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News Stories (65 Results) - Credit

Frost Bank announced Howard Kasanoff, a Senior Executive Vice President who has been with the bank since August 1992, will become Chief Credit Officer at the beginning of 2023. Kasanoff will succeed Bill Perotti, Frost's long-serving Chief Credit... Read Story
November 17, 2022, 07:17 AM

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 $1 trillion equipment finance sector, showed their overall new... Read Story
October 26, 2022, 07:25 AM

NJ-based Columbia Bank announced it hired Matthew Rickert as Executive Vice President, Chief Credit Officer. In his role, Rickert is responsible for the Bank’s credit policies, including all aspects of Commercial Credit and Special Assets.Rickert has... Read Story
September 23, 2022, 07:20 AM

36th Street Capital Partners LLC, an independent provider of equipment financing solutions for middle market companies, announced the appointment of Cecile Latouche as Executive Vice President of Credit & Risk Management. "36th Street Capital has... Read Story
August 08, 2022, 07:23 AM

Accord Financial Corp., one of the U.S. and Canada’s leading independent finance companies announced the hiring of Debbie Thomas as Vice President, Credit, managing the credit functions of the U.S. Equipment Finance team. Her responsibilities include... Read Story
June 09, 2022, 07:18 AM

Premier Bank announced the addition of Craig Sciara as Executive Vice President, Chief Credit Officer.“Craig is an accomplished senior-level credit risk professional with extensive experience. He brings with him an exceptionally strong credit... Read Story
June 07, 2022, 07:15 AM

KBRA released its Equipment Loan & Lease indices for May 2022, providing monthly credit trends across securitized loan and lease pools. May remittance reports showed a slight softening of credit performance across securitized equipment loan and... Read Story
June 07, 2022, 07:00 AM

KBRA released its Equipment Loan & Lease indices for April 2022. April remittance reports continued to show solid credit performance across securitized equipment loan and lease pools, as annualized net losses in KBRA’s headline Equipment Loan & Lease... Read Story
May 09, 2022, 07:00 AM

Pinnacle Financial Partners is adding credit leadership in its specialty finance businesses, with the addition of Senior Credit Officer Scott McCann. McCann will manage the underwriting and asset management functions for Pinnacle’s equipment and... Read Story
April 19, 2022, 07:23 AM

Univest Bank and Trust Co., subsidiary of Univest Financial Corporation, announced the appointment of Patrick McCormick as Executive Vice President and Chief Credit Officer. McCormick brings nearly 20 years of credit experience in the financial... Read Story
April 11, 2022, 07:18 AM

Craig Wanichek, President and Chief Executive Officer of Summit Bank, based in Eugene, OR, announced the hiring of Aaron Walker as Chief Credit Officer. Walker has nearly 30 years of experience in banking with a balanced mix of senior management... Read Story
April 06, 2022, 07:10 AM

WSFS Bank, the primary subsidiary of WSFS Financial Corporation, announced Liam Brickley has been named Senior Vice President, Chief Credit Officer, reporting to Christine E. Davis, Executive Vice President, Chief Risk Officer (CRO). In his role... Read Story
March 30, 2022, 07:20 AM

Regions Bank announced it has hired Dave Strickert to lead Corporate Credit Products, part of Regions’ Credit Products Group within Corporate Banking.Strickert joins Regions after a 30-plus-year career at Bank of America, where he most recently... Read Story
March 16, 2022, 07:23 AM

KBRA released its Equipment Loan & Lease indices for January. January remittance reports showed mixed credit readings across securitized equipment loan and lease pools during the December collection period. Annualized net losses in KBRA’s headline... Read Story
February 07, 2022, 07:07 AM

NFS Leasing, Inc., a privately held equipment finance company, announced the appointment of Eric P. Renaud to Chief Credit Officer. He replaces Mark Blaisdell who announced his retirement and will continue to serve as a Senior Advisor for the company... Read Story
January 12, 2022, 07:23 AM

Merchants Bank of Indiana announced the retirement of Chief Credit Officer Richard (Rick) Belser. Robert Burtner, previously Merchants Bank’s Deputy Chief Credit Officer, succeeds Belser and has worked alongside Belser for much of last year. Belser’s... Read Story
January 03, 2022, 07:09 AM

