Utica Equipment Finance hired Marc Parauka as director of credit and underwriting and Matt Worman as business development officer covering the midwestern and central U.S. markets.

“Marc and Matt are extraordinary finance professionals and are an important part of our future,” said Ed Stolarski, co‐founder and president of Utica Equipment Finance. “Both are well respected in the industry, have a strong track record of helping clients, and bring a vast network of industry connections. I look forward to their contribution as we build out our equipment finance platform.”

Parauka is a seasoned credit professional with strengths in financial analysis and managing customer relationships.

Before joining Utica Equipment Finance, he was vice president, business banking credit analyst at Wells Fargo. He also was responsible for underwriting complex equipment lease and loan transactions with EverBank and GE Capital with a focus on the marine, energy, oil & gas, and construction industries.

Worman will be responsible for the company’s sales efforts and overseeing business development activities. Dedicated to serving clients, he has an innate ability to understand a company’s specific needs and structure finance products to support clients’ growth efforts.

Worman brings 15 years’ experience in the equipment leasing industry. Before joining UEF, Worman held senior sales positions with Nations Equipment Finance, NewStar Financial, and Radius Bank after starting his career at First National.