Tony Cracchiolo, CEO/President of U.S. Bank Equipment, meets with Michael Toglia, Publisher of Equipment Finance Advisor to reflect on his 30-year career in the equipment finance industry. Cracchiolo shares memorable moments during his career...
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May 30, 2024, 07:00 AM
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The equipment finance industry has demonstrated great resilience in turbulent times, with lenders highlighting their agility and adaptability in an ever-shifting marketplace. Which companies are sustaining long-term growth despite the changes? The...
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May 16, 2024, 07:00 AM
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In mid-March 2023, Gibraltar Business Capital (GBC), a specialty finance company delivering working capital in the form of asset-based loans, announced the launch of Gibraltar Equipment Finance (GEF). Leading this new group as President is industry...
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April 20, 2023, 05:00 AM
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In February, Mitsubishi HC Capital Inc. announced it would integrate three group companies in the United States on April 1, 2023: Mitsubishi HC Capital America, Inc., Mitsubishi HC Capital (U.S.A.) Inc., and ENGS Commercial Finance Co. Mitsubishi HC...
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March 21, 2023, 05:00 AM
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In late August, Trustmark National Bank, a wholly owned subsidiary of Trustmark Corporation, introduced a new line of business, Equipment Finance, in its Specialty Banking division based in Atlanta, GA.The company expects its Equipment Finance...
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October 21, 2022, 05:00 AM
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In mid-September, Equify Financial, a privately owned, independent specialty finance company based in Fort Worth, TX announced the expansion of its equipment leasing and finance business to include the small-ticket vendor/dealer channel. To lead this...
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October 03, 2022, 07:00 AM
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Wells Fargo announced Amrita Patel as the new leader of Wells Fargo Equipment Finance (WFEF) in early August. She succeeded Bill Mayer, who led WFEF since 2015 and announced his retirement in June after 34 years in financial services.Prior to taking...
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September 30, 2022, 07:00 AM
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All successful companies are invariably shaped by the background and experiences of their founders. It stands to reason that the more diverse those experiences, the more flexible and nimbler the organization can be during periods of uncertainty and...
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July 26, 2022, 07:00 AM
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Huntington Asset Finance has established a highly respected position as one of the top equipment finance and asset-based lenders in the U.S. The success of Huntington’s Asset Finance platform is the result of focusing on changing customer demands...
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July 12, 2022, 05:00 AM
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In March, J.P. Morgan Commercial Banking named Linda Redding as its new Head of Equipment Finance. Redding leads a team responsible for overseeing equipment finance originations and solutions for clients of all sizes across the firm.Redding joined...
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June 02, 2022, 05:00 AM
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In October 2020, Encina Capital Partners, LLC and an affiliate of certain funds managed by Oaktree Capital Management, L.P. announced the formation of Encina Lender Finance, a new independent lender finance platform targeting commercial and consumer...
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April 18, 2022, 05:00 AM
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In early December 2021, First Financial Bank, headquartered in Cincinnati, Ohio, announced the acquisition of Cincinnati-based Summit Funding Group, Inc. (Summit), the fourth largest independent equipment financing platform in the United States....
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April 04, 2022, 07:00 AM
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Financial Partners Group (FPG) in January announced that fiscal 2021 was a record year for the company with 130 percent year-over-year growth and origination volume of $370 million. The company is aiming to reach $500 million in 2022.The key catalyst...
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February 24, 2022, 05:00 AM
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In early January, Regions Bank announced the expansion of its Regions Equipment Finance Corporation (REFCO) to include a new Technology Solutions platform and the addition of a veteran team led by Jay Cannon, who will serve as REFCO’s Technology...
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January 28, 2022, 05:00 AM
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Honour Capital was launched in October 2020 with a different focus than most equipment financing firms – and most companies in general. The founders describe it as a purpose-driven firm, which aims to be a force for good, rather than totally focused...
