 6:13 am

Société Générale signed a memorandum of understanding with French banking company Group BPCE for the divestment of its equipment finance business for a purchase price of €1.1 billion ($1.18 billion). read more

APR 11, 2024 - 6:53 am

Tony Cracchiolo, president and CEO of U.S. Bank Equipment Finance, announced that he will retire in July. According to a U.S. Bank spokesperson, the bank will begin a search for a new leader of its equipment finance business in the coming months. read more

APR 11, 2024 - 6:50 am

Jason M. Rosenberg will join Wells Fargo on April 15 as head of public affairs, reporting to CEO Charlie Scharf and joining the company’s operating committee. Rosenberg joined Wells Fargo from Block, which he joined in 2022 as head of corporate affairs. read more

APR 11, 2024 - 6:48 am

Over the past year, Sandhills Global has noted a significant increase in late-model used farm equipment inventory levels in its marketplaces. At the same time, newer equipment has become more prevalent, as manufacturers have returned to normal production levels following the resolution of numerous supply chain issues. read more

APR 9, 2024 - 6:56 am

AP Equipment Financing increased Q1/24 funding volume by 16.3% compared to Q1/23 and hired Mike Snyder as senior director of business development in its new fleet and mobility division and John Pratt as senior vice president of business development for its specialty vehicle division. read more

APR 8, 2024 - 6:59 am