Hanmi Bank Adds Coon as First VP, Portfolio Management for Equipment Leasing Division
SEP 14, 2020 - 7:32 am
Hanmi Bank appointed Michael Coon as first vice president – Portfolio Management for the Commercial Equipment Leasing division.
In his new role, Coon will be responsible for all aspects of Hanmi’s growing lease portfolio to include developing deeper relationships with its origination partners, that include banks, independent and captive finance companies. Coon has more than 30 years of sales, syndication and operation management experience. He is a former president of the National Equipment Finance Association and currently serves on the Business Council Steering Committee for the Equipment Leasing and Finance Association.
“We are confident in the role Mike will undertake and excited to see the contributions that he will make within the management group,” Kevin Kepp, executive vice president of Hanmi Bank’s Equipment Finance Group, said. “Portfolio performance is the key to what we do, and Mike is the right person to lead these efforts.”
“I am looking forward to joining the management team at Hanmi’s Commercial Equipment Leasing Division, as well as working with our valued partners. Together, we view portfolio management as an important component to support our business development, underwriting and operational efforts,” Coon said.
Mary Smith entered the equipment finance space at GE Capital in the early 1980s. “What started as a job turned into a career when I realized that no day is the same and this industry provides an opportunity to learn... read more
Yes, 2020 Is Different from 2019 Sales representatives continue to encounter lower demand for many equipment types they have traditionally financed. Credit underwriters have directed their organizations to cease financing indigent industry sectors that have been especially hard hit through... read more