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December 21, 2021, 05:00 AM
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Mitsubishi HC Capital America, Inc., a specialty finance company, on Oct. 1 changed its name from Hitachi Capital America. The rebranding followed the birth of Mitsubishi HC Capital by the merger through the business integration between Mitsubishi...
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December 07, 2021, 05:00 AM
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In April 2015, Wintrust Financial Corporation (Wintrust) expanded its lease and equipment finance operations with the launch of Wintrust Commercial Finance (WCF), a division of Wintrust Asset Finance Inc., headed by Kirk Phillips, the group’s...
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November 30, 2021, 07:00 AM
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Bank OZK in late October announced the hiring of industry veteran Jim Lyons as Managing Director, Equipment Finance and Capital Solutions Group. Lyons is to lead the launch of the group, providing a full array of equipment-oriented collateral...
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November 16, 2021, 05:00 AM
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Pinnacle Financial Partners, based in Nashville, TN, in September made a strong move into equipment finance by hiring three industry veterans to spearhead an equipment finance effort with a nationwide scope. Kris Foster joined Pinnacle to lead the...
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October 12, 2021, 05:00 AM
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Following the announcement of his retirement at the end of 2021, Bill Stephenson, CEO and Chairman of the Executive Board, DLL speaks with Michael Toglia, Publisher of Equipment Finance Advisor about his highly successful career in the equipment...
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September 03, 2021, 07:00 AM
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CIT Group’s Equipment Finance business, part of the Business Capital division, this spring made a bold move, hiring new business development leaders for the Northeast, West and Southwest regions. Wayne Wagner, Mark Johnson, Brad Maguire and JP...
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July 15, 2021, 05:00 AM
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Verdant Commercial Capital has experienced a tremendous first three years, even more so considering year No. 3 included the pandemic. The company has grown to nearly 60 employees and topped $300 million in originations. The vendor finance company’s...
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May 21, 2021, 05:00 AM
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The Certified Lease & Finance Professional (CLFP) Foundation hit a major milestone, awarding its 1,000th CLFP designation. Not only has the organization grown roughly five-fold in CLFPs since 2014, its stature and impact in the industry has grown as...
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May 07, 2021, 05:00 AM
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In November 2020, The Alta Group announced the retirement of John Deane, CEO, Chairman and a Co-founder of The Alta Group at the end of 2020. While Deane retired from daily management of the company at the end of 2020, he will continue to serve on...
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January 06, 2021, 07:00 AM
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In January, Channel Partners Capital (CPC) announced Cindy Fleck re-joined the company as Senior Vice President to lead Channel Partners Equipment Finance to lead the new equipment finance initiative within CPC that will launch in the second quarter....
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February 20, 2020, 05:00 AM
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In October, Atlantic Union Bank announced the launch of a new division – Atlantic Union Equipment Finance. This newest entrant into the bank-owned equipment finance space will provide a variety of equipment finance solutions across Atlantic Union...
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December 12, 2019, 05:00 AM
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In March, Pitney Bowes launched Wheeler Financial from Pitney Bowes. The move thrust the longtime company, best known for its postal solutions, beyond its traditional captive financing into third-party financing to meet the needs of small businesses....
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October 21, 2019, 07:00 AM
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In April, M&T Bank announced it had launched a series of steps to grow its Commercial Equipment Finance Division to serve more commercial and municipal customers across the U.S. This expansion includes the appointment of a team of experienced...
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May 31, 2019, 08:00 AM
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In April, Neumann Finance and Beneficial Equipment Finance Corporation announced they had combined to form NewLane Finance. NewLane Finance is backed by WSFS Bank, a financial institution with approximately $12+ billion in assets and the largest bank...
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May 14, 2019, 08:00 AM
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In January, CAN Capital appointed Edward J. Siciliano as its Chief Executive Officer. As he takes the helm, the industry veteran is developing plans for major change, transforming the 20-year-old technology-driven small business specialty finance...
