LeaseTeam customer Commercial Industrial Finance, an equipment leasing and finance business with experience providing sales-aid finance programs to manufacturers, vendors and distributors, was recently acquired by CBank, a full-service commercial bank headquartered in Cincinnati.
The acquisition enables CBank to expand its current commercial offerings with an equipment leasing and finance capability, while CI Finance will continue serving the commercial, industrial and municipal markets with the financial backing of a full-service bank.
“We’ve enjoyed a long relationship with CEO Bob Rinaldi, president Scott Hawkins and the team from Commercial Industrial Finance here at LeaseTeam, and we’re proud to have the opportunity to work alongside CBank going forward,” said Randy Haug, co-founder and executive vice president at LeaseTeam. “We are confident that ASPIRE will continue to support Commercial Industrial Finance’s growth as the company begins its next chapter.”
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