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Mitsubishi UFJ Lease & Finance and Hitachi Capital Merge to Form Mitsubishi HC Capital

As of April 1, Mitsubishi UFJ Lease & Finance and Hitachi Capital merged to form Mitsubishi HC Capital. As a result of this merger, Mitsubishi HC Capital has ¥10 trillion of total assets ($91.4 billion), more than ¥100 billion ($914 million) of net profit and nearly 10,000 employees. read more

BancorpSouth Bank and Cadence to Combine in Merger Valued at More Than $6B

BancorpSouth Bank and Cadence Bancorporation, the parent company of Cadence Bank, entered into a merger agreement under which the companies will combine in an all-stock merger with a total market value of more than $6 billion. read more

JPMorgan Chase Launches Specialized Green Economy Team, Lehman to Lead

JPMorgan Chase Commercial Banking launched a green economy specialized industry team, which will be led by Brian Lehman, who was named the head of green economy. read more

CIT Provides $27MM Loan for Acquisition of Florida Warehouse/Distribution Center

CIT’s real estate finance business served as sole lead arranger on a $27 million loan to finance the acquisition of a warehouse and distribution center in Green Cove Springs, FL. The property was acquired by an entity managed by PKY Special Situations. read more

IDS to Acquire White Clarke Group

IDS agreed to acquire White Clarke Group, a provider of retail, fleet, wholesale and asset finance solutions for the automotive and equipment finance markets. read more

CIT Provides $18.5MM Loan for Acquisition of Singing River Cancer Center

CIT Group’s healthcare finance business served as sole lead arranger on an $18.5 million loan to finance the acquisition of the Singing River Cancer Center by Cypress West Partners. read more

Signature Financial Appoints New Executive Sales Officers, Asset Management Pros

Signature Financial appointed seven professionals to equipment finance executive sales officer roles, bringing the total to 33 throughout the company’s U.S. footprint. Signature Financial also added two asset management officers in support of its growth initiatives. read more

North Star Leasing Becomes Official Division of Peoples Bank

North Star Leasing Company is now a division of Peoples Bank. The acquisition became effective on April 1, with North Star Leasing’s business operations remaining in Burlington, VT. read more

Ritchie Bros. Sells More Than $95MM in Equipment in Record-Setting Texas Auction

In March, Ritchie Bros. conducted its largest Texas auction ever, attracting 76% more bidders year over year and achieving $95 million in gross transaction value, surpassing its previous Texas sales record from June 2020 by 17%. read more

Introducing STRIPES Leadership Program in Partnership with Monitor

Lisa Rafter, publisher of Monitor, announced the formation of Rafter Educational Programs, LLC, and the launch of STRIPES Leadership Program. STRIPES is a professional and personal leadership development program designed with purpose and intent to build, challenge and inspire best-in-class leaders within the equipment finance industry. read more

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Terry Mulreany
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