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Chesswood Hires Sheehan to Lead New Equipment Financer Tandem Finance

Chesswood Group expanded its equipment finance footprint in the U.S. with the launch of Tandem Finance, a provider of financing for equipment purchases to small and medium sized businesses of all credit profiles. read more

Utica Launches New Equipment Finance Firm Led by GE Capital Vet

Utica Leaseco formed an affiliate company, Utica Equipment Finance, which will offer equipment-based term loans and leases to companies throughout North America and will be led by co-founder Ed Stolarski as president of the new company. read more

Pitney Bowes Launches Equipment Financing Subsidiary Wheeler Financial

Pitney Bowes Bank launched a new subsidiary, Wheeler Financial, which will be dedicated to helping small to middle market clients acquire the assets they need to grow and expand their business. read more

Holly, Coon Join Hanmi Commercial Equipment Leasing Division

Hanmi Bank’s Commercial Equipment Leasing Division hired Michael Coon as senior business development and capital markets officer and Maggie Holly as first vice president, credit manager. read more

Rabobank, Mechanics Bank Agree to Merge

Mechanics Bank agreed to acquire Rabobank in a strategic business combination transaction valued at approximately $2.1 billion. The transaction has been approved by each party’s authorizing board of directors. read more

Hercules Capital CEO Steps Down After Charge in College Admissions Scheme

Hercules Capital CEO Manuel Henriquez has voluntarily stepped aside as the firm’s chairman and CEO. According to Bloomberg, the news comes in the wake of Henriquez’s indictment by federal authorities because of his alleged involvement in the college admissions cheating scandal. read more

MUFG Healthcare Banking Expands to Cover U.S. Middle Market

The Healthcare Banking franchise of Mitsubishi UFJ Financial Group (MUFG) has expanded to include a U.S. Middle Market group. read more

C.H. Brown Promotes Marshall to President

C.H. Brown promoted Bradon R. Marshall to president. Marshall will be based in the Wheatland, WY headquarters. read more

Signature Financial Hires Two, Promotes Six

Signature Bank appointed Ketih Connors to vice president, capital markets and Nick Cremonese to account officer, National Third-Party Intermediaries, a newly created position. It also promoted six capital markets and equipment finance professionals. read more

Fifth Third Approved for Merger with MB Financial

Fifth Third Bancorp has received all necessary regulatory approvals for completion of its acquisition of MB Financial as stipulated in the companies’ merger agreement from May 20, 2018. read more

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