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Former employees file class action against Wells Fargo - Two former Wells Fargo & Co (WFC.N) employees have filed a class action in California seeking $2.6 billion or more for workers who tried to meet aggressive sales quotas without engaging in fraud and were later demoted, forced to resign or fired.

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Finding the Best Articulated Dump Truck Finance Option - During that rental term, though, you could be quickly building equity that can be converted into a financing option towards ownership.

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Hecla to Participate at MINExpo 2016 and Deutsche Bank Leveraged Finance Conference - Lindsay Hall, Senior Vice President – Chief Financial Officer, will present at the Deutsche Bank Annual Leveraged Finance Conference in Scottsdale, Arizona, on Wednesday, September 28, 2016

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US$54+ million of equipment sold at Fort Worth, TX auction - Solid results for sellers as more than 4,200 people registered to bid in unreserved Fort Worth, TX auction (Sept. 21-22)

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Kind Snacks' Joe Cohen joins Axis Capital as comms chief; company adds CMO - The insurance company has also brought on Michiko Kurahashi as CMO.

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Citizens Bank leads $300M revolving credit facility for Nations Equipment Finance - Nations is a commercial finance company that provides equipment-based loans and leases primarily to middle market companies.

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Orix Rentec Corporation making a mark leasing hi-tech equipment - Senior management of Orix Rentec Corporation have said the company has producing quality electronic measuring devices, including science and environmental analysis equipment, IT-related machinery and medical equipment.

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Analogic Teams with DLL to Offer Financing Options to BK Ultrasound Customers - The BK Finance program is offered in cooperation with DLL, the world’s leading provider of vendor finance programs.

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CIT Provides $35 Million Financing for Mesa Airlines - Mesa Is the Fourth-Largest Independent Regional Carrier in the U.S. and Plays a Crucial Role in the Overall U.S. Commercial Air Network

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Fitch Rates Navitas Equipment Receivables LLC, Series 2016-1 - Equipment types are highly diversified within 2016-1, with the highest concentration being titled equipment (primarily trucks) at 14.61%.

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GE Capital restructures legal team and moves centre of legal operations to UK - GE Capital, the financial services arm of General Electric, has promoted chief legal counsel Andrew Bull to general counsel, succeeding New York-based Jim Waterbury in the role. Bull will remain in London once he moves into the position.

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AeroCentury Corp. Completes $37 Million Aircraft Purchase - AeroCentury is a global aircraft operating lessor and finance company specializing in leasing regional jet and turboprop aircraft and related engines.

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Equipment Leasing and Finance Industry Confidence Eases in September Amid U.S. Election Concerns - The overall MCI-EFI is 53.8, a decrease from the August index of 54.8.

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Jim McKinney '02 to Join Kemper as Sr. VP & CFO - McKinney has also been principal accounting officer and global corporate controller for International Lease Finance Corporation (IFLC), a division of AIG, and has worked for RBS Citizens Asset Finance, KPMG, ServiceGas and the Federal Reserve Bank of Chicago.

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Canadian Private Economy Bottoms Out - Pullback on Investment Impacts Canadian Economy

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Signature Bank Named Best Business Bank by New York Law Journal for Third Consecutive Year - Since the New York Law Journal introduced its reader survey in 2010, Signature Bank has continually secured the top spot or ranked in the top three in each of the categories in which it was named.

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CIT Franchise Finance Expands Mid-Cap Restaurant Sales Team - "These new members of our sales team bring long-standing experience in the restaurant industry as well as exceptional reputations among franchisors and franchisees"

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AirAsia's aircraft leasing unit appoints deputy CEO - AirAsia said Perkins, a British national, had a strong background in accounting, risk management and banking operations, with 20 years of experience in the commercial and banking/leasing industries in Asia and Europe.

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Kemper Announces James J. McKinney to Join the Company as Chief Financial Officer - McKinney will report directly to Joseph P. Lacher, Jr., Kemper’s President and Chief Executive Officer.

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Marlin Business Services Corp. (NASDAQ: MRLN) Shares Downgraded at Zacks Investment Research - Looking back over the last 52 weeks, Marlin Business Services Corp. stock has a high of $19.29.

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DLL Named Preferred Financing Partner for NECA Members Nationwide - The financing expertise of DLL will now be accessible to NECA members as part of the Association’s Energy Conservation & Performance Platform (ECAP).

