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VAR Technology Finance Acquired by People’s United, Will Become LEAF Division

People's United Bank acquired VAR Technology Finance, a private, independent leasing and finance company that supports equipment sales through its financing programs within the technology channel. read more

MUFG Union Bank to Acquire Supply Chain Finance Platform from GE Capital

MUFG Americas Holdings and GE Capital announced the signing of an agreement where MUFG Union Bank, a subsidiary of MUAH, will acquire trade payable services, a supply chain finance platform, from GE Capital. Terms of the transaction were not disclosed. read more

Encina Business Credit Builds Out Western Region, Hires Industry Vets

Encina Business Credit made several key personnel moves aimed at accelerating the already significant growth that the company experienced in 2018. read more

Santander Launches Specialized Banking Group Led by Vaughan Alexanderson

Santander Bank launched a Specialized Banking Group led by Emily Vaughan Alexanderson to enhance its ability to serve the needs of educational, nonprofit, professional services, and technology and life sciences companies. read more

Dext Capital Adds TCF Vet to Sales Team

Dext Capital hired Melissa Woltz as sales relationship manager. Woltz has extensive experience in originating vendor and dealer direct business in the healthcare, fitness and material handling industries. read more

ACT: Yellow Lights Flashing for US Economy & NA CV Industry

According to ACT Research’s North American Commercial Vehicle Outlook, yellow lights are flashing for the U.S. economy, and by extension for the North American commercial vehicle industry. read more

Wells Fargo Hires JPMorgan Vet Van Beurden as Head of Technology

Wells Fargo named Saul Van Beurden head of Technology, a new role. Van Beurden, a 25-year financial services veteran, most recently served as chief information officer of consumer and community banking at JPMorgan Chase. read more

Encina EF Adds 5 GE Vets to Exec Team, Relocates Headquarters

Encina Equipment Finance added Martin Ferguson, Jenn Allred, Helen Steinberg and Colleen Bullock to its executive team. The company also established a new headquarters in Westport, CT to support expansion. read more

People’s United Bank Extends $135MM NFS Leasing Credit Facility

People's United Bank closed on an amendment and extension of an existing $135 million syndicated credit facility for NFS Leasing. read more

TD Integrates AI-Powered Chatbot “Clari” into Mobile App

TD Clari, a new chatbot integrated into the bank's mobile app, empowers mobile banking app users with details about their daily spending in a format that's as familiar as texting with a friend. read more

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Terry Mulreany
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