ACG Equipment Finance, a division of American Bank, originated a company record $107 million in funded equipment finance contracts in 2021, marking a 39% increase compared with 2020.
“Our 2021 results can be attributed to our highly skilled and experienced team and their continued commitment to providing best-in-class service to our customers and equipment dealers,” Rob Childers, president of ACG Equipment Finance, said.
Founded in 2002 and recently acquired by American Bank, ACG Equipment Finance has a team of 32 equipment finance professionals and has originated more than $400 million in funded equipment finance contracts over the last five years.
“We are thrilled to be a part of American Bank and we are confident that our recent acquisition will enable us to further enhance our processes, technology and equipment finance solutions,” Childers said. “The stability and resources of American Bank, combined with our efficiency and emphasis on customer and equipment dealer relationships, will allow us to dramatically increase the number of business owners we serve. As entrepreneurs ourselves, we have a unique understanding of the challenges our customers and dealers face each day, and our team works diligently to provide equipment finance solutions that meet their needs.”
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