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March 07, 2019, 10:00 AM
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In December 2018, OnDeck announced its entrance into the small-ticket equipment finance lending sector focusing on the direct origination of equipment finance loans – bringing its technology and digital lending expertise to the industry on a direct...
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January 23, 2019, 07:00 AM
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In May, DLL announced the appointment of Mike Janse as Chief Operating Officer (COO) and member of the Executive Board of DLL, succeeding Carlo van Kemenade, who left the company at the close of 2017. Since joining DLL in 2004, Janse has held several...
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July 18, 2018, 07:00 AM
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In early May, Navitas Credit Corp., a wholly owned subsidiary of United Community Bank, announced industry veteran John Martella joined the organization as Senior Vice President of the newly formed Navitas Capital division – a division focused on...
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June 06, 2018, 07:00 AM
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In early March, long-time equipment leasing professional Bill Verhelle announced the formation of a new financial services company – Innovation Finance USA, headquartered in Fairport, N.Y.
Verhelle’s experience in the equipment finance industry is...
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April 18, 2018, 07:00 AM
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In mid-November, Beneficial Bank, the oldest and largest bank headquartered in Philadelphia with over 60 offices and over $5.9 billion in assets, announced the formation of Neumann Finance – a new Philadelphia-based equipment finance company named...
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December 14, 2017, 07:00 AM
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In June 2017, Encina Capital Partners, LLC and an affiliate of certain funds managed by Oaktree Capital Management, L.P. together announced the launch of Encina Equipment Finance (EEF) – a new independent equipment finance company targeting...
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October 06, 2017, 07:00 AM
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ENGS Commercial Finance (ENGS) traces its roots back to 1952, and is still one of the oldest lenders to the truck and trailer industry. In February 2015, the company announced that Aquiline Capital Partners LLC became a major investor in ENGS...
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June 28, 2017, 07:00 AM
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Since Vince Belcastro was tapped to head Santander's Corporate Equipment Finance division in 2015, the business has grown by $1 billion in assets. Financial results were strong in 2016, with 176% year over year growth. As part of Banco Santander --...
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April 20, 2017, 07:00 AM
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In June 2016, Marlin Business Services Corp. (Marlin) announced the appointment of Jeffrey A. Hilzinger as the company’s new President and Chief Executive Officer. Hilzinger is a highly experienced commercial finance professional possessing over 35...
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March 23, 2017, 07:00 AM
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In December 2016, NewStar Financial announced the sale of its equipment finance business and related assets to Boston-based Radius Bank, an innovative, full-service bank. Over the years, many equipment finance professionals have described shifting...
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February 01, 2017, 07:00 AM
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In late October 2016, Hanmi Financial Corporation (Hanmi), the holding company for Hanmi Bank, announced the acquisition of the Commercial Specialty Finance (CSF) unit of Irvine, California-based Banc of California. The transaction included the...
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January 17, 2017, 07:00 AM
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In mid-April of this year, commercial finance professionals learned that EverBank combined its asset-based lending unit with its capital equipment finance group to form one cohesive group now known as EverBank Business Capital. Ken Walters, a...
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June 07, 2016, 07:00 AM
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Equipment Finance Advisor spends time with David Drury, president of MB Equipment Finance, to learn more about the company’s rapid growth as evidenced by the recent hiring of nine senior equipment finance professionals. In the following interview...
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May 12, 2016, 07:00 AM
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At a time when demand for working capital from the nation’s millions of small businesses continues to grow, Marlin Business Services has launched a new working capital lending group expanding the company’s core business offerings to small and...
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December 02, 2015, 07:00 AM
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Since the end of the Recession, a number of banks and newly formed independent finance companies have entered the equipment finance industry. These new entrants have been joined by a new breed of equipment lender – the closely watched FinTech...
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October 14, 2015, 07:00 AM
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In July, Heritage Global Inc. announced the formation of Heritage Global Capital (HGC), in what was described as a fixed asset financing services division. Joseph Upson, whose career has spanned nearly three decades, was named as managing director of...
