Latest news with #Monitor100
Business Wire
6 days ago
- Business
- Business Wire
Pinnacle Equipment Finance and JB&B Capital Earn National Recognition on Monitor 100
NASHVILLE, Tenn.--(BUSINESS WIRE)--Pinnacle Financial Partners (Nasdaq/NGS: PNFP) has earned two spots on the Monitor 100, the equipment finance industry's authoritative ranking of the biggest and top-performing firms in the country. Pinnacle equipment finance landed at No. 47 nationwide and JB&B Capital, a wholly owned subsidiary, at No. 86, with both recognized for their growth, client impact and originations volume. The recognition comes as Pinnacle equipment finance surpassed $2 billion in new originations in June, less than four years after the practice launched in September 2021. The milestone marks a significant moment for Pinnacle equipment finance. The pace of growth underscores the scale and demand of the practice as it matures into a national platform. Share 'Passing the $2 billion mark and earning a place in the Monitor 100 are strong signals that we're delivering real value for our clients,' said Kris Foster, president of Pinnacle equipment finance. 'Our team is solving complex needs for businesses of all sizes, across industries and credit profiles. We built this practice to be fast, flexible and relational, and clients are responding in kind.' The milestone marks a significant moment for Pinnacle equipment finance. The pace of growth underscores the scale and demand of the practice as it matures into a national platform. Together, Pinnacle and JB&B Capital form a comprehensive equipment finance platform that serves businesses across the credit spectrum, from small firms seeking single-asset financing to large corporations with nine-figure transactions. Solutions include structured and conventional financing for essential-use assets, vendor programs, aviation lending and more with options ranging from tax leases to FMV and TRAC structures. Clients benefit from responsive service, creative structuring and a single point of contact across the full range of needs. Pinnacle's entry into equipment finance is part of a larger strategy to serve clients with growing complexity and scale, while maintaining the personalized service the firm is known for. It also reflects Pinnacle's strategy to diversify its offerings with national specialties that can weather economic cycles and supplement local lending. JB&B Capital enhances those capabilities with deep expertise in special situations and asset types. Both operate under a unified culture and shared commitment to client service, backed by one of the best workplaces in the country and a firm named No. 1 in the U.S. for service to small business and middle market banking by Coalition Greenwich. Pinnacle Financial Partners provides a full range of banking, investment, trust, mortgage and insurance products and services designed for businesses and their owners and individuals interested in a comprehensive relationship with their financial institution. The firm is the No. 1 bank in the Nashville-Murfreesboro-Franklin MSA, according to 2024 deposit data from the FDIC. Pinnacle is No. 9 on FORTUNE magazine's 2025 list of 100 Best Companies to Work For® in the U.S., its ninth consecutive appearance and was recognized by American Banker as one of America's Best Banks to Work For 12 years in a row and No. 1 among banks with more than $10 billion in assets in 2024. The firm began operations in a single location in downtown Nashville, TN in October 2000 and has since grown to approximately $54.3 billion in assets as of March 31, 2025. As the second-largest bank holding company headquartered in Tennessee, Pinnacle operates in several primarily urban markets across the Southeast. Additional information concerning Pinnacle, which is included in the Nasdaq Financial-100 Index, can be accessed at
Yahoo
04-02-2025
- Business
- Yahoo
TriState Capital Bank Named Top 50 Bank as a Leading Equipment Finance Company
$221 million in new business led to 59.1% YOY growth and recognition in the Monitor Bank 50 PITTSBURGH, February 04, 2025--(BUSINESS WIRE)--It's another honor for TriState Capital Bank's Equipment Finance division — Top 50 Bank. The division's 59.1% year-over-year gain in equipment finance total assets in 2023 landed TriState Capital at No. 46 in the Monitor Daily's "Monitor Bank 50" listing for 2024, the bank's first time on the list. The recognition follows TriState Capital's fifth consecutive year on the Monitor 100 as one of the top-performing equipment finance companies in the United States. In 2023, its sixth year, the Equipment Finance division grew its assets to $551.2 million, up from $346.5 million in 2022. The bank's 59.1% increase ranked as the third-largest gain on the list. Tim Moriarity, executive vice president and manager of the equipment group, credits the success to building strong relationships based on personalized service. The team added $221.1 million in new business in 2023. "Our team remains highly experienced and adaptable, delivering effective equipment financing solutions tailored to our customers' needs," said Moriarity, who established the specialized Equipment Finance division in 2018, evolving it from the bank's general commercial lending operations. "Even in the face of rising interest rates and tighter margins, we continue to support our clients by financing essential-use equipment through a range of competitive leasing and loan options, helping clients optimize efficiencies." The Equipment Finance division's continued growth includes the Northeast and Midwest, with a focus on the Chicago area, as well as additional expansion and support in its regional footprints of Pittsburgh, Philadelphia, New York City, Cleveland and North Jersey. Companies and deals are centered on the ongoing acquisition of essential-use equipment, primarily in the transportation, manufacturing and construction sectors. Since its inaugural year, the division has rapidly grown its assets — from $18.1 million in 2018 to $551 million in 2023. "Our business growth is driven by our commitment to delivering highly effective equipment financing solutions that empower middle-market companies to expand," said TriState Capital Bank President and CEO Brian Fetterolf. "Since launching this strategy nearly seven years ago, we've achieved consistent year-over-year success — a reflection of TriState Capital's ability to excel at building and supporting specialized value-add financial services; Tim's leadership and expertise; and the team's relationships, dedication and execution." The Monitor Bank 50 is published by "MonitorDaily," a leading publication in the equipment finance industry. More information and the full list are available at ABOUT TRISTATE CAPITALTriState Capital Bank is headquartered in Pittsburgh, Pennsylvania, and provides commercial banking, private banking and treasury management services to middle-market companies, institutional clients and high-net-worth individuals. TriState Capital Bank serves middle-market commercial customers through regional representative offices in Pittsburgh; Philadelphia; Cleveland; Edison, New Jersey; and New York City, as well as high-net-worth individuals nationwide through its national referral network of financial intermediaries. TriState Capital Bank is a wholly owned subsidiary of Raymond James Financial, Inc. (NYSE: RJF), a leading diversified financial services company providing private client group, capital markets, asset management, banking and other services to individuals, corporations and municipalities. TriState Capital Bank is a Pennsylvania chartered bank. View source version on Contacts MEDIA Jeff ShurillaHornercom215-764-2376jeff@
