Debbie Grundy’s extensive experience, strategic thinking and commitment to relationships have solidified her reputation as a respected leader in the equipment finance industry. Over the last four decades, she has contributed to the industry’s evolution through roles in non-captive independents and bank-affiliated organizations, leaving an indelible mark on both her colleagues and the industry at large.
Currently vice president and equipment finance officer at Old Second National Bank, Grundy has built an impressive 40-year career in the equipment finance industry, holding leadership roles across a variety of organizations. Her diverse experience has given her unique insights into the industry’s many facets, enabling her to develop broad expertise in operational excellence, documentation and funding.
“Having lived and breathed equipment finance for the past 40 years, I can wholeheartedly say I still love it,” Grundy says. “I’m proud of how this career has allowed me to build collaborative relationships, solve tough problems and support others in achieving their goals.”
Since Grundy joined Old Second National Bank more than a year ago, she has set the tone for her team and has kept them focused on the bank’s priorities. She has created a clear and compelling vision for the future, while taking time to listen to her team members’ concerns and feedback to improve Old Second National Bank’s efficiencies as a group. She is very respected throughout the organization, known for her integrity and strong work ethic.
Grundy has made many major strides for Old Second National Bank. She took the lead on the bank’s portfolio conversion project; revised, strengthened and documented Old Second National Bank’s Equipment Finance procedures; minimized the bank’s insurance renewal and title project backlog; and improved communications and relationships across departments.
Collaboration has been the cornerstone of Grundy’s success. Whether working with sales teams, leadership or customers, she consistently fosters strong relationships that drive measurable results. Her commitment to teamwork has been instrumental in streamlining policies, enhancing operational efficiency and spearheading growth initiatives across the organizations she has served.
“Deb helped set up operations for a new captive leasing entity,” Victor Eilau, equipment finance vice president and national sales manager for Old Second National Bank and a long-time colleague of Grundy’s, says. “She communicated effectively with all team members and built a high-performing team. Her energy and work ethic are second to none.”
Grundy’s approach to equipment finance is deeply rooted in analysis and strategy. Early in her career at Comdisco, under the mentorship of the late industry legend Ken Pontikes, Grundy mastered equipment trading and negotiated portfolio acquisitions. This expertise in documentation and funding has consistently led to operational excellence throughout her career.
“Grundy willingly accepts challenges and consistently delivers outstanding results,” Tim Woodcock, group president and senior managing director at Old Second National Bank, says. “She demonstrates the calm demeanor and leadership qualities that are characteristic of a great leader.”
Grundy has also been an active advocate for the industry. She is affiliated with the Equipment Leasing and Finance Association, Equipment Leasing Professionals and Women in Leasing, contributing to the industry’s growth and development.
Her dedication extends beyond her professional life. Grundy has served in leadership and volunteer roles with organizations such as the Susan G. Komen Foundation, Chicago area PADS shelters, Girl Scouts of the USA and as a PTO officer for CUSD 220. Her involvement in both career and community exemplifies her well-rounded leadership. •
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