First Federal Bank launched a corporate equipment financing line of business, a recent addition to its capital solutions division. The new team will be led by William (Bill) Badgio.

With more than 30 years of experience, Badgio was most recently responsible for all originations and portfolio management of an equipment finance unit. He was a senior managing director at Seacoast Bank starting in 2019 and a managing director for BMO from 2013 to 2019.

“I am very excited to join the First Federal Bank team as we look to bring our expertise to help support the vast capital expenditure requirements within the equipment finance industry,” Badgio said.

“Our mission is to remain a financially stable institution providing capital solutions to existing customers and new corporate clients,” John Medina, president and CEO of First Federal Bank, said. “This addition to our commercial lending emphasizes our commitment to our customers and developing unique solutions to meet all their needs. We look forward to serving the equipment finance customers with FFB’s personalized and friendly service.”

“Offering equipment finance to new and existing First Federal Bank clients benefits the customers and continues the portfolio diversification that is paramount to our stability,” Robert Tuberville, chief lending officer of First Federal Bank, said.