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Ascentium Capital Opens New Sales Office in Scottsdale, AZ

Ascentium Capital opened a new office in Scottsdale, AZ on June 18, 2018. read more

Fifth Third Beat Out BMO Harris’ Higher Offer to Buy MB Financial

Crain’s Business Journal reported that Toronto-based BMO Financial Group made a higher offer than Fifth Third Bank to acquire MB Financial, but MB’s board voted to go with the U.S.-based bank. read more

GE Will Separate Healthcare, BHGE; Focus on Aviation, Power & Energy

GE said as a result of a strategic review it will focus on Aviation, Power and Renewable Energy, separate GE Healthcare into a standalone company and separate from BHGE over the next two to three years. read more

CIT Expands Business Capital’s Business Development Team

CIT expanded its Business Capital team with the addition of Aaron Kaplan and Mike Hampton as VP/BDOs for CIT Equipment Finance. CIT also expanded the role of Chris Wren, VP/BDO, in its franchise business. read more

Former PNC Equipment Finance Executives Launch Verdant Commercial Capital

Verdant Commercial Capital launched as an independent equipment finance company. Verdant is led by CEO Mike Rooney, EVP John Merritt and CCO Chris Kelley. read more

CSI Chairman Bill Gillula Retires, Replaced by Steve Hamilton

After 34 years of service to CSI Leasing, Bill Gillula retired from his role as chairman of the board of directors. Current CEO, Steve Hamilton, will assume the role of chairman. read more

Railcar Leasing Company RGCX Acquired by Corrum Capital

Private investment firm Corrum Capital acquired railcar leasing company RGCX. read more

Trinity Industries Leasing Closes $482.5MM Railcar ABS

Trinity Industries Leasing and Trinity Rail Leasing 2018 closed a two-tranche, railcar ABS in the aggregate amount of $482.5 million with a blended coupon of 4.41% and average life of eight years. read more

BOK Financial to Acquire CoBiz Financial in $1B Deal

BOK Financial and CoBiz Financial signed a merger agreement under which CoBiz will merge with BOK Financial in a transaction valued at $1 billion. read more

Dynus Corp. Founder Files Lawsuit Against Fifth Third, PNC

The Cincinnati Enquirer reported that Orlando Carter, the founder of Dynus Corp., filed a lawsuit for $500 million in damages against Fifth Third Bank and PNC Bank, along with politicians of Butler County, OH and John Boehner. read more

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Terry Mulreany
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