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September 30, 2015, 07:00 AM
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In mid-April, Wintrust Financial Corporation announced the expansion of its lease and equipment finance operations with the launch of Wintrust Commercial Finance (WCF), an equipment-focused financing group located in Texas. This newest entrant to the...
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June 16, 2015, 07:00 AM
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In early March, the industry learned of the formation of Stonebriar Commercial Finance backed by Topeka, Kansas-based Security Benefit Corporation (Security Benefit). The launch of Stonebriar marks the return of industry professionals from financial...
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May 21, 2015, 07:00 AM
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In late February of this year, the equipment finance industry learned of Huntington Bank’s agreement to acquire Macquarie Equipment Finance. The deal, which is comprised of approximately $900 million in assets and $630 million in liabilities, was...
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April 22, 2015, 07:00 AM
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Equipment Finance Advisor recently spoke with Michael Gay, Senior Managing Director and Group Head of NXT Capital Equipment Finance, about market trends and opportunities in 2015.
In the last 20 years, Michael Gay has held positions across a broad...
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March 17, 2015, 07:00 AM
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Last October, Equipment Finance Advisor sat down with John McQueen, who earlier in 2014 had announced his plans to retire from the top spot at Wells Fargo Equipment Finance (WFEF). At that time, McQueen’s replacement had yet to be named. In the week...
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January 27, 2015, 07:00 AM
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Rudyard Kipling once penned: "East is east and west is west and never the twain shall meet." It would seem Kipling’s statement would hold true in most instances of an asset-based lending operation seeking to acquire a perfect fit in the equipment...
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November 04, 2014, 07:00 AM
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In September, King Commercial Finance – a St. Louis, MO-based company founded in 1982 by John King – announced the company’s name change to Commercial Industrial Finance. This recent rebranding strategy was implemented to more accurately reflect the...
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October 13, 2014, 07:00 AM
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Last July, Wells Fargo Equipment Finance (WFEF) announced its group head, John McQueen, would be retiring at year end. McQueen, who has nearly 30 years of industry experience under his belt, assumed the leadership position at WFEF in the early days...
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October 01, 2014, 07:00 AM
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From its beginnings as Commonwealth Computer Corp. in the late 1970s and throughout its history, Commonwealth Capital Corp. has been guided by the principles of hard work and ingenuity set forth by its founder George S. Springsteen. Kimberly...
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August 19, 2014, 07:00 AM
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The entrepreneurial endeavors of seasoned veterans Steve Hudson and Bradley Nullmeyer have captured the equipment finance industry’s attention for nearly three decades. In 2007, the industry took notice as the pair reunited to form Element Financial....
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August 06, 2014, 07:00 AM
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On July 1st, Bank of Ann Arbor, the parent company of Ervin Equipment Finance announced the renaming and rebranding of the leasing company it acquired in January 2013 to UniFi Equipment Finance. This total rebranding initiative is the result of more...
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July 07, 2014, 07:00 AM
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Equipment Finance Advisor recently spent time with Larry Stevens, President and CEO and Brent Allen, EVP of Sales at Utah-based Med One Capital. In the following interview, the two discuss Med One Capital’s simple and straight forward prescription...
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June 04, 2014, 07:00 AM
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In late March, Hudson Valley Bank (HVB) announced the formation of HVB Equipment Capital LLC – a new equipment finance unit offering financing in numerous industry sectors nationwide. This announcement comes on the heels of the launch of a de novo...
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May 06, 2014, 07:00 AM
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While Scottrade Bank Equipment Finance has been around for only a year, the equipment finance company’s president, Fred Van Etten, is certainly no stranger to the industry. Van Etten first joined the industry in 1980 at McDonnell Douglas Finance Corp...
