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In the Marketplace
Key Equipment Finance of Superior, CO, has named Jonathan L. Fales vice president of strategic business development.' He will be responsible for defining, prioritizing, and executing areas of focus for new markets and other strategic business development initiatives. Fales previously served as senior managing director and a partner in The Alta Group, where he advised some of the world's largest equipment financing firms in the world in areas such as vendor programs, market entry, competitive benchmarking and international leasing.
CoBank of Denver, CO, a cooperative bank serving agribusinesses, rural infrastructure providers and farm credit associations throughout the U.S., has appointed Mike Romanowski president of its Minneapolis-based leasing subsidiary, CoBank Farm Credit Leasing. The leasing company has a portfolio totaling over $2 billion in leases with farmers, ranchers, cooperatives and other rural customers. Romanowski succeeds Russ Nelson, who is retiring after six years as president of CoBank Farm Credit Leasing and almost 40 years with CoBank and the Farm Credit System. Romanowski has been with CoBank since 1997 and served as National Leasing Sales Manager for its leasing subsidiary over the past two years.'
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First Financial Corporate Services, Inc., of Placentia, CA, a provider of medical, material handling and IT equipment leasing solutions, has expanded into Canada, forming FF Canadian Leasing, Inc. The new company is a vendor-independent lessor of material handling equipment and forklifts. The company works directly with manufacturers that have warehousing and distribution needs to provide leasing options. Bill Heston will lead the new company in the role of country manager for material handling equipment. He will be responsible for sales, as well as client, vendor and manufacturer relationships. Heston previously served as a vice president at CitiCapital.'
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Diversified Lenders, Inc., of Lubbock, TX, has formed Diversified Transportation Finance, LLC, which will focus on serving the financial needs of trucking companies across the country through factoring, AR finance lines and equipment finance. They will work with a broad range of carriers with one to hundreds of trucks. Eric Myers has been named president of the Diversified Transportation Finance. He served most recently as vice president of marketing for TAB Bank.
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Key Equipment Finance of Superior, CO, has named Jonathan L. Fales vice president of strategic business development.' He will be responsible for defining, prioritizing, and executing areas of focus for new markets and other strategic business development initiatives. Fales previously served as senior managing director and a partner in The Alta Group, where he advised some of the world's largest equipment financing firms in the world in areas such as vendor programs, market entry, competitive benchmarking and international leasing.
CoBank of Denver, CO, a cooperative bank serving agribusinesses, rural infrastructure providers and farm credit associations throughout the U.S., has appointed Mike Romanowski president of its Minneapolis-based leasing subsidiary, CoBank Farm Credit Leasing. The leasing company has a portