Shawn Haines was promoted to assistant vice president/credit manager at Merchants Bank Equipment Finance (MBEF).

“Shawn has demonstrated a positive attitude, excellent customer service skills and continues to be a valuable contributor to the MBEF team and our success,” said Corey Hothan, vice president of Operations at MBEF.

Haines has been with MBEF since 2011, serving most recently as credit underwriting manager. He has more than 20 years of financial analysis experience, which includes equipment leasing and floor planning.

“It’s very nice to receive the recognition,” Haines said. “Merchants really supports its team by growing and developing our employees. Plus, the fact that we’re employee owned and our stock evaluation continues to improve is a sign of a great organization.”

Haines is responsible for overseeing underwriting, reporting and maintaining credit quality at MBEF.

Today, MBEF has 11 employees and primarily provides equipment lease and loan financing options to businesses located throughout the central U.S. and also partners with other finance companies in equipment finance transactions outside its marketing footprint.  MBEF finances tangible assets over terms of two to 10 years on equipment with values generally ranging from $50,000 to more than $10 million. MBEF serves many industries, including construction, transportation, healthcare, manufacturing, food and agriculture.

“The people I work with are great,” Haines said. “There are so many important pieces, and we work well as a team. We get the job done.”