Executive Profiles

CIT’s Belcastro Discusses New Initiative in Equipment Finance

The severe economic downturn of recent years has seen many equipment lenders leave the business or sharply curtail their activities, and CIT was no different, downsizing its Diversified Industries Group in 2007. Central to CIT's recovery strategy is the appointment of a senior CIT veteran, Belcastro, well-known both inside CIT, as well as throughout the asset-based finance industry, as a knowledgeable and experienced professional.... read more

New Appointment at CapitalSource

When the industry learned of Laird Boulden’s promotion to president of CapitalSource at the end of October, the logical question arose: who will succeed him to lead the company’s equipment finance operations? According to Boulden, the appointment of Maureen Carr to his former position goes way beyond the naming of a suitable replacement…... read more

TAB Bank Launches Equipment Leasing Unit With Coon at the Helm

Bringing the right pieces together for any new venture can be risky and difficult. But for TAB Bank, which already has experience funding equipment leasing transactions, putting together a new Leasing Division with Mike Coon as head of the unit was a natural fit for TAB’s already established commercial lending portfolio.... read more

PNC Equipment Finance's Rich Doherty Says There’s Still Room for Growth

It’s no secret that the past three or four years have been a struggle for many equipment finance companies and their customers. Economic indicators remain unsteady, and the U.S. stock market bounces up and down almost daily. It’s no wonder that we’ve taken note of PNC Equipment Finance’s steady rise to the top within the same time frame.... read more

Even in a Downturn, De Lage Landen ‘Stays the Course’ With Long-Term Strategy

In January of this year, Monitor readers found out that William Stephenson was appointed to lead De Lage Landen’s Global Vendor Finance (GVF) group. Recently, the company released impressive results for the first half of this year. We reached out to Stephenson, a 25-year veteran of the company, to learn more about his group’s performance and its approach to the market.... read more

CapStar Commercial Finance: At the Heart of Palm

A banking newcomer, CapStar Bank is now in a position to diversify into the equipment financing space and has turned to former GMAC Commercial Finance execs Lee Palm and Brian Shapiro to create CapStar Commercial Finance. In a cycle that he sees as favorable for emerging equipment finance units, Palm is building a team and focusing on the core values of credit, credit discipline, underwriting and deal structures.... read more

Pawnee Leasing

Making Pawnee Leasing Corporation unique in the equipment leasing industry is its exclusive use of brokers for all originations. Even in an era in which others have abandoned the use of brokers, Pawnee unwaveringly adheres to its business model using the broker channel and prides itself in its broker support and training.... read more

Arvest Equipment Finance

In business for a little more than four years, Arvest Equipment Finance has seen steady growth, even through a brutal economic downturn. With 2010 assets up $10.5 million, or 16.1% from 2009, the company has entered the Monitor 100 rankings at #96. Behind this success is Kyle W. Gilliam, president and CEO, and his team based in Fort Smith, AR. ... read more

First Niagara Leasing

How do you transform a non-descript small-ticket leasing company whose business is sourced primarily through the broker channel into a burgeoning regional operation in 14 states focused on the middle market in two years’ time? We asked industry veteran Edward Perkowski, who heads First Niagara Leasing, and we found out that like its famous namesake, First Niagara Leasing is rapidly becoming a force to be reckoned with.... read more

Western Alliance Equipment Finance

Western Alliance Equipment Finance has entered the Monitor 100 at #73 in style — boasting 101% asset growth and 55% volume growth in 2010. On a steady role since 2008 when Michael Brown, president and CEO, joined the company to lead the division, Western Alliance EF is poised to continue meeting its growth goals by sticking to the basics — offering a quality product with a personal touch.... read more

De Lage Landen’s Slaats Discusses 2010 Performance, Global Vendor Finance

In March 2011, De Lage Landen reported an impressive 79% increase in 2010 year-over-year net profit as compared to 2009. The Monitor sat down with CEO Ronald Slaats to discuss the company’s extraordinary performance, the vendor finance business on the global front as well as his thoughts on the current conditions in the U.S. market.... read more

EverBank Commercial Finance Forms Lender Finance Group

The Monitor spent time with EverBank Commercial Finance’s chief operating officer Jeff Hilzinger and David D’Antonio, the recently appointed managing director of EverBank’s new lender finance unit. While the initial focus will be on equipment and specialty finance companies, both executives affirm this is the first of many undertakings EverBank Commercial Finance will take on in funding commercial finance companies.... read more

NewStar Equipment Finance

Late last year, Tim Conway, NewStar Financial’s chairman & CEO, told ABF Journal readers that the launch of its new ABL business signified the Boston-based specialty finance company’s intention to broaden its offering and build its product set in areas synergistic to its existing client base. The formation of NewStar Equipment Finance confirms the fact the Conway isn’t messing around…... read more

SunTrust Equipment Finance & Leasing

Six months after taking over the reigns at SunTrust Equipment Finance & Leasing as president, Ken Turner is geared to expand the bank subsidiary by diversifying its balance sheet, optimizing the company’s business mix and growing its market share.... read more

Nations Equipment Finance

The equipment finance industry took notice when industry veterans Phil Carlson and Tom Fanelli announced the formation of Nations Equipment Finance only weeks ago. What compels the two to create a new venture once again? Maybe it’s something like the thrill of the launch and, of course, to seize some big opportunities.... read more

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