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Ensuring Compliance With California's Finance Lenders Law - The California Finance Lenders Law (CFLL) imposes licensing requirements on all entities seeking to make as well as broker[1] loans — whether consumer or commercial loans — in the state of California.

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Brazil's listing of Ireland as tax haven increases taxes on aircraft leasing - ABEAR, Brazil´s airline association Brazilian airlines said it plans to meet with tax authorities in Brasilia to try to reverse the tax decision.

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Australia's busiest container port leased for US$7.3 billion - The lease is the latest in a series of port privatizations in Australia in recent years.

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Element Shareholders Vote 99.5% in Favour of Plan to Separate Into Two Market Leading Companies - Completion of the Arrangement remains subject to certain conditions, including final court approval.

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DJ Krystopa Joins TAB Bank's Business Development Team - TAB Bank is pleased to announce the addition of DJ Krystopa (215-350-3839, dj.krystopa@tabbank.com) to their business development team as Vice President and Business Development Officer.

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Deutsche Bank to securitize billions worth corporate loans: source - This year's deal volume is to be lower than last year's $5.5 billion and is unrelated to the mortgage probe.

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Iran urges U.S. to unblock aircraft deals, seeks investors - Iran estimates it will need at least 400 aircraft to renew and expand its fleet, including some 250 in the next 10 years.

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Stenn International Ltd. Launches $300 Million Platform for International Trade Finance - New Financing Facility with Crayhill Capital Expands Resources and Opportunities for Consumer Goods Manufacturers Participating in Global Supply Chain

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First Tennessee Bank closes on acquisition of restaurant franchise loans from GE Capital - The new line of business will have approximately $750 million of outstanding loans.

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GE Completes Sale of U.S. Restaurant Finance Assets - As previously announced, GE is focusing on its high-value industrial businesses and is selling most of GE Capital’s assets.

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Fitch: Global Aircraft Leasing Growing on Low Rates, Rising Air Traffic - The two largest aircraft lessors are GE Capital Aviation Services and AerCap Holdings N.V. Fitch notes, however, that Asian firms are increasingly gaining market share.

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Penske Truck Leasing Introduces New Mobile-Friendly Website and Online Resource Center - Penske Truck Leasing has launched a new, updated website that provides valuable information about its full-service leasing and contract maintenance services, with a seamless experience for customers accessing it from any mobile device, tablet or desktop.

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Structured Finance Industry Group Forms Charitable Foundation - Structured Finance Industry Group, Inc. ("SFIG") is a member-based, trade industry group focused on improving and strengthening the broader structured finance and securitization market.

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Wells Fargo Extends Financing Relationship with Doosan Businesses - Wells Fargo & Company acquired the Doosan and Bobcat relationship earlier this year in the purchase of GE Capital’s vendor finance businesses in the United States and Canada.

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Fannie Mae names GE Capital CEO to board of directors - Ryan Zanin brings over 30 years of experience

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Element Financial’s commercial finance business evolves to ECN Capital - With $6 billion in owned and managed assets in North America, ECN Capital says it will be focused on serving the commercial finance market with access to funding sources, leadership and specialized teams.

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IFC to invest up to $40 million in micro-lender Ujjivan Financial - The proposed investment by IFC will help Ujjivan Financial Services to access low-income borrowers who have little or no access to formal sources of financing

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Introducing IronDirect.com: A Revolutionary New Way to Purchase, Manage and Service Construction Equipment - Working capital leases and leaseback programs are also offered, as are customized financing options for construction contractors and rental companies.

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Ritchie Bros. to conduct its largest-ever Columbus, OH auction on September 28-29 - Unreserved auction features equipment from two of the longest-running contractors in the U.S.

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Cervus Equipment Corporation Announces Dividend - Cervus acquires and operates authorized agricultural, construction, materials handling and transportation equipment dealerships.

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Intelligence Engine Helps Companies Meet Deadline For Lease Accounting Standards - KPMG Spectrum's "Leasing Tool" embeds the firm's accounting expertise into innovative digital compliance platform

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Quality Leasing Adds 2 Senior Leasing Consultants - Kevin Cunningham and Mae Philpott Join the Quality Leasing Team as Senior Leasing Consultants

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Aircastle to Present at 2016 RBC Capital Markets Aircraft Leasing Investor Day - A live webcast of the presentation will be available to the public on the Investors section of Aircastle's website at http://www.aircastle.com/.

