Timothy S. Crane, the current president of Wintrust Financial, will assume the additional role of CEO, effective May 1. Crane also joined the company's board of directors, effective immediately. read more

JAN 31, 2023 - 7:19 am

TCC Financial, the U.S. lending division of Travelers Capital, a Canadian-based asset-based lender, announced the closing of a $30.8 million senior secured term loan facility to support the growth and development needs of a leading heavy equipment rental business headquartered in California. read more

JAN 30, 2023 - 7:18 am

The Equipment Leasing and Finance Association will host its 2023 Equipment Management Conference & Exhibition on Feb. 26-28 at the Orlando World Center Marriott in Orlando, FL. The annual conference draws asset managers, equipment appraisers, remarketers and service providers to the equipment finance industry. read more

JAN 26, 2023 - 7:17 am

Rob Munz joined Summit Funding Group as vice president of enterprise sales. In addition to hiring Munz, Summit added Russ Dobson and Aimee Byrum as national business development officers. read more

JAN 25, 2023 - 7:21 am

Mitsubishi HC Capital America is expanding its commercial specialty vehicle financing solutions, specifically aimed at fire and emergency vehicles, wreckers and shuttle/transit buses. read more

JAN 24, 2023 - 7:22 am

Truist Equipment Finance added Peter Faser as director of originations. Faser, who has been with Truist Securities since 2011 and has more than 25 years of banking experience, will be responsible for corporate and investment banking clients. read more

JAN 23, 2023 - 7:27 am

Reliant Capital funded $156 million in equipment volume for customers in 2022, marking a 101% year-over-year increase. read more

JAN 20, 2023 - 6:52 am

BMO Financial Group has received all required regulatory approvals to complete its acquisition of Bank of the West from BNP Paribas and expects the acquisition to close on Feb. 1, subject to the satisfaction of customary closing conditions. read more

JAN 19, 2023 - 7:05 am

According to a survey from Balboa Capital that asked small business owners about their Small Business Administration (SBA) loan borrowing practices and volumes in 2022, 31.25% of small business owners applied for SBA loans in 2022 and 61.9% of SBA loan requests were approved. read more

JAN 19, 2023 - 6:56 am

CoBank, a bank serving agribusinesses, rural infrastructure providers and Farm Credit associations throughout the U.S., announced that Jason Lueders has been appointed as Farm Credit Leasing's president. read more

JAN 18, 2023 - 7:19 am