Customers Bank has selected LeaseTeam’s ASPIRE as the end-to-end lease and long management platform for its newly formed commercial finance business.

“We’re delighted to add Samuel H. Smith III and his trusted and experienced team to our growing family of bank equipment finance companies nationwide,” said Randy Haug, co-founder and executive vice president at LeaseTeam. “The synergies between our group at LeaseTeam and Sam’s team were immediate. We are currently putting our combined years of experience, trust and integrity to work in the deployment of ASPIRE, which is being configured specifically for the success of Customers Bank Commercial Finance and its clients.”

The new business unit will offer equipment finance and leasing products and services for a broad range of asset classes. It will also service vendors, dealers, independent finance companies, bank-owned leasing companies and strategic direct customers. ASPIRE will enable Customers Bank to facilitate transactions and simplify its credit adjudication processes from a single system.

“ASPIRE will provide everything in an end-to-end operating system solution that our commercial finance and leasing business was looking for,” said Smith, who is the managing director of Customers Bank’s Commercial Finance division. “LeaseTeam understands our unique challenges and is providing customized solutions that will enable us to process our transactions more efficiently while providing the flexibility for our future growth and expansion into new business channels and markets. We are very pleased with the progress we have made as a result of the expert guidance that Randy Haug and his team have provided.”