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VentureCapital.org Tapped by Salt Lake County to Run its $7 Million Revolving Loan Fund - Under terms of the agreement, VentureCapital.org will administer all existing loans in Salt Lake County’s Economic Development Revolving Loan Fund (EDRLF), while also reviewing, approving and administering new loan requests under the EDRLF program.

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CIT Serves as Lead Arranger and Administrative Agent for $242 Million Financing for Jordan Health Services - CIT has had a long-standing relationship with Jordan, having assisted Jordan in expanding its geographic and service footprint by helping to finance numerous transactions since 2007.

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NetSol Technologies Announces Fourth Quarter and Full Fiscal Year 2016 Financial Results - Total net revenues for the fourth quarter of fiscal 2016 were $19.1 million, an increase of 24% from the prior year period.

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The Collapse of a Major Shipping Firm is Causing a Trailer Shortage in California - The world’s seventh-largest container carrier has more than 500,000 containers, and many already are clogging up ports and truck yards, tying up trailers that cannot be used to handle other cargo.

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Compensation In The Equipment Finance Industry Shows Modest Growth, According To Elfa Survey - The 2016 Equipment Leasing and Finance Compensation Survey measures compensation rates for the 2015 fiscal year as reported by more than 70 equipment finance companies representing a cross section of the equipment finance sector, including independent, bank and captive leasing and finance companies.

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JPMorgan hires GE lending veteran in U.S. Southeast middle market push - JPMorgan Chase & Co said on Wednesday it has hired General Electric Co lending veteran Clarence Nunn to lead its middle market expansion strategy in the Southeastern United States.

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Garanti Leasing Romania receives EBRD loan of €10 million - The European Bank for Reconstruction and Development (EBRD) is extending a €10 million loan to Garanti Leasing Romania to broaden access to finance for the country’s small and medium-sized enterprises (SMEs).

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Golden Gate Capital Acquires Tronair - Golden Gate Capital, a leading private equity investment firm, today announced that it has acquired Tronair Parent, Inc. (“Tronair” or “the Company”) from Levine Leichtman Capital Partners.

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Opus Bank Further Expands Healthcare Banking Team - Donika Schnell, Head of Opus Bank’s Healthcare Banking division stated, “We are pleased to welcome Sharmila to the Healthcare Banking team.

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CIT Appoints Stuart Alderoty as Executive Vice President, General Counsel and Corporate Secretary - Mr. Alderoty will join CIT from HSBC North America Holdings, Inc. where he served as General Counsel since November of 2010.

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Equipment Finance Events & Conferences

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One of the most important aspects of any business conference is your ability to network and form relationships with other attendees. By meeting face-to-face you become more than just a screen name or email address. Making connections with fellow business owners and presenters is simply unparalleled to anything you can achieve online.

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2016 Events & Conferences

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Oct - 6 / 8 - 16  |  Bloomington, MI
Bullet  NEFA - 2016 Funding Symposium
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Oct - 23 / 25 - 16  |  Palm Desert, CA
Bullet  ELFA - 55th Annual ELFA Convention
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Nov - 01 / 03 - 16  |  Orlando, FL
Bullet  NBAA - Business Aviation Convention & Exhibition
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Nov - 11 / 12 - 16  |  Orange, CA
Bullet  NAELB - 2016 Western Regional Meeting
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Nov- 13 / 14 - 16  |  Teaneck, New Jersey
Bullet  NEFA - 2016 EXPO Super Regional
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Nov - 15 / 18 - 16  |  Singapore
Bullet  Amembal & Associates - Operating Lease Seminar
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Nov - 17 - 16  |  Atlanta, GA
Bullet  NEFA - Ansley Golf Club Networking Luncheon
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2017 Events & Conferences

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04 - 27 / 29 - 17  |  Memphis, TN
Bullet  NAELB - 2017 Annual Conference
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A Complimentary Advertisement

ELFA Annual Convention

ELFA
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55th Annual Convention
Palm Desert, CA
October 23 - 25, 2016
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A Complimentary Advertisement

NBAA'S Business Aviation Convention & Exhibition

NBAA
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NBAA'S Business Aviation
Convention & Exhibition
Orlando, FL
November 1 - 3, 2016
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