TOP 10 NEWS STORIES OF FEB/MAR 2019
Of the nearly 300 news stories posted on monitordaily between February and March 2019, these were the top 10 headlines in order of reader popularity:
Mechanics Bank agreed to acquire Rabobank in a strategic business combination transaction valued at approximately $2.1 billion. The transaction has been approved by each party’s authorizing board of directors.
Signature Bank appointed Ketih Connors to vice president, capital markets and Nick Cremonese to account officer, National Third-Party Intermediaries, a newly created position.
SunTrust Bank and BB&T signed a definitive agreement to combine in an all-stock merger of equals valued at approximately $66 billion. The combined company will be the sixth-largest U.S. bank based on assets and deposits.
Utica Leaseco formed an affiliate company, Utica Equipment Finance, which will offer equipment-based term loans and leases to companies throughout North America and will be led by co-founder Ed Stolarski as president of the new company.
Chesswood Group expanded its equipment finance footprint in the U.S. with the launch of Tandem Finance, a Houston-based provider of financing for equipment purchases, through equipment vendors and distributors, to small and medium sized businesses of all credit profiles.
John F. Stewart, chief of Local Markets and Government Banking and member of the Executive Management team at Flushing Bank, passed at age 62.
Hanmi Bank’s Commercial Equipment Leasing Division added two seasoned industry veterans to its rapidly growing team. Michael Coon has been hired as senior business development and capital markets officer and Maggie Holly as first vice president, credit manager.
Chemical Financial and TCF Financial plan on making several new executive leadership appointments for the combined company after closing their merger of equals, which is anticipated for the late third or early fourth quarter of 2019, subject to customary closing conditions, including receipt of customary regulatory approvals and approval by the shareholders of each company.