Kimberly Montgomery took over as the new VP/Healthcare Originations leader for TIAA Commercial Finance. She will report to SVP and Originations Group Leader Justin Tabone, who formerly oversaw the same division. read more
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
Key Equipment Finance promoted Jen Martin to vice president of leasing and vendor program support. Martin will be responsible for overseeing the newly combined leasing programs and vendor performance teams. read more
BMO Harris Equipment Finance promoted Lance Rhodes to head of Equipment Finance Syndications. Rhodes will be based out of Denver and will report to Tom Sbordone, managing director and national sales manager. read more
Prosperity Bancshares, the parent company of Prosperity Bank, and LegacyTexas Financial Group, the parent company of LegacyTexas Bank signed a definitive merger agreement pursuant to which LegacyTexas will merge with Prosperity. read more
First Financial Corporate Services signed a definitive acquisition agreement with JA Mitsui Leasing, under which JA Mitsui’s American subsidiary will acquire 100% of First Financial and the majority of its holdings. read more
TCF Financial launched TCF Capital Solutions, which brings together TCF Equipment Finance and Winthrop Resources to deliver financing solutions to the healthcare, industrial, specialty markets, and technology industries. read more
What are the things you find most useful when working with funding sources? What do you find least useful? Paul Burnham: Funders, please let the TPO [third party originator] know how important they are to the organization. Answer the phone... read more
For the last half century, the equipment finance industry has continued to grow year over year. Starting at $29 billion in 1960, the industry has grown to over a trillion dollars in 2018. Industry veterans still remember a time when... read more
Director of Fleet Planning Services,
AmeriQuest Transportation Services
With technological advances coming at a dizzying rate, obsolescence is always a danger for any fleet. Frank Bussone forwards the argument that the best way for companies to avoid this problem is to lease their equipment, instead of purchasing it outright, giving them the opportunity to update as needed.
2018 saw the dialogue surrounding electric vehicles continue among both regular consumers and professional drivers. But according to Fleet Advantage’s Brian Holland, while electrification may become possible somewhere down the road, for now, many in the trucking industry remain dedicated to improving their diesel fleets.