PacTrust Awards Lease Portfolio Service Contract to Orion
Published August 27, 2012
Categories: Industry News
Orion First Financial said it has contracted with PacTrust Bank to begin servicing equipment lease and loan contracts. Servicing of the PacTrust accounts became effective August 1, 2012.
PacTrust Bank’s (formerly Pacific Trust Bank) expansion into the small ticket equipment finance space meant that teaming with an expert servicer of these accounts was on the horizon-enter Orion First Financial. PacTrust expects its small ticket portfolio volume to grow to eight digits by years end.
“PacTrust Bank is excited to partner with Orion First Financial for servicing of our growing equipment leasing business. We are confident that the strong knowledge, skills and abilities of Orion’s staff are a great fit to partner with PacTrust in delivering service, choice, value and trust to our customers,” said David Normandin, senior vice president of PacTrust Bank.
Orion First Financial, located in Gig Harbor, WA, is an independent servicer for the equipment finance industry. “We are proud of our role in supporting small business lending and our reputation for service quality. We are very pleased to see that reputation growing among banks,” said Shannon Green, president of Orion First Financial.