Bank of the West, JCB Finance Announce Joint Venture

For Construction Pros reported on April 1, 2015, JCB Finance began partnering with Bank of the West as a branded virtual joint venture captive finance company. With this agreement, Bank of the West will handle all retail and leasing transactions for JCB’s U.S.-based dealerships and their customers, according to For Construction Pros.

“2014 was a record year for JCB in North America,” said Dallas Reeves, JCB North America’s vice president of Dealer Sales. “We’re anticipating substantial growth over the next five years that will create significant demand for our finance division. By partnering with Bank of the West, we’ll have the resources needed to provide optimum service and be more competitive in the marketplace.”

Bank of the West also has a long-standing relationship with JCB Finance, serving as a funding resource for the company since 2004, For Construction Pros reported.

To view the full For Construction Pros report, click here.

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