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LCA Bank Corporation (LCAB), a Utah-chartered industrial bank and member FDIC, and parent company Lease Corporation of America, announced Travis Betenson has been named Chief Financial Officer. Betenson will lead finance, accounting and treasury... Read Story
May 25, 2022, 07:22 AM

Brookline Bancorp, Inc. and PCSB Financial Corporation announced they have entered into a definitive merger agreement whereby Brookline will acquire PCSB and its wholly owned subsidiary, PCSB Bank for approximately $313 million in cash and stock.... Read Story
May 25, 2022, 07:20 AM
Filed Under: Mergers & Acquisitions

CIT, a division of First Citizens Bank, announced its Maritime Finance business served as sole lead arranger on up to $30.5 million in financing to expand Lomar Shipping's portfolio of dry bulk vessels.The financing, which will be used to acquire... Read Story
May 25, 2022, 07:16 AM
Filed Under: Marine

Wintrust Receivables Finance closed a new $4,000,000 account receivable line of credit for a Midwest-based transportation broker. The company was founded in mid-2020 by multiple veterans of the domestic freight industry and focuses on Full Truckload... Read Story
May 25, 2022, 07:12 AM
Filed Under: Trucking

Summit Bank announced Brian Thomas has been promoted to Senior Vice President, Commercial Banking Team Leader for the bank’s Portland and Southwest Washington Team. The announcement was made by Craig Wanichek, Chief Executive Officer and President of... Read Story
May 25, 2022, 07:10 AM

Leader Bank announced that Matthew Pierce has been promoted to the position of Chief Lending Officer."Matthew has been an important partner for our entire team since his first day at Leader Bank," said Sushil Tuli, Chairman and CEO of Leader Bank.... Read Story
May 25, 2022, 07:09 AM

According to ACT Research’s recently released Transportation Digest, the top line on the Class 8 tractor dashboard took another tumble in March, extending the drop that started in January.The report, which combines proprietary ACT data and analysis... Read Story
May 25, 2022, 07:00 AM
Filed Under: Trucking

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... Read Story
May 24, 2022, 07:25 AM

Mitsubishi HC Capital Canada announced it has signed an agreement with a major construction equipment manufacturer to provide inventory financing for heavy excavators to more than 10 distributors operating in all Canadian provinces, and 40... Read Story
May 24, 2022, 07:20 AM
Filed Under: Industry News

Friendly Hills Bank announced the successful launch of a specialty lending group dedicated to providing financing solutions for commercial trucks and vehicles. The newly formed Truck Lending Group provides fast and flexible capital for the purchase... Read Story
May 24, 2022, 07:18 AM