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In the Marketplace
The RVI Group of Stamford, CT, has appointed Sharon N. McKenna Vice President, Aircraft Risk and Asset Management. She will be responsible for all underwriting of commercial and general aviation transactions, performing risk analysis, preparing appraisals and conducting surveillance of RVI's aircraft portfolio. In addition, McKenna will support the production of new business and the development of new products.
In a separate announcement by RVI, John F. Napierkowski has joined the company in the newly created position of Vice President, Commercial Equipment Underwriting. Napierkowski will be working alongside Sharon McKenna and will be responsible for generating and overseeing the analysis of all commercial equipment transaction underwriting excluding aircraft, performing risk analyses based on industry, asset and market research, conducting surveillance of RVI's commercial equipment portfolio, and supporting production of new products and business.
Huntington Bancshares Inc. of Columbus, OH, has signed a definitive agreement to purchase Bloomfield Hills, MI-based Macquarie Equipment Finance, Inc. Under the terms of the agreement, Huntington will acquire approximately $900 million of assets and assume approximately $630 million of debt, securitizations, and other liabilities.
Advantage Leasing Corporation of Brookfield, WI, has changed its trade name to Advantage+. The change was concurrent with the company's introduction of a new business loan product, Equipment Financing Agreement (EFA), which is a fixed-rate loan with regular periodic payments. It allows borrowers to finance equipment and related costs. EFAs can cover equipment, shipping, installation, software, and startup costs. EFAs do not require advance payments, which further reduces borrowers' upfront cash needs. Other benefits include options to pre-pay without penalty, add subsequent loans, and change terms midstream.
Advantage Funding of Lake Success, NY, a subsidiary of Marubeni America Corporation since 2006, has announced an ownership transition agreement. The agreement gives Marubeni, a multinational, multi'billion-dollar Japanese trading company, full ownership of the company and moved Advantage Funding's CFO Alvaro (Al) Damiani into the position of president and Don Coolbaugh to chief sales officer. Prior to joining Advantage Funding more than two years ago, Damiani served as CFO of Vendor Finance for CIT in the U.S., leading the finance function for CIT's largest segment, providing leases and loans to direct customers as well as dealers and resellers through equipment manufacturing programs. Advantage is a commercial transportation lender.
MB Financial Bank of Chicago has announced that Edward A. Dahlka, Jr. has retired from his position as president of Cole Taylor Equipment Finance (CTEF), a subsidiary of MB Financial Bank, and that Dave Drury, formerly managing director of CTEF, will head the organization.
BIO HERE
The RVI Group of Stamford, CT, has appointed Sharon N. McKenna Vice President, Aircraft Risk and Asset Management. She will be responsible for all underwriting of commercial and general aviation transactions, performing risk analysis, preparing appraisals and conducting surveillance of RVI's aircraft portfolio. In addition, McKenna will support the production of new business and the development of new products.
In a separate announcement by RVI, John F. Napierkowski has joined the company in the newly created position of Vice President, Commercial Equipment Underwriting. Napierkowski will be working alongside Sharon McKenna and will be responsible for generating and overseeing the analysis of all commercial equipment transaction underwriting excluding aircraft, performing risk analyses based on industry, asset and market research, conducting surveillance of RVI's commercial equipment portfolio, and supporting production of new products and business.
Huntington Bancshares Inc. of Columbus, OH, has signed a definitive agreement to purchase Bloomfield Hills, MI-based Macquarie Equipment Finance, Inc. Under the terms of the agreement, Huntington will acquire approximately $900 million of assets and assume approximately $630 million of debt, securitizations, and other liabilities.
Advantage Leasing Corporation of Brookfield, WI, has changed its trade name to Advantage+. The change was concurrent with the company's introduction of a new business loan product, Equipment Financing Agreement (EFA), which is a fixed-rate loan with regular periodic payments. It allows borrowers to finance equipment and related costs. EFAs can cover equipment, shipping, installation, software, and startup costs. EFAs do not require advance payments, which further reduces borrowers' upfront cash needs. Other benefits include options to pre-pay without penalty, add subsequent loans, and change terms midstream.
Advantage Funding of Lake Success, NY, a subsidiary of Marubeni America Corporation since 2006, has announced an ownership transition agreement. The agreement gives Marubeni, a multinational, multi'billion-dollar Japanese trading company, full ownership of the company and moved Advantage Funding's CFO Alvaro (Al) Damiani into the position of president and Don Coolbaugh to chief sales officer. Prior to joining Advantage Funding more than two years ago, Damiani served as CFO of Vendor Finance for CIT in the U.S., leading the finance function for CIT's largest segment, providing leases and loans to direct customers as well as dealers and resellers through equipment manufacturing programs. Advantage is a commercial transportation lender.
MB Financial Bank of Chicago has announced that Edward A. Dahlka, Jr. has retired from his position as president of Cole Taylor Equipment Finance (CTEF), a subsidiary of MB Financial Bank, and that Dave Drury, formerly managing director of CTEF, will head the organization.
BIO HERE
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