Firstrust Bank Combines Equipment Financing and Mortgage Lending Businesses

Firstrust Bank merged its subsidiaries, Apex Mortgage, a commercial mortgage lender, and Firstlease, a provider of equipment financing, under the new name of Apex Commercial Capital. Apex Commercial Capital will focus on core business lines of commercial mortgage lending and equipment financing for small businesses.

Andrew Tauber, executive vice president at Firstrust Bank, will head the combined company. Tauber has more than 30 years of experience in commercial lending and specialty finance with focuses in business development, risk management, strategic planning and organizational development.

“This merger with Firstlease will strengthen Apex’s ability to help small businesses achieve their financial goals by offering them a wider variety of commercial financing products and services,” Tauber said. “We are committed to providing the best financial solutions to small businesses, and through combining our skills and more than 25 years of experience, we can improve our offerings to better fit the needs of those we serve.”

Jaime Weinstein will lead operations for the combined company, while Claire Gorton will head finance and accounting, Donald Wampler will concentrate on business development and Kevin Boyer will guide credit and collections.

Apex Mortgage and Firstlease finalized the merger on April 1. Apex Commercial Capital will continue to be a fully-owned subsidiary of Firstrust Bank.

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