Pinnacle Financial Partners has named Charissa Sumerlin the firm’s Chief Credit Officer. She succeeds Harvey White, who served as Interim Chief Credit Officer following the sudden death of Tim Huestis in late 2023. The Board of Directors unanimously...
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July 22, 2024, 07:18 AM
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FirstBank has elevated several leaders, including its new Chief Risk Officer (CRO) Jennifer Payne.Payne has been with the bank for 23 years, and has worked in various leadership roles across the company, including President of Compliance and, most...
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July 01, 2024, 07:22 AM
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As Gordon Brothers, global asset experts, continues to expand its lending business, the firm has welcomed Mark Bohntinsky as Global Head of Credit.Bohntinsky oversees Gordon Brothers’ credit quality, setting portfolio strategy and partnering with key...
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May 03, 2024, 07:16 AM
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German American Bancorp, Inc. and its banking subsidiary, German American Bank, announced Scott Powell has been appointed Executive Vice President, Chief Credit Officer, effective April 1. Powell will succeed current Executive Vice President and...
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March 11, 2024, 07:12 AM
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F&M Bank, an Ohio-based bank owned by Farmers & Merchants Bancorp, Inc., announced the promotion of Kevin Becker to Senior Vice President and Chief Credit Officer.Lars Eller, President and Chief Executive Officer, said, “We are thrilled to announce...
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March 07, 2024, 07:17 AM
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The Middlefield Banking Company, a subsidiary of Middlefield Banc Corp., announced enhancements to its leadership team to support the company’s growth across its Central, Western and Northeast Ohio markets. Rebecca Noblit has been promoted to Chief...
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January 12, 2024, 07:20 AM
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Western Alliance Bank announced Lynne Biggio Herndon has been appointed as the bank’s new Chief Credit Officer."We are excited to welcome Lynne to the Western Alliance team," said Ken Vecchione, President and Chief Executive Officer of Western...
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January 03, 2024, 07:18 AM
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Camden National Bank announced Ryan Smith, an Executive Vice President who has been with the bank since 2012, has assumed the role of Chief Credit Officer. Smith succeeded Timothy Nightingale, Camden National Bank's long-serving chief credit officer...
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December 15, 2023, 07:20 AM
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Carrie Goldfeder, a seasoned credit executive with over 25 years of credit and corporate finance experience across all facets of loan production, credit performance and portfolio management, has joined Old National Bank, the wholly owned banking...
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December 08, 2023, 07:20 AM
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The National Bank of Coxsackie announced Lynn Smith joined National Bank of Coxsackie as its Vice President/Chief Credit Officer.Smith started with National Bank of Coxsackie in October 2023 and brings over 25 years of Commercial Banking experience...
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December 04, 2023, 07:00 AM
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Waukesha State Bank announced the promotion of Tina Neis to Senior Vice President – Chief Credit Officer.“Tina’s remarkable banking expertise has played a vital role in the success of Waukesha State Bank,” stated Ty R. Taylor, President and CEO of...
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August 28, 2023, 07:00 AM
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Santa Cruz County Bank announced Shawn Lipman, who has worked for the bank since 2011, will succeed Susan Just as Executive Vice President and Chief Credit Officer. Just has served in the Chief Credit Officer role for the past two years and is...
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August 09, 2023, 07:10 AM
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The National Equipment Finance Association's (NEFA) Education Committee announced the successful presentation of the first module of the NEFA Masterclass Series: Credit on July 19. The module was presented by Bob Rinaldi, CLFP, President of Rinaldi...
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July 27, 2023, 07:22 AM
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The National Equipment Finance Association announced the launch of its new Masterclass Series: Credit – The Big Picture on July 19th at 2:30 p.m., presented by Bob Rinaldi, CLFP, President of Rinaldi Advisory Services. This virtual webinar will be...
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July 19, 2023, 07:20 AM
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Pinnacle Financial Partners has expanded its equipment finance team with the addition of Casey Ahrendt. Ahrendt serves as a credit advisor for the specialized group and brings nearly 10 years of experience in the banking industry.“We are thrilled to...
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June 27, 2023, 07:20 AM
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Premier Bank announced John Houpt has been promoted to Executive Vice President, Chief Credit Officer.Houpt joined Premier Bank in April 2022 as Deputy Chief Credit Officer where he was responsible for credit underwriting, approval and portfolio...
