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News Stories (34 Results) - Credit

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... Read Story
October 16, 2019, 07:28 AM


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... Read Story
October 01, 2019, 07:15 AM


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... Read Story
September 04, 2019, 07:20 AM


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... Read Story
September 04, 2019, 07:10 AM


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... Read Story
August 23, 2019, 07:25 AM


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... Read Story
August 02, 2019, 07:20 AM


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... Read Story
July 25, 2019, 07:25 AM


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... Read Story
July 16, 2019, 07:16 AM


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... Read Story
June 24, 2019, 07:20 AM


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... Read Story
March 26, 2019, 07:30 AM


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... Read Story
March 20, 2019, 07:24 AM


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... Read Story
March 19, 2019, 07:25 AM


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... Read Story
March 06, 2019, 07:20 AM


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... Read Story
February 22, 2019, 07:25 AM


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... Read Story
February 05, 2019, 07:25 AM


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... Read Story
February 01, 2019, 07:20 AM


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... Read Story
January 25, 2019, 07:15 AM


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... Read Story
January 23, 2019, 07:10 AM


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... Read Story
November 27, 2018, 07:15 AM


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... Read Story
November 21, 2018, 07:20 AM


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... Read Story
November 16, 2018, 07:24 AM


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... Read Story
October 25, 2018, 07:25 AM


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... Read Story
September 20, 2018, 07:30 AM


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... Read Story
September 05, 2018, 07:23 AM


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... Read Story
September 04, 2018, 07:20 AM


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... Read Story
August 14, 2018, 07:25 AM


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... Read Story
July 06, 2018, 07:15 AM


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... Read Story
July 02, 2018, 07:30 AM


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... Read Story
June 29, 2018, 07:00 AM


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... Read Story
April 17, 2018, 07:23 AM


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... Read Story
March 22, 2018, 07:20 AM


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... Read Story
July 07, 2017, 07:00 AM


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... Read Story
May 17, 2017, 07:42 AM


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... Read Story
August 01, 2016, 07:16 AM