Star Hill Financial LLC announced Ali Bligh has joined the firm as Senior Vice President, Credit for the Franchise Division. In this role, Bligh will support the underwriting of franchise transactions for the quick service restaurant industry... Read Story
October 19, 2021, 07:15 AM

Wondering about the current and forecasted state of credit and collections within the equipment finance industry? ELFA’s 10th Annual Credit Manager Survey provides key insights into credit and reflects the thoughts and perspectives of executive... Read Story
September 10, 2021, 07:15 AM

Kroll Bond Rating Agency (KBRA) released its inaugural Equipment Loan & Lease indices for April 2021. In reviewing credit trends for the sector, this new index aims to complement KBRA’s series of monthly auto, consumer loan and residential index... Read Story
May 24, 2021, 07:15 AM

The Equipment Leasing and Finance Association announced plans for ELFA Credit & Collections Management LIVE!, an interactive virtual conference on June 7-8 focused on "Managing Risk in a New World.” The two-day event will address new and emerging... Read Story
May 18, 2021, 07:20 AM

Oakmont Capital Services (OCS) has added an experienced sales professional and two operations team members to its staff. The additions to the team will expand Oakmont's industry reach and enable the independent lender to continue to provide a... Read Story
May 04, 2021, 07:21 AM

Utica Equipment Finance, LLC announced it has hired Jim Quirk as Director of Credit and Underwriting.Quirk is responsible for evaluating and underwriting commercial lease and loan requests and managing a designated portfolio of client accounts. He... Read Story
April 15, 2021, 07:23 AM

Ramil (Ram) Arpojia has joined First Foundation Bank as a Credit Analyst I in the Equipment Finance Department.  While servicing the equipment finance and leasing needs of the bank’s customers and prospects, the primary growth engine for this... Read Story
November 11, 2020, 07:18 AM

Farm Credit of the Virginias (FCV) announced that Credit Manager Brad Hewitt, has transitioned into the role of Chief Credit Officer and will continue serving out of the Harrisonburg, VA, branch office.Hewitt moved into his new position with 12 years... Read Story
September 30, 2020, 07:05 AM

Stonebriar Commercial Finance announce the promotion of Harrison P. Smith to Vice President, Credit Manager. Stonebriar hired Smith as a junior Credit Analyst in 2015. Smith has successfully assumed progressively greater responsibilities in complex... Read Story
August 31, 2020, 07:22 AM

CIT Group Inc. reported its second quarter 2020 financial results. The company posted a second-quarter loss to common shareholders of $98 million. That compares with net income of $128 million in the second quarter a year ago.Excluding noteworthy... Read Story
July 21, 2020, 07:18 AM

First Business Financial Services, Inc. announce the promotion of Ken James to Senior Director of Credit Administration.James joined First Business in 2004. In his current role, he oversees credit administration for entities within the First Business... Read Story
May 21, 2020, 07:10 AM

First Business Financial Services, Inc. announced its board of directors has appointed Bradley A. Quade to serve as the company’s Chief Credit Officer.Quade has been serving as the company’s Deputy Chief Credit Officer since October 2019. He has over... Read Story
April 01, 2020, 07:19 AM

Eagle Bancorp, Inc., the parent company of EagleBank, announced the promotions of Bank veterans Antonio Marquez and Janice Williams whose outstanding bank service has been recognized for advancement.Antonio (Tony) Marquez has been promoted to Senior... Read Story
March 16, 2020, 07:20 AM

Arvest Bank announced it has hired Jim Bates, who will serve as Manager of Credit Administration for Arvest Equipment Finance (AEF), a division of the bank.AEF Division President Eric Bunnell said the addition of Bates is a result of continued growth... Read Story
November 06, 2019, 07:30 AM

Credit managers across the U.S. are reporting better economic conditions, especially in the service sector of the latest Credit Managers’ Index from the National Association of Credit Management. The Credit Managers’ Index (CMI) from NACM rebounded... Read Story
November 01, 2019, 07:00 AM

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