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The former Chief Operating Officer and Chief Financial Officer of Celadon Group Inc., a publicly traded transportation and trucking company headquartered in Indianapolis, IN, were charged in an indictment unsealed Dec. 5 for their alleged role in a... Read Story
December 06, 2019, 07:30 AM
Filed Under: Fraud

Mitchell “Mitch” Hewitt has joined Corcentric as Vice President of Sales for the Great Lakes Region for Capital Equipment Solutions. He will be responsible for helping companies procure capital assets, analyze their fleet operations to optimize their... Read Story
December 06, 2019, 07:28 AM

Arboretum Investment Advisors, LLC, a fund manager and SEC-registered investment advisor that specializes in asset-backed and equipment finance funds, has announced one of Arboretum's propriety equipment leasing funds closed on a $25 million senior... Read Story
December 06, 2019, 07:25 AM

Crestmark announced it provided more than $32.5 million in commercial financing to 95 businesses in the second half of November.Crestmark Equipment Finance provided $8,866,343 in seven new lease transactions; Crestmark Vendor Finance provided... Read Story
December 06, 2019, 07:20 AM

Commercial Chapter 11 filings decreased 32 percent in November 2019 over November of last year, according to data provided by Epiq Systems, Inc. The 450 commercial Chapter 11 filings registered in November 2019 dropped from November 2018’s commercial... Read Story
December 06, 2019, 07:15 AM
Filed Under: Bankruptcy

Pacific Life Insurance Company announced it has completed the sale of Aviation Capital Group (ACG), its commercial aircraft leasing subsidiary, to Tokyo Century Corporation.In 2017, Tokyo Century acquired from Pacific Life a 20 percent membership... Read Story
December 06, 2019, 07:10 AM
Filed Under: Mergers & Acquisitions

CIT Group Inc. announced its Capital Equipment Finance business has named Rob Bolo as Director for the Southeast region.Bolo will be based in Charlotte, NC, and will cover North Carolina, South Carolina, Tennessee, Alabama, Georgia, Florida, Virginia... Read Story
December 05, 2019, 07:30 AM

Crestmark announced the launch of a division offering medical accounts receivable financing to businesses in the healthcare industry. The newly created division will be led by Ray Zilke, First Vice President, Division Manager. Zilke is based in... Read Story
December 05, 2019, 07:25 AM

The Equipment Leasing & Finance Foundation announced the 2020 slate of officers of its Board of Trustees.Board Officers serving are: Scott Thacker, Chief Executive Officer, Ivory Consulting Corporation, as Chair; Bonnie Michael, Vice President... Read Story
December 05, 2019, 07:23 AM

Umpqua Bank, a West Coast regional bank, released its "State of the Middle Market 2020," a national survey gauging the confidence of companies that together account for one-third of all U.S. private sector GDP. More than 500 decision-makers at middle... Read Story
December 05, 2019, 07:20 AM
Filed Under: Economy