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Signature Bank Launches Healthcare Banking and Finance Business Line

Signature Bank launched a new business line with the appointment of a nine-person healthcare banking and finance team. Matthew T. Huber will lead the new business and team as senior vice president and managing group director. read more

Apple Bank Establishes Equipment Finance Group Industry Veteran Walters to Lead

Apple Bank is establishing an Equipment Finance Group to be headed by industry veteran Ken Walters and an initial core team of seven that has worked together for many years. The group, part of Apple Bank’s growing C&I lending practice, will launch mid-May. read more

Sumitomo Mitsui Hires Berg to Launch Specialty Vehicle Business

Sumitomo Mitsui Finance and Leasing hired Gregory Berg as director of its Transportation Finance Group. Berg will be responsible of launching the Specialty Vehicle business for SMFL to strengthen their footprint in the transportation market. read more

Closing Date of MUFG Union Bank Sale to U.S. Bancorp Moved to H2/22

As the U.S. regulatory approval process continues, the closing of the sale of MUFG Union Bank to U.S. Bancorp has been shifted to H2/22, subject to the receipt of required regulatory approvals and the satisfaction of other closing conditions. read more

Biorkman Joins BMO Equipment Finance as U.S. Managing Director and Head

BMO named Jon Biorkman the new U.S. managing director and head of BMO Equipment Finance. Biorkman is based in Milwaukee and serves on the board of directors for the Equipment Leasing and Finance Association. read more

Brucker Joins Verdant Commercial Capital as VP and Relationship Manager

Verdant Commercial Capital expanded its equipment financing team in the golf, sports and entertainment industry by hiring Ryan Brucker as vice president and relationship manager. read more

Wells Fargo Forms Distinct Businesses within CIB Markets Group

Wells Fargo formed six businesses within its corporate and investment bank’s (CIB) markets group, effective immediately. The leaders of each business line will report directly to Mike Riley and Dan Thomas, co-heads of markets for Wells Fargo. read more

JPMorgan Chase Names Evans Co-Lead of Emerging Middle-Market Group

JPMorgan Chase Commercial Banking named Arnold Evans managing director and co-head of the emerging middle-market division (EMM) within the company’s middle-market banking and specialized industries (MMBSI) business. read more

Federal Reserve Boosts Federal Funds Rate at Increment Not Seen Since 2000

On Wednesday, the Federal Reserve unveiled its plan to raise the federal funds rate to 0.75% to 1%. According to Yahoo Finance, the 0.5% hike was “the most aggressive increase made in a single meeting since May 2000.” read more

Encina Equipment Finance Adds to Commercial Team with New Hires

Encina Equipment Finance added Peter Carpenter and Matt Farley as managing directors of originations and Zach Brasser as an associate. Carpenter, Farley and Brasser will report to Brian Daley, senior managing director and commercial leader for Encina Equipment Finance. read more

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