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HSBC Holdings plc announced its wholly owned subsidiary, HSBC Overseas Holdings (UK) Limited, has entered into an agreement to sell its banking business in Canada (HSBC Canada) to Royal Bank of Canada (RBC), subject to regulatory and governmental... Read Story
November 29, 2022, 07:25 AM
Filed Under: Mergers & Acquisitions


PacWest Bancorp and Pacific Western Bank announced the following changes to the company’s Board of Directors and executive team.Paul W. Taylor, President of the Company and the Bank, has been appointed Chief Executive Officer of the Company and the... Read Story
November 29, 2022, 07:22 AM
Filed Under:


Stonebriar Commercial Finance announced the closing of a $75 million sale and leaseback of beverage production and packaging equipment for a market-leading co-manufacturer of high-growth beverages in the U.S. The lease proceeds will be used to... Read Story
November 29, 2022, 07:20 AM
Filed Under: Beverage


TimePayment, a fintech company specializing in commercial and specialty equipment lease financing, has announced it has raised its limit for automated approvals for qualified lessees from $15,000 to $25,000. By leveraging the firm’s multiyear... Read Story
November 29, 2022, 07:18 AM
Filed Under: Industry News


Specialty finance provider Mitsubishi HC Capital America announced it has entered into a $20 million facility to provide supply chain financing for an IT value-added reseller (VAR) serving the life sciences sector. With the VAR’s end customer... Read Story
November 29, 2022, 07:09 AM
Filed Under: Industry News


Equipment Finance Cares (EFC) held its last event of 2022 at Blue Street Capital’s new office location in Huntington Beach, CA. The event hosted over 40 equipment finance professionals from 25 different organizations.“The Blue Street Capital team was... Read Story
November 29, 2022, 07:07 AM
Filed Under: Industry News


Global law firm Rimon PC has added Scott Chait as an Equipment Leasing and Finance Partner in New Jersey.Chait joins the firm from Sumitomo Mitsui Banking Corporation, where he served as a director and as in house counsel.Chait has deep experience in... Read Story
November 29, 2022, 07:06 AM


TowneBank announced that Brad E. Schwartz, Towne’s President and Chief Operating Officer, will retire from the company on Dec. 31, 2022. Schwartz also plans to step down as a director of the company when his current term expires at the 2023 annual... Read Story
November 29, 2022, 07:05 AM


The Certified Lease & Finance Professional (CLFP) Foundation announced that 20 individuals who recently sat through the eight-hour online proctored CLFP exam, have passed. They are: Michael Arida, CLFP – Credit and Syndications Manager, Beacon... Read Story
November 28, 2022, 07:23 AM


HBT Financial, Inc., the holding company for Heartland Bank and Trust Company, announced that Patrick F. Busch, Executive Vice President and Chief Lending Officer of the Company and President and Chief Lending Officer of Heartland Bank, will step... Read Story
November 28, 2022, 07:16 AM