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May 12, 2023, 07:08 AM
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The Equipment Leasing and Finance Association announced the agenda for its 2023 Credit & Collections Management Conference and recognized the members who are serving on the Credit & Collections Planning Committee. New this year, the Conference is...
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May 08, 2023, 07:23 AM
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Bank OZK announced John Carter has returned as Chief Credit Officer. In this capacity, he will be responsible for oversight of the bank’s credit, loan operations, special assets and mortgage lending functions. In addition, Carter will participate in...
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April 26, 2023, 07:15 AM
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QuickFi is a finalist in the London-based 2023 Credit Awards for Best Use of Technology, End-to-End Credit Solutions.The 2023 Credit Awards, the flagship awards for the credit and financial services industry, recognize and celebrate innovation, best...
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April 20, 2023, 07:20 AM
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Based on the results of PNC's latest semi-annual survey of small and mid-sized businesses, which concluded Feb. 6, it appears that resilient business owners are defying predictions of an economic downturn later this year. In fact, business owner...
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February 28, 2023, 07:13 AM
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Frost Bank announced Howard Kasanoff, a Senior Executive Vice President who has been with the bank since August 1992, will become Chief Credit Officer at the beginning of 2023. Kasanoff will succeed Bill Perotti, Frost's long-serving Chief Credit...
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November 17, 2022, 07:17 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 $1 trillion equipment finance sector, showed their overall new...
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October 26, 2022, 07:25 AM
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NJ-based Columbia Bank announced it hired Matthew Rickert as Executive Vice President, Chief Credit Officer. In his role, Rickert is responsible for the Bank’s credit policies, including all aspects of Commercial Credit and Special Assets.Rickert has...
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September 23, 2022, 07:20 AM
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36th Street Capital Partners LLC, an independent provider of equipment financing solutions for middle market companies, announced the appointment of Cecile Latouche as Executive Vice President of Credit & Risk Management. "36th Street Capital has...
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August 08, 2022, 07:23 AM
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Accord Financial Corp., one of the U.S. and Canada’s leading independent finance companies announced the hiring of Debbie Thomas as Vice President, Credit, managing the credit functions of the U.S. Equipment Finance team. Her responsibilities include...
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June 09, 2022, 07:18 AM
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Premier Bank announced the addition of Craig Sciara as Executive Vice President, Chief Credit Officer.“Craig is an accomplished senior-level credit risk professional with extensive experience. He brings with him an exceptionally strong credit...
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June 07, 2022, 07:15 AM
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KBRA released its Equipment Loan & Lease indices for May 2022, providing monthly credit trends across securitized loan and lease pools.
May remittance reports showed a slight softening of credit performance across securitized equipment loan and...
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June 07, 2022, 07:00 AM
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KBRA released its Equipment Loan & Lease indices for April 2022. April remittance reports continued to show solid credit performance across securitized equipment loan and lease pools, as annualized net losses in KBRA’s headline Equipment Loan & Lease...
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May 09, 2022, 07:00 AM
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Pinnacle Financial Partners is adding credit leadership in its specialty finance businesses, with the addition of Senior Credit Officer Scott McCann. McCann will manage the underwriting and asset management functions for Pinnacle’s equipment and...
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April 19, 2022, 07:23 AM
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Univest Bank and Trust Co., subsidiary of Univest Financial Corporation, announced the appointment of Patrick McCormick as Executive Vice President and Chief Credit Officer. McCormick brings nearly 20 years of credit experience in the financial...
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April 11, 2022, 07:18 AM
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Craig Wanichek, President and Chief Executive Officer of Summit Bank, based in Eugene, OR, announced the hiring of Aaron Walker as Chief Credit Officer. Walker has nearly 30 years of experience in banking with a balanced mix of senior management...
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April 06, 2022, 07:10 AM
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WSFS Bank, the primary subsidiary of WSFS Financial Corporation, announced Liam Brickley has been named Senior Vice President, Chief Credit Officer, reporting to Christine E. Davis, Executive Vice President, Chief Risk Officer (CRO). In his role...
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March 30, 2022, 07:20 AM
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Regions Bank announced it has hired Dave Strickert to lead Corporate Credit Products, part of Regions’ Credit Products Group within Corporate Banking.Strickert joins Regions after a 30-plus-year career at Bank of America, where he most recently...
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March 16, 2022, 07:23 AM
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KBRA released its Equipment Loan & Lease indices for January. January remittance reports showed mixed credit readings across securitized equipment loan and lease pools during the December collection period. Annualized net losses in KBRA’s headline...
