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In the Marketplace
BMO Harris Equipment Finance Company of Cleveland has hired Joe DiLallo to lead its corporate aviation finance and leasing business. He will be based in Cleveland, and will have both national and international business development responsibilities. DiLallo most recently served as vice president in the Corporate Aviation Finance (“CAF”) unit of Key Equipment Finance, where he was responsible for growth of the CAF Division through the western United States and select international markets.
MB Financial Bank, N.A. of Chicago, the wholly owned subsidiary of MB Financial, Inc., announced that it has acquired Celtic Leasing Corp. (“Celtic”), a privately held, mid-ticket equipment leasing company. Headquartered in Irvine, CA, Celtic provides leasing services to middle-market companies. It specializes in solutions for the health care, legal, technology and manufacturing industries. In recent years, Celtic's lease originations have ranged from $75 to $100 million on an annual basis. Celtic's CEO, Todd Meyer, and his management team will continue to lead the company. Celtic will operate as a wholly owned subsidiary of MB Financial Bank.
Bank of Ann Arbor has acquired Ervin Leasing Company, a privately held national equipment leasing and finance company headquartered in Ann Arbor, MI. Ervin Leasing was founded in 1978 as a subsidiary of parent company Ervin Industries.
Following the economic downturn of 2008 and 2009, sales have been on the rise since 2010. Despite this, Ervin Leasing's funding sources, previously providing lines of credit in the range of $100 million, remained on the sidelines, leading to the decision to seek out a new owner who could provide funding for growth. Bank of Ann Arbor was chosen after seeking proposals from banks and private equity firms. Ervin Leasing will remain at its current Ann Arbor office location.
SunTrust Banks Inc. of Atlanta has hired Jim Sadowski as vice president of healthcare for subsidiary, SunTrust Equipment Finance & Leasing. Sadowski will be based out of Towson, MD, and is responsible for equipment finance activity throughout the health care industry. He previously held sales leadership positions with M&I Bank Equipment Finance, GE Healthcare Financial Services and Philips Medical Capital/DLL.
BMO Harris Equipment Finance Company of Cleveland has hired Joe DiLallo to lead its corporate aviation finance and leasing business. He will be based in Cleveland, and will have both national and international business development responsibilities. DiLallo most recently served as vice president in the Corporate Aviation Finance (“CAF”) unit of Key Equipment Finance, where he was responsible for growth of the CAF Division through the western United States and select international markets.
MB Financial Bank, N.A. of Chicago, the wholly owned subsidiary of MB Financial, Inc., announced that it has acquired Celtic Leasing Corp. (“Celtic”), a privately held, mid-ticket equipment leasing company. Headquartered in Irvine, CA, Celtic provides leasing services to middle-market companies. It specializes in solutions for the health care, legal, technology and manufacturing industries. In recent years, Celtic's lease originations have ranged from $75 to $100 million on an annual basis. Celtic's CEO, Todd Meyer, and his management team will continue to lead the company. Celtic will operate as a wholly owned subsidiary of MB Financial Bank.
Bank of Ann Arbor has acquired Ervin Leasing Company, a privately held national equipment leasing and finance company headquartered in Ann Arbor, MI. Ervin Leasing was founded in 1978 as a subsidiary of parent company Ervin Industries.
Following the economic downturn of 2008 and 2009, sales have been on the rise since 2010. Despite this, Ervin Leasing's funding sources, previously providing lines of credit in the range of $100 million, remained on the sidelines, leading to the decision to seek out a new owner who could provide funding for growth. Bank of Ann Arbor was chosen after seeking proposals from banks and private equity firms. Ervin Leasing will remain at its current Ann Arbor office location.
Strategy vs. Tactics: Two Sides of a Difficult Coin
With each successive large-scale cyber attack, it is slowly becoming clear that ransomware attacks are targeting the critical infrastructure of the most powerful country on the planet. Understanding the strategy, and tactics of our opponents, as well as the strategy and the tactics we implement as a response are vital to victory.
'Huguenot LLC v. Megalith Capital Group Fund I, L.P.': A Tutorial On Contract Liability for Real Estate Purchasers
In June 2024, the First Department decided Huguenot LLC v. Megalith Capital Group Fund I, L.P., which resolved a question of liability for a group of condominium apartment buyers and in so doing, touched on a wide range of issues about how contracts can obligate purchasers of real property.
The Article 8 Opt In
The Article 8 opt-in election adds an additional layer of complexity to the already labyrinthine rules governing perfection of security interests under the UCC. A lender that is unaware of the nuances created by the opt in (may find its security interest vulnerable to being primed by another party that has taken steps to perfect in a superior manner under the circumstances.
Major Differences In UK, U.S. Copyright Laws
This article highlights how copyright law in the United Kingdom differs from U.S. copyright law, and points out differences that may be crucial to entertainment and media businesses familiar with U.S law that are interested in operating in the United Kingdom or under UK law. The article also briefly addresses contrasts in UK and U.S. trademark law.