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Most Popular News
past two weeks

Oakmont Capital Services added two experienced finance professionals to its team in Albany, MN. The independent financer continues to expand its business to offer customers fast, simple and easy solutions.Oakmont Capital Services’ sales team is... Read Full News
October 09, 2019, 07:15 AM

Deere & Co. is spending billions of dollars a year to buy its own equipment for a leasing program, which boosts sales of new farm tractors and construction machinery but adds financial complexity and weighs on the used-equipment market, the Wall... Read Full News
October 14, 2019, 07:30 AM
Filed Under: Industry News

Wells Fargo Equipment Finance (WFEF), a division of Wells Fargo Commercial Capital (WFCC), announced the appointment of three key leaders in its Specialty Industries business unit, led by Executive Vice President Byron Payne.   Effective... Read Full News
October 03, 2019, 07:30 AM

Commercial Chapter 11 filings totaled 414 in September, a 33 percent increase over September 2018’s total of 312 filings, according to data provided by Epiq Systems, Inc. Overall business filings increased 11 percent to 3,129 filings in September... Read Full News
October 04, 2019, 07:21 AM
Filed Under: Bankruptcy

Sterling Bancorp announced its principal subsidiary, Sterling National Bank, has entered into a definitive agreement to acquire a portfolio of middle market commercial equipment finance loans and leases from Santander Bank, N. A.As of Sept. 30, the... Read Full News
October 08, 2019, 07:30 AM

Mintaka Financial, LLC, a commercial finance company based in Washington State, has acquired Phoenix, AZ-based Summit Commercial Finance Company. The deal comes as part of Mintaka’s strategy to form closer relationships with origination channels, to... Read Full News
October 15, 2019, 07:30 AM

Thoma Bravo, a software-focused private equity investment firm, announced it has acquired majority ownership in IDS, a provider of asset finance software solutions, from its current owner, SV Investment Partners.“Having partnered with IDS since 2003... Read Full News
October 09, 2019, 07:30 AM

Stonebriar Commercial Finance (SCF) announced Kyle C. Parks has been promoted to Executive Vice President and named part of the SCF Executive Management team. Parks joined SCF in 2016 as Senior Vice President – Head of Direct Originations and... Read Full News
October 11, 2019, 07:27 AM

Chesswood Group Limited announced the closing by its subsidiary Pawnee Leasing Corporation of its first marketed U.S. securitization for Pawnee's prime receivables. Proceeds from the $254 million securitization will be used to pay down Pawnee's... Read Full News
October 10, 2019, 07:29 AM
Filed Under: Industry News

Chesswood Group Limited announced the completion of the renewals of its two $250 million primary borrowing facilities. These two facilities are provided by two separate bank syndicates, including leading Canadian and American banks active in our... Read Full News
October 03, 2019, 07:25 AM