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February 07, 2022, 07:07 AM
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NFS Leasing, Inc., a privately held equipment finance company, announced the appointment of Eric P. Renaud to Chief Credit Officer. He replaces Mark Blaisdell who announced his retirement and will continue to serve as a Senior Advisor for the company...
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January 12, 2022, 07:23 AM
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Merchants Bank of Indiana announced the retirement of Chief Credit Officer Richard (Rick) Belser. Robert Burtner, previously Merchants Bank’s Deputy Chief Credit Officer, succeeds Belser and has worked alongside Belser for much of last year. Belser’s...
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January 03, 2022, 07:09 AM
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Star Hill Financial LLC announced Ali Bligh has joined the firm as Senior Vice President, Credit for the Franchise Division. In this role, Bligh will support the underwriting of franchise transactions for the quick service restaurant industry...
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October 19, 2021, 07:15 AM
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Wondering about the current and forecasted state of credit and collections within the equipment finance industry? ELFA’s 10th Annual Credit Manager Survey provides key insights into credit and reflects the thoughts and perspectives of executive...
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September 10, 2021, 07:15 AM
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Kroll Bond Rating Agency (KBRA) released its inaugural Equipment Loan & Lease indices for April 2021. In reviewing credit trends for the sector, this new index aims to complement KBRA’s series of monthly auto, consumer loan and residential index...
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May 24, 2021, 07:15 AM
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The Equipment Leasing and Finance Association announced plans for ELFA Credit & Collections Management LIVE!, an interactive virtual conference on June 7-8 focused on "Managing Risk in a New World.” The two-day event will address new and emerging...
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May 18, 2021, 07:20 AM
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Oakmont Capital Services (OCS) has added an experienced sales professional and two operations team members to its staff. The additions to the team will expand Oakmont's industry reach and enable the independent lender to continue to provide a...
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May 04, 2021, 07:21 AM
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Utica Equipment Finance, LLC announced it has hired Jim Quirk as Director of Credit and Underwriting.Quirk is responsible for evaluating and underwriting commercial lease and loan requests and managing a designated portfolio of client accounts. He...
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April 15, 2021, 07:23 AM
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Ramil (Ram) Arpojia has joined First Foundation Bank as a Credit Analyst I in the Equipment Finance Department. While servicing the equipment finance and leasing needs of the bank’s customers and prospects, the primary growth engine for this...
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November 11, 2020, 07:18 AM
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Farm Credit of the Virginias (FCV) announced that Credit Manager Brad Hewitt, has transitioned into the role of Chief Credit Officer and will continue serving out of the Harrisonburg, VA, branch office.Hewitt moved into his new position with 12 years...
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September 30, 2020, 07:05 AM
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Stonebriar Commercial Finance announce the promotion of Harrison P. Smith to Vice President, Credit Manager. Stonebriar hired Smith as a junior Credit Analyst in 2015. Smith has successfully assumed progressively greater responsibilities in complex...
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August 31, 2020, 07:22 AM
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CIT Group Inc. reported its second quarter 2020 financial results. The company posted a second-quarter loss to common shareholders of $98 million. That compares with net income of $128 million in the second quarter a year ago.Excluding noteworthy...
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July 21, 2020, 07:18 AM
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First Business Financial Services, Inc. announce the promotion of Ken James to Senior Director of Credit Administration.James joined First Business in 2004. In his current role, he oversees credit administration for entities within the First Business...
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May 21, 2020, 07:10 AM
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First Business Financial Services, Inc. announced its board of directors has appointed Bradley A. Quade to serve as the company’s Chief Credit Officer.Quade has been serving as the company’s Deputy Chief Credit Officer since October 2019. He has over...
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April 01, 2020, 07:19 AM
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Eagle Bancorp, Inc., the parent company of EagleBank, announced the promotions of Bank veterans Antonio Marquez and Janice Williams whose outstanding bank service has been recognized for advancement.Antonio (Tony) Marquez has been promoted to Senior...
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March 16, 2020, 07:20 AM
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Arvest Bank announced it has hired Jim Bates, who will serve as Manager of Credit Administration for Arvest Equipment Finance (AEF), a division of the bank.AEF Division President Eric Bunnell said the addition of Bates is a result of continued growth...
