Summit Commercial Finance announced the merger of Cypress Financial Corporation and the appointment of Terry Rozzini as senior vice president, Northwest sales for Summit Commercial Finance. Rozzini will be responsible for managing the sales operation in the Northwest region. Jack Stewart has also been appointed vice president, direct originations for Summit Commercial Finance.

Terry Rozzini, founder & CEO of Cypress Financial since 1980, has over 32 years of experience in the equipment finance industry. In 1990, Stewart joined Cypress Financial Corporation as vice president.

Scott Forrest, CEO of Summit Commercial Finance commented, “the Summit Commercial Finance team is fortunate to acquire the tremendous talent that Cypress Financial Corporation has proven during their 32 years in business. Their steadfast performance to successfully navigate through multiple economic cycles speaks volumes. We are excited to work with Terry, Jack and the employees of Cypress Financial Corporation as we drive growth in our origination channels.”

“Our pursuit to deliver value and flexibility to our customers continues to be paramount. This merger allows two excellent organizations to collaborate their talents, in turn enhancing our product, ability and service. We look forward to growing the Summit Commercial Finance platform.” said Terry Rozzini.

Summit Commercial Finance was established in 1998 and provides equipment financing products for small and medium sized businesses for various industries. Summit Commercial Finance also has an office in Madison, WI that it opened in August of 2011.