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ELFA: Compensation in the Equipment Finance Industry Grew Modestly in 2019

Compensation in the equipment finance industry increased moderately in 2019, according to the 2020 Equipment Leasing and Finance Compensation Survey from the Equipment Leasing and Finance Association and McLagan. read more

First Citizens and CIT to Merge

First Citizens BancShares, the parent company of First-Citizens Bank & Trust Company, and CIT Group, the parent company of CIT Bank, will combine in an all-stock merger of equals to create the 19th largest bank in the United States based on assets. read more

ELFA Selects Huntington’s Elliott for 2020 Distinguished Service Award

The Equipment Leasing and Finance Association selected Jeffry D. Elliott, senior managing director of Huntington Asset Finance, to receive its 2020 Michael J. Fleming Distinguished Service Award. read more

Financial Partners Group Reports Record in September Funding Volume

Financial Partners Group reported September funding volume of $22 million, which represented 97% year-over-year growth for the month and marked the highest origination month in the company’s history. read more

The Alta Group Appoints Remiker and Menzel Vice Chairmen

The Alta Group appointed Rick Remiker and Paul Menzel vice chairmen. Remiker previously served as senior executive vice president and lead commercial banking executive of Huntington National Bank. Menzel was president and CEO of Umpqua Bank Equipment Leasing & Finance. read more

Santander Bank Adds Execs for Small Business Banking, Consumer Lending, Marketing

Santander Bank named Patrick Smith the head of small business banking, Giancarlo Marchesi the head of consumer lending and Jennifer Mathissen the firm’s chief marketing officer. read more

AP Equipment Financing Hires Steinhaus as Senior Vice President of Development & Sales

Alfred Steinhaus joined AP Equipment Financing as a senior vice president of development and sales. Previously, Steinhaus worked in banking and equipment finance at The Associates/Citicapital, F&M Bank & Trust, GE Capital Solutions and Simmons Bank. read more

Oakmont Adds Three Equipment Finance Specialists to Operations and Sales Teams

Amanda Bialka, Tracy Schneider and Trista Stangler joined Oakmont Capital Services’ Minnesota-based team. Bialka joined Oakmont as a credit analyst, Schneider joined as a sales assistant and Stangler joined as an operations specialist. read more

Regions Bank Provides $75MM Bi-Lateral Credit Facility to Dext Capital

Regions Bank closed a $75 million bi-lateral asset-backed facility for Dext Capital, providing financing for commercial equipment loans and leases. read more

Charles Schwab Completes Acquisition of TD Ameritrade

Charles Schwab completed its acquisition of TD Ameritrade. The integration of the two companies’ operations is expected to occur over the next 18 to 36 months. read more

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Terry Mulreany
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