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November 06, 2019, 07:30 AM
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Credit managers across the U.S. are reporting better economic conditions, especially in the service sector of the latest Credit Managers’ Index from the National Association of Credit Management. The Credit Managers’ Index (CMI) from NACM rebounded...
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November 01, 2019, 07:00 AM
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CAN Capital announced it has hired David Lafferty as CAN Capital's new Chief Credit Officer. Lafferty brings his expertise in commercial lending, business development, operational planning, and profit & loss management to the CAN Capital...
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October 16, 2019, 07:28 AM
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National Association of Credit Management’s Credit Managers’ Index (CMI) faltered a bit in September after a robust showing the previous month. “That gain was short-lived as this month there was a bit of a decline. The data is still pretty firmly in...
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October 01, 2019, 07:15 AM
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The Credit Managers’ Index (CMI) from the National Association of Credit Management saw a positive uptick this month, climbing out of the lower index from July. The combined score read 55.2 for the month of August, a reading safely in the expansion...
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September 04, 2019, 07:20 AM
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Capital One announced it appointed Jeff Goldsmith to its Underwriting and Portfolio Management team. Goldsmith will lead the Credit Solutions group and report directly to John Crosby, Capital One Commercial Banking’s Head of Underwriting and...
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September 04, 2019, 07:10 AM
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Crestmark announced it provided $23 million in Commercial Financing to 88 businesses in the first half of August. Crestmark Equipment Finance provided $7,328,266 in five new lease transactions; Crestmark Vendor Finance provided $9,442,735 in 79 new...
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August 23, 2019, 07:25 AM
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The latest Credit Managers’ Index (CMI) from the National Association of Credit Management has cooled off during the summer after back-to-back gains in April and May. The CMI has now seen two straight months of declines for the first time since...
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August 02, 2019, 07:20 AM
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Byline Bancorp, Inc. announced Tim Hadro has announced his desire to retire and step down as Chief Credit Officer effective July 31. He will remain an advisor with the company and assist in the transition. Owen Beacom, currently Deputy Chief Credit...
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July 25, 2019, 07:25 AM
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Dext Capital announced the recent expansion of its credit team."Due to strong market reception, we have far surpassed our initial expectations. The expansion of our credit team will help support our continued growth and ensure we meet the needs of...
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July 16, 2019, 07:16 AM
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Young Song, the former Chief Credit Officer of Uniti Bank and past Senior Vice President at Hanmi Bank, has joined Lendistry as the new Credit Administrator. Song will manage Lendistry’s processing and underwriting team, further bolstering the online...
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June 24, 2019, 07:20 AM
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Utica Equipment Finance announced two new hires to support its growth. Marc Parauka has joined as Director of Credit and Underwriting, and Matt Worman has joined as Business Development Officer covering the Midwestern and Central U.S. markets.“Marc...
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March 26, 2019, 07:30 AM
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Chesswood Group Limited announced further expansion of its equipment finance footprint in the U.S., with the launch of Tandem Finance Inc. The new firm, based in Houston, TX, provides small and medium sized businesses of all credit profiles with...
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March 20, 2019, 07:24 AM
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Hanmi Bank’s Commercial Equipment Leasing Division announced two seasoned industry veterans have joined its rapidly growing team. Michael Coon has been hired as Senior Business Development and Capital Markets Officer and Maggie Holly as First Vice...
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March 19, 2019, 07:25 AM
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Hitachi Capital America announced Christopher Norrito has joined the organization as Director, Structured Credit and Operations. He reports to Jim Giaimo, Vice President and Chief Credit Officer, Commercial Finance.In his new role, Norrito is...
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March 06, 2019, 07:20 AM
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TriState Capital Holdings, Inc. announced Eric Thompson has joined the company as Senior Vice President Credit Manager of Equipment Finance for TriState Capital Bank.“Eric brings almost two decades of industry experience to TriState Capital,” said...
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February 22, 2019, 07:25 AM
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Wintrust Specialty Finance announced two new hires. Chris Maudlin has joined the company as Senior Vice President and Chief Credit Officer, based out of the Irvine, CA office, and Nick Gibbens as Vice President of Business Development, based out of...
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February 05, 2019, 07:25 AM
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Numerated, a financial technology company digitally transforming business lending and sales at relationship banks, announced it will integrate PayNet’s MasterScore v2 within its real-time lending and growth platform.PayNet, a leading commercial...