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February 05, 2014, 07:00 AM
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In February 2010, EverBank Financial Corporation acquired Tygris Commercial Finance Group, expanding the bank’s product offerings to include equipment financing solutions nationwide under the leadership of Jim McGrane. McGrane’s success building...
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January 07, 2014, 07:00 AM
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In May, 2013, Graphic Savings Group announced the company’s name change to GSG Financial as part of a larger rebranding effort to emphasize the company’s expanding commitment to offer financing services to both the vendor and end-user markets in...
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December 04, 2013, 07:00 AM
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In this double interview, Equipment Finance Advisor catches up with Rick Remiker to find out more about his expanded role as the head of Huntington’s Specialty Banking division and industry veteran Mike DiCecco, who succeeds Remiker as the newly...
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October 09, 2013, 07:00 AM
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In July 2012, BBVA Compass, one of the world’s top global banks announced its intention to form an equipment finance group in the U.S. Since that initial announcement, little if any news had been disseminated regarding this new bank leasing company...
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September 18, 2013, 07:00 AM
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The history of Frost Bank is nearly as old and as colorful as the history of Texas itself. In 1868, Colonel T.C. Frost founded a mercantile store – the roots of what is now one of Texas’ largest financial institutions – in the frontier town of San...
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August 20, 2013, 07:00 AM
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Equipment Finance Advisor assembled its first Lessee CFO Roundtable to provide readers a unique view of the equipment finance decision from “the other side of the desk” – the lessee’s perspective. In this roundtable discussion, we sat with the chief...
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June 19, 2013, 07:00 AM
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Mark McGovern, SVP, Sales and Marketing of the Healthcare/Clean Technology Group of De Lage Landen met with Equipment Finance Advisor to share his thoughts on the evolving clean technology segment and how clean technology means more than just solar...
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June 06, 2013, 07:00 AM
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Self-possessed and assured, Robert Radway, President and CEO of NXT Capital, exhibits the traits of a steady-handed captain in command of his vessel. And to be sure, as a 20-plus year veteran in the commercial finance industry, Radway has seen his...
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May 16, 2013, 07:00 AM
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In the sometimes complex and multi-layered world of holding companies, private equity investors and operating companies, it was refreshing to speak openly with Colford Capital’s President and CEO David Lee and North Mill Equipment Finance’s President...
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March 13, 2013, 07:00 AM
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If one were to consider the terms that best describe the mindset of business investment decision makers and in turn, professionals in the equipment finance space, the term uncertain would without a doubt make it to the top ten. And the same...
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January 23, 2013, 07:00 AM
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A conversation with Lawrence Marsiello, Managing Director – Pine Brook and former Vice Chairman and Chief Lending Officer of the CIT Group.The severity of the economic downturn saw a number of commercial lenders exit the market or, at minimum...
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May 08, 2012, 08:00 AM
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For twenty-one years, Merrimak Capital has been a leading independent leasing company, focusing on evolving its suite of financing solutions to meet the needs of growing public and private companies worldwide. Clearly, with a Fortune 1000 customer...
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April 10, 2012, 07:00 AM
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Cole Taylor's refinancing of Classic Brands, LLC, was recently recognized by M&A Advisor as one of its deals of the year for 2011. Chief executive Mike Zippelli walks us through the details and tells us what it's like to be a small manufacturer in...
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March 28, 2012, 07:00 AM
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Navigating today’s financing environment can seem like a daunting task for a specialty finance company in need of working capital. Post-recession, the perception of credit risk for nontraditional asset classes remains high, and viable financing...
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February 23, 2012, 07:00 AM
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Prior to the recession, small and mid-sized businesses consistently presented tremendous growth opportunities for equipment finance players prepared to effectively and efficiently serve this unique market. And while many businesses failed or...
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February 13, 2012, 07:00 AM
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The year 2011 has been characterized by some in the equipment finance industry as the beginning of the recovery. While not all agree with this description, recently released industry data indicate a positive shift is in the works.
According to the...
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November 28, 2011, 08:00 AM
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