CFA Names New 2018 Leadership Committees

The Commercial Finance Association named members to its executive and management committees for the 2018 fiscal year.

California Bankers Assoc., Western Independent Bankers Propose Merger

The California Bankers Association and Western Independent Bankers entered into a merger agreement. The boards of directors from each association separately voted in favor of presenting the merger to member banks for a final vote later this month.

CFA Appoints Gumbrecht as CEO

The Commercial Finance Association appointed Richard D. Gumbrecht CEO. Gumbrecht had been serving as interim CEO of the CFA since January.

King Trade Founder to be Panelist at 27th BAFT Annual Conference

Edward King, founder and managing partner of King Trade Capital, has been selected to be a panelist at the 27th BAFT Annual Conference on International Trade in Chicago.

CFA: Latest Quarterly Index is ‘Significant Indicator of Growth’

The CFA’s latest quarterly Asset-Based Lending Index, indicates that new U.S. ABL loan commitments have risen by 14% compared to the same period last year. The CFA said the data reflects increased optimism and is a significant indicator of growth.

IFA Names Zadek as General Co-Counsel

The International Factoring Association named Robert Zadek as co-general counsel to the organization.

Victor Receives NYIC Leadership in Credit Education Award

SSG Capital Advisors Founding Partner and Managing Director J. Scott Victor received the New York Institute of Credit’s 44th Leadership in Credit Education Award at the organization’s annual dinner.

IFA Adds Four to Advisory Board

The International Factoring Association added four new members to its eight-member board of advisors for two-year terms. Each member is an executive from a commercial finance company.

TMA Honors Indelicato, Kohl as Outstanding Individuals

Mark Indelicato of Hahn & Hesson and Teresa Kohl of SSG Capital Advisors will receive the TMA’s Outstanding Individual Contribution Award at the organization’s annual conference in October.

Crestmark VP Dekutoski Appointed to Detroit TMA Board

Matt Dekutoski, regional first vice president at Crestmark Bank, has been appointed to the board of directors of the Detroit Chapter of the Turnaround Management Association. Dekutoski will serve as treasurer of the chapter.