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GECAS on the Chopping Block: Apollo May Place Bid

Bloomberg reported that private equity firm Apollo Global Management has entered talks with lenders to finance a potential acquisition of GE Capital Aviation Services. read more

Vision Financial Group Promotes Summers to CEO

Vision Financial Group, d/b/a VFG Leasing & Finance promoted William P. (Bill) Summers to chief executive officer, succeeding Frederick S. (Fred) Summers, his father and founder of VFG, who will continue as chairman. read more

Top Five Construction Equipment Lenders Account for 43.2% of November Total

Statistical data for the construction equipment market provided by EDA showed the lenders in the segment, in the aggregate, completed a total of 11,167 new construction equipment related filings during the month of November 2018. read more

Marlin Names Industry Vet Bogansky Chief Financial Officer

Marlin Business Services named Michael R. Bogansky senior vice president and chief financial officer effective February 1, 2019. read more

Commerce Bank Promotes Green to President, Hires 4 Originators

Following the retirement of Roger May, Commerce Bank Equipment Finance’s president for over 25 years, Jody Green was promoted to President. Green has hired four to the Commerce Originations team. read more

Top Five Lenders Account for 47.6% of New Equipment Filings in November

Statistical data provided by EDA showed the top 20 lenders in the aggregate, filed financing statements covering a total of 26,853 new equipment related filings during the month of November 2018. read more

Wells Fargo to Pay $575MM to Settle Claims with Attorney Generals

Wells Fargo reached an agreement with all 50 state Attorneys General and the District of Columbia and will pay $575 million to resolve claims. read more

Huntington Introduces New Digital Banking Experience for Customers

In direct response to customer feedback gleaned from a two-year-long listening tour, Huntington is rolling out “The Hub,” a digital banking experience for all of its customers. read more

Great Western Leasing Acquires All Points Equipment

Great Western Leasing and Sales announced the acquisition of and All Points Equipment Leasing. read more

CIT, Macquarie Provide $100MM Financing for CA Battery Storage Project

Macquarie Capital closed a $100 million debt financing of a battery-based energy storage project in Southern California. CIT Group was the lead investor joined by Rabobank and Sumitomo Mitsui Banking. read more

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Terry Mulreany
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