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In the Marketplace
CIT Bank of New York, which is the U.S. commercial bank subsidiary of CIT Group Inc ., has completed its acquisition of Portsmouth, NH-based Direct Capital Corporation , a provider of financing to small and mid-sized businesses. Founded in 1993, Direct Capital has provided more than 80,000 businesses with over $2.25 billion in equipment, franchise and vendor financing and lending solutions to grow their businesses. Direct Capital has assets of approximately $500 million and employs 250 individuals.
Signature Bank of New York announced the formation of a new specialty finance subsidiary, Signature Financial LLC , which will begin offering direct finance services for both the franchise and commercial marine industries on a national basis. The franchise business will provide financing to franchise operators across a variety of national and regional restaurant concepts and chains, such as those engaged in fast-casual and family-oriented restaurant businesses. The commercial marine unit will specialize in the financing of commercial vessels, including supply ships, tugboats, barges and commercial passenger transport vessels. The franchise business will be led by John R. Black in the position of National Franchise Finance Manager. He will be responsible for loan origination and strategy. Supporting him is Thomas E. Eylander , who was named Senior Risk Underwriting Manager for franchise finance. Richard J. Paine, Sr. will lead Signature Financial's direct commercial marine business development efforts and aid in the development of the new unit's strategic direction. Most recently, Paine served as National Finance Manager in the Commercial Marine Group at TCF Equipment Finance, Inc .
The Equipment Leasing & Finance Foundation has launched a newly designed website (www.leasefoundation.org) to provide users with an enhanced online experience. The new website design will enable users to browse and download the Foundation's resources, articles, research and studies on the equipment finance industry with greater ease, says the Foundation, including mobile access. The launch coincides with the celebration this year of the Foundation's 25th anniversary.
Yachts, Jets, Horses & Hooch: Specialized Commercial Leasing Models
Defining commercial real estate asset class is essentially a property explaining how it identifies — not necessarily what its original intention was or what others think it ought to be. This article discusses, from a general issue-spot and contextual analysis perspective, how lawyers ought to think about specialized leasing formats and the regulatory backdrops that may inform what the documentation needs to contain for compliance purposes.
Hyperlinked Documents: The Latest e-Discovery Challenge
As courts and discovery experts debate whether hyperlinked content should be treated the same as traditional attachments, legal practitioners are grappling with the technical and legal complexities of collecting, analyzing and reviewing these documents in real-world cases.
Identifying Your Practice's Differentiator
How to Convey Your Merits In a Way That Earns Trust, Clients and Distinctions Just as no two individuals have the exact same face, no two lawyers practice in their respective fields or serve clients in the exact same way. Think of this as a "Unique Value Proposition." Internal consideration about what you uniquely bring to your clients, colleagues, firm and industry can provide untold benefits for your law practice.
Risks and Ad Fraud Protection In Digital Advertising
The ever-evolving digital marketing landscape, coupled with the industry-wide adoption of programmatic advertising, poses a significant threat to the effectiveness and integrity of digital advertising campaigns. This article explores various risks to digital advertising from pixel stuffing and ad stacking to domain spoofing and bots. It will also explore what should be done to ensure ad fraud protection and improve effectiveness.
Turning Business Development Plans Into Reality
This article offers practical insights and best practices to navigate the path from roadmap to rainmaking, ensuring your business development efforts are not just sporadic bursts of activity, but an integrated part of your daily success.