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Wintrust Appoints Crane CEO

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

TCC Financial Closes $30.8MM Senior Secured Term Loan Facility For California Equipment Company

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

ELFA to Host Upcoming 2023 Equipment Management Conference

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

Summit Funding Group Adds Trio of Industry Veterans to Sales Team

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

Mitsubishi HC Capital America Expands Inventory Financing Focus

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

Truist Equipment Finance Names Peter Faser Director of Originations for CIB Clients

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

Reliant Capital Reports 101% Increase in Equipment Funding Volume in 2022

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

BMO Receives Final Regulatory Approvals for Bank of the West Acquisition

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

More Than 30% of Small Business Owners Applied for SBA Loans in 2022

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

CoBank Appoints Lueders as Farm Credit Leasing President

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

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