News

Olson, Myrick Join Fintech Firm Built Technologies as Directors

Billy Olson and Natalie Myrick joined Built Technologies, a fintech company focused on bringing construction lending into the digital age. Olson joined as director of builder financial solutions and Myrick as director of mortgage solutions. read more

Arvest Equipment Finance Sets Record for New Production

Arvest Equipment Finance closed more than $161 million in new production in 2018, a record total for the Arvest Bank division. read more

Maxim Commercial Capital Funds 927 Deals in 2018

Maxim Commercial Capital funded 927 hard asset-secured loans for small and mid-sized businesses during 2018, a 6.3% increase over the prior year. read more

Bryan Joins Isuzu Finance Sales Team as District Manager

Jim Bryan joined the sales team of Isuzu Finance of America as district manager for the Central South Region. read more

Marlin 2018 Adjusted Net Income Increases 34.9% Y/Y

Marlin Business Services reported fourth quarter 2018 net income of $6.4 million compared with net income of $15.9 million from Q4/2017. Fourth quarter net income on an adjusted basis was $6.4 million, compared with $5.9 million a year ago. read more

Fed Continues to See Labor Market Strength, Growing Economic Activity

Information received after the Federal Open Market Committee December meeting indicates that the labor market continues to strengthen and economic activity is rising at a solid rate. Therefore, the Committee decided to maintain the federal funds target range at 2.25% to 2.50%. read more

Boeing Capital Musing Partnerships with Middle Eastern, African Banks

According to The National, Boeing Capital is looking into partnerships with Middle Eastern and African financial institutions to create shariah-compliant aircraft funding for its customers in the region. read more

TAB Funds $15MM Revolver for Construction Supplies Company

TAB Bank provided a $15 million asset-based revolving credit facility to a construction supply company with operations in California and Minnesota. read more

BNP Paribas Promotes Three Executives

BNP Paribas Leasing Solutions recently made several executive changes and promotions, including the appointment of Pascal Layan to deputy CEO, Wolfgang Pinner to chief data officer and Delphine Roché to director of transformation and IT. read more

Fintech Company Abaca Launches Cannabis Industry Lending Platform

Fintech company Abaca launched a banking platform to serve the cannabis industry, including lending services such as real estate/mortgage loans, equipment financing, inventory credit lines, purchase order financing and receivables factoring. read more

Nexseer Capital Completes Year of Growth & Transformation

Nexseer Capital marked the completion of 2018 on a trajectory of expansion and transformation, with transaction growth of 23% and direct balance sheet originations growth of 300% over the course of the year. read more

Park National Bank Tops $110.4MM Net Income for 2018

Park National Bank reported increased net income and earnings per share among its financial results for the fourth quarter and full year of 2018. Q4 earnings for 2018 were $26.3 million, a 15% increase from $22.8 million for the fourth quarter of 2017. read more

TimePayment Expands Revolving Credit Facility to $385MM

Fintech company TimePayment expanded its revolving credit facility to $385 million, including a $50 million accordion. read more

Auctus Capital Supports EVO America Buyout by Middleby

Auctus Capital Partners acted as strategic advisor to EVO America, supporting its acquisition by strategic buyer The Middleby Corporation. The transaction was led by Auctus Capital Partners and its Managing Director William Allen. read more

BVRLA Membership Fleets Top 5MM Vehicles While Industry Braces for Change

The combined fleet of British Vehicle Rental and Leasing Association members has risen to more than five million vehicles for the first time. read more

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Terry Mulreany
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