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In the Marketplace

BY ALM Staff
September 24, 2013

BBVA Compass of Houston, TX, has established a new division offering equipment leasing and financing to companies across the nation that need everything from new aircraft to rail cars and medical equipment. Mark Marinik, who will be based in Cleveland, OH, leads the new division, BBVA Compass Equipment Finance, but there will be production offices in other cities. He will serve as executive vice president and director of commercial equipment finance. Marinik previously served as president of ICX Corp., the leasing affiliate of Charter One.

Bloom Energy of Sunnyvale, CA, has unveiled a new leasing program with Bank of America Merrill Lynch to finance Bloom Energy projects for on-site power at customer facilities. The program streamlines customer deployment of Bloom Energy Servers, and eliminates the need for an upfront capital investment. BofA Merrill announced a multi-million dollar commitment to the program's two initial projects ' the TaylorMade-Adidas Golf Company manufacturing facility in Carlsbad, CA, and the Honda Center in Anaheim, CA.

Marks & Weinberg, P.C. has changed its name to Marks & Associates, P.C. The firm also announced the hiring of Matthew D. Evans as a new associate. Evans was formerly in-house counsel at BBVA Compass Bank, based in Birmingham, AL.

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