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February 01, 2019, 07:20 AM
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Moody’s Analytics announced CapX Partners, a Chicago-based equipment finance provider, has selected the Moody’s Analytics RiskCalc Small Business solution to streamline and simplify access to capital for small and medium-sized middle-market...
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January 25, 2019, 07:15 AM
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After more than 35 years in the banking industry, Huntington Bank Chief Credit Officer Dan Neumeyer has announced his decision to retire at the end of June.Neumeyer joined Huntington in 2009 and has been instrumental in leading its credit...
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January 23, 2019, 07:10 AM
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While the country enjoys unprecedented levels of small business optimism, access to credit will either boost or curtail economic growth within this high-impact sector, according to a new study. Gimme Credit: Faster, Simpler, Safer Credit for Main...
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November 27, 2018, 07:15 AM
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As technology and ongoing competitive disruption force banks to reinvent themselves, the risk management function must undergo a revolution in risk management professionals balancing their roles and operating models, according to a new report...
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November 21, 2018, 07:20 AM
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Umpqua Holdings Corporation, parent company of Umpqua Bank and Umpqua Investments, announced Frank Namdar has been promoted to Chief Credit Officer and will join the executive leadership team. In his new role, Namdar will assume responsibility for...
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November 16, 2018, 07:24 AM
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ENGS Commercial Finance Co. introduced LenderTrax, a highly efficient technology enabled lease and loan platform for vendors and customers. LenderTrax provides a completely digital and mobile-ready financing process that fully automates the...
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October 25, 2018, 07:25 AM
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Marlin Business Services Corp. announced it has acquired Fleet Financing Resources, LLC (FFR), a provider of equipment finance credit products focused on the commercial vehicle market.Exact terms of the transaction were not disclosed but Marlin...
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September 20, 2018, 07:30 AM
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Dan Chapa was named Executive Vice President and Chief Credit Officer at Alpine Capital, LLC. As the Chief Credit Officer, he is responsible for the administration and oversight of all credit-related functions of the company including underwriting...
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September 05, 2018, 07:23 AM
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Two months of dwindling results casting a shadow on NACM’s Credit Managers’ Index (CMI) ended in August with a slow but steady climb in new credit applications and dollar collections in the manufacturing and service sectors. Although each sector...
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September 04, 2018, 07:20 AM
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Peapack-Gladstone Financial Corporation and Peapack-Gladstone Bank announced the promotion of Dennis R. Magarro to Senior Vice President, Senior Underwriter at Peapack Capital, a subsidiary of Peapack-Gladstone Bank. He is responsible for credit and...
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August 14, 2018, 07:25 AM
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What is the state of credit and collections in the equipment finance industry? The 8th Annual Credit Manager Survey provides some key insights. The survey results, based on feedback from 128 ELFA credit and collections leaders, were presented at the...
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July 06, 2018, 07:15 AM
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The April irregularity in NACM’s Credit Managers’ Index (CMI) seems to be a thing of the past after the June report showed continued stability in the market. Following a large, vertical ascent in May, this month’s CMI only fell back slightly. Coming...
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July 02, 2018, 07:30 AM
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Moody’s Analytics launched a new scoring solution for evaluating the creditworthiness of small businesses. The RiskCalc Small Business solution leverages the award-winning RiskCalc application, a comprehensive tool for determining the credit risk of...
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June 29, 2018, 07:00 AM
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Small businesses (less than $5 million in revenue) are starting 2018 in a strong financial position with greater success securing credit from a range of sources and generating strong cash flow. Access to major sources of credit was higher compared to...
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April 17, 2018, 07:23 AM
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ENGS Commercial Finance Co. announced it has reached a significant milestone, processing over 100,000 credit applications since June 2013, when the company began tracking the number of applications received.“This is a proud accomplishment and...
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March 22, 2018, 07:20 AM
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Fifth Third Bancorp announced that it is making it easier for small business owners to get access to capital. The Bank implemented changes to its Fifth Third Business Line of Credit, providing timely capital within three to five days for everyday...
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July 07, 2017, 07:00 AM
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Business Credit Reports Inc., an independent provider of business credit information in the U.S., has announced a new line of comprehensive business credit reports. Designed by and for credit professionals, BCR’s entire line of 20 proprietary company...
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May 17, 2017, 07:42 AM
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The July economic report of the Credit Managers’ Index from the National Association of Credit Management shows a turnaround from the previous month’s trends. Mirroring the volatility in the economy, the July report of the Credit Managers’ Index...
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August 01, 2016, 07:16 AM
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