The Lessors Network

U.S. business borrowing for equipment falls 1 percent in December: ELFA . The companies signed up for $12.7 billion in new loans, leases and lines of credit last month, down from $12.8 billion a year earlier. .

. CIT Bank Renews Partnership with a New Grant for First-Time Homebuyer Assistance . The first bank to partner with Los Angeles by granting direct down payment assistance for lower income first-time homebuyers provides a second $400,000 .

. Pacific Rim Capital 49% stake acquired by Fuyo General Lease . PRC is a leading independent leasing company that primarily conducts operating leases of material handling equipment in the USA, Mexico and Canada. .

. CIT Declares Common Dividend . CIT Group Inc. (NYSE: CIT) today announced that its board of directors has declared a quarterly cash dividend of $0.25 per common share on its outstanding common stock. .

. The Alta Group Initiates Japanese Investment in U.S. Equipment Leasing Company . The Alta Group recently played a key role in a significant investment by Fuyo General Lease Co., Ltd. (FGL) in Pacific Rim Capital, Inc. (PRC). .

. Grant Thornton launches LeaseCom Analytics . LCA combines advanced analytics and machine learning to automate the process of maintaining a complete, accurate picture of a company’s lease portfolio. .

. CFOs Uncover Surprise Savings as They Implement New Lease-Accounting Rules - WSJ . As finance executives analyze thousands of lease contracts to comply with new rules, they’re rewarded with potential savings .

. Massage Envy Chooses Ascentium Capital to Provide Franchisees With aStrategic Finance Program . Ascentium Capital’s finance program will offer affordable monthly payments, deferred structures and other payment options. .

. F.N.B. Corporation Reports Fourth Quarter and Full Year 2018 Earnings per Share of $0.30 and $1.12, Respectively . Full Year 2018 Earnings per Share Increases 78% .

. GATX Corporation Reports 2018 Fourth-Quarter and Full-Year Results . While we saw broad increases in market lease rates in 2018, revenue was still pressured as the renewal lease rate change for GATX’s Lease Price Index was negative 9.8% for the year. .

. Huntington Bank Chief Credit Officer Dan Neumeyer Announces Plan to Retire . Neumeyer joined Huntington in 2009 and has been instrumental in leading its credit organization, including credit policy and portfolio risk management as well as credit approval. .

. Stonebriar Closes $81.6 Million, Multi-tranche Term Loan Led by the Land Transport Division of DVB Bank SE . The Facility provides Stonebriar with two tranches of 364-day committed funding for a portion of Stonebriar’s railcar portfolio. .

. Peapack-Gladstone Financial Corp. announced several new executive additions to its firm . Mattaliano will be responsible for the evaluation and due diligence of new and existing equipment finance and leasing clients and preparation of loan proposals. .

. SBOA Teams With Lease Corp. of America to Offer Self-Storage Equipment Financing . Storage Business Owners Alliance LLC (SBOA), a buying group for the U.S. self-storage industry, has partnered with Lease Corp. of America (LCA)... .

. Priority One’s Growing Equipment Finance Division Increases Staff . Priority One Financial Services, Inc., the industry’s oldest and largest F&I outsourcing provider, adds Kristopher (Kris) Dobrowski and Mark Schiller to its equipment finance division. .

. Corporations increasingly seen defaulting on debt – survey . ...according to a quarterly survey by the International Association of Credit Portfolio Managers. .

. People's United Bank Acquires VAR Technology Finance, an Industry-Leading Equipment Finance Company . Headquartered in Mesquite, TX, VAR Technology Finance will become a division of People's United's operating subsidiary, LEAF Commercial Capital, Inc. ("LEAF"). .

. Onset Financial Moves to New Campus to Accommodate Growth . Onset Financial’s campus is complete. Employees will start 2019 in an all-new state-of-the-art 55-thousand square foot office space and campus. .

. LeaseAccelerator and Armanino Launch Joint Lease Accounting Solution . Alliance to help Public, Private, and Non-Profits Accelerate Adoption of New GAAP Standards .

. GE headed lower because key aviation business is worth less than believed, analyst says . Gordon Haskett’s John Inch does “not believe that GECAS would fetch anywhere close to the book value of its assets .

. First Midwest Bancorp Completes Acquisition of Northern Oak Wealth Management . ...Northern Oak Wealth Management, Inc. ("Northern Oak"), a Milwaukee-based registered investment adviser with approximately $800 million of assets. .

. Equipment Leasing and Finance Industry Confidence Eases Further in January . The overall MCI-EFI is 53.4, a decrease from 55.5 in December. .

. Alternative small business finance provider Capify secures £75 million credit facility from Goldman Sachs . Capify, a leading alternative small business finance provider in the UK and Australia .

. New Solution From Bloomberg Tax Addresses Accounting Compliance Challenges . Accounting Portfolios incorporate expert-written analysis on more than 80 topics, including lease accounting standards, credit losses, revenue ... .

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