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In the Marketplace

BY ALM Staff
January 31, 2013

BMO Harris Equipment Finance Company of Cleveland has hired Joe DiLallo to lead its corporate aviation finance and leasing business. He will be based in Cleveland, and will have both national and international business development responsibilities. DiLallo most recently served as vice president in the Corporate Aviation Finance (“CAF”) unit of Key Equipment Finance, where he was responsible for growth of the CAF Division through the western United States and select international markets.

MB Financial Bank, N.A. of Chicago, the wholly owned subsidiary of MB Financial, Inc., announced that it has acquired Celtic Leasing Corp. (“Celtic”), a privately held, mid-ticket equipment leasing company. Headquartered in Irvine, CA, Celtic provides leasing services to middle-market companies. It specializes in solutions for the health care, legal, technology and manufacturing industries. In recent years, Celtic's lease originations have ranged from $75 to $100 million on an annual basis. Celtic's CEO, Todd Meyer, and his management team will continue to lead the company. Celtic will operate as a wholly owned subsidiary of MB Financial Bank.

Bank of Ann Arbor has acquired Ervin Leasing Company, a privately held national equipment leasing and finance company headquartered in Ann Arbor, MI. Ervin Leasing was founded in 1978 as a subsidiary of parent company Ervin Industries.

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