Wintrust Commercial Finance (WCF) announced the creation of a new business group, Commercial Dealer Services (CDS). CDS will focus on delivering financial products to large franchised truck and trailer dealerships who then provide full-service...
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May 10, 2024, 07:25 AM
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First-Citizens Bank & Trust Company (First Citizens Bank) announced its vendor equipment financing business will now be known as First Citizens Bank Equipment Finance to better communicate its core mission to vendors, customers and prospects.Formerly...
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February 24, 2023, 07:30 AM
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The Equipment Leasing and Finance Association’s (ELFA) Monthly Leasing and Finance Index (MLFI-25), which reports economic activity from 25 companies representing a cross section of the $900 billion equipment finance sector, showed their overall new...
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April 25, 2022, 07:24 AM
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CIT, a division of First Citizens Bank, has appointed Geoff Black to the position of Managing Director and Group Head for the Lender Finance business in its Business Capital division. Black, who was also promoted to Senior Vice President, will be...
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April 12, 2022, 07:25 AM
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CIT, a division of First Citizens Bank, announced it is launching a new lending and leasing vertical focused on financing fleet golf cars, turf (grounds care) equipment, utility vehicles and similar equipment.Golf & Turf is part of CIT’s Business...
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March 25, 2022, 07:25 AM
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CIT Group Inc. announced that the Industrial group within its Equipment Finance business has provided about $4.4 million in financing toward the acquisition of multiple pieces of heavy equipment. The equipment consists primarily of yard loaders and...
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October 20, 2021, 07:20 AM
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Northteq and River Capital Finance have announced the launch of River Capital Connect, River Capital’s new vendor portal creating a simple and intuitive user experience for their vendors, which is key to maintaining strong lender/vendor relationships...
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March 03, 2021, 07:20 AM
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Huntington Bancshares announced that Tom Shafer, CEO of TCF National Bank, will join Huntington's Executive Leadership Team as co-President of Commercial Banking following the completion of Huntington's merger with TCF, which is expected to occur...
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February 11, 2021, 07:25 AM
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Crossroads Equipment Lease and Finance, LLC recently priced its $163 million ABS debut backed by commercial truck loans to solid demand, reducing its cost of borrowing and enabling expanded funding options. Crossroads closed the equipment...
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February 10, 2021, 07:22 AM
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River Capital Finance announced Connie Schmidt has joined its team as a Vice President of Business Development. Schmidt has a 30-year history in vendor, direct and capital markets positions in equipment finance and brings significant experience...
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January 28, 2021, 07:22 AM
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CIT Group Inc. and Lenovo announced a three-year program extension to their Lenovo Financial Services program, continuing the decade-long relationship. Under the extension, CIT will continue to provide a broad range of vendor financing solutions for...
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May 22, 2020, 07:25 AM
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CIT has joined the No. 10 Konica Minolta Cadillac DPi-V.R family as the exclusive banking sponsor, it was announced at the annual Roar Before the 24 Test Days at Daytona (Fla.) International Speedway.For more than two decades, CIT has leveraged its...
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January 07, 2019, 06:59 AM
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Ampil, a division of Insight Investments, LLC, announced industry veteran, Matt Freeman, has joined the company as the National Business Development Executive. California-based Ampil provides independent, customized vendor finance programs for...
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August 02, 2018, 07:25 AM
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Ampil, a division of Insight Investments, LLC, dedicated to delivering independent, customized vendor finance programs for technology manufacturers, systems integrators (SIs) and Managed Service Providers (MSPs), announced the expansion of its...
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March 14, 2018, 07:35 AM
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CIT Group announced leadership updates as the company continues to focus on growth and development of its core business lines. Mike Jones, who previously led the company's Equipment Finance business, was named president of the Business Capital unit...
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January 25, 2018, 07:23 AM
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