Aug 21, 2019: CIT Bank N.A has announced a definitive agreement to acquire Mutual of Omaha Bank in a deal worth $1 billion. CIT Bank is a subsidiary of CIT Group and Mutual of Omaha is a savings bank subsidiary of Mutual. The acquisition is expected to close i...

 

Aug 12, 2019: Aqiok, a managed B2B platform for prestige cosmetics distribution in key global markets, and Anglo-Canadian asset-based lender DND Finance, have announced a multi-year agreement to develop a new app to provide lease financing to cosmetics manufactu...

 

Aug 09, 2019: Asset management firm Brookfield Business Partners has fully acquired Brazilian heavy equipment and fleet management company Ouro Verde. The acquisition included a refinancing package, in which Ouro received a 500 million Brazilian Real ($131 mill...

 

Aug 09, 2019: Bancolombia’s economic research group has predicted growth of 3.1% for the Colombian economy in 2019, up from 2.7% in the first half of the year. The bank, which is Latin America’s largest leasing company according to the Alta Group’s LAR 100, exp...

 

Aug 07, 2019: A new peer-to-peer digital platform that describes itself as the 'Uber of the manufacturing equipment industry' is enabling businesses to offer their idle industrial machinery for rent to other companies. McPond, based in Chicago, matches under-ut...

 

Aug 01, 2019: From spreadsheets to the latest floorplan finance software: new technology has transformed service levels and increased customer demand at a Minnesota-based bank. Merchants Bank launched its digital floorplan strategy following a four-month progra...

 

Jul 26, 2019: Small business commercial equipment financing specialist Marlin is partnering with Columbia Vehicle Group to offer financing options to Columbia’s customers. Columbia Vehicle Group is a global provider of electric commercial utility and industrial...

 

Jul 26, 2019: The equipment finance sector is seeing promising signs of growth in the second half of the year. Data from the Equipment Leasing and Finance Association’s (ELFA) Monthly Leasing and Finance Index (MLFI-25) shows overall new business volume for Jun...

 

Jul 26, 2019: CIT group has announced its power and energy business has arranged $204.5 million in financing to support construction of Holstein Solar, a 200-megawatt solar farm to be built in Nolan County, Texas. The project was sold by 8minute Solar Energy to...

 

Jul 25, 2019: CIT Group is expanding its investment management and advisory capabilities to offer an increased range of products to more customers. CIT Asset Management, the company’s registered investment advisor arm, will offer expanded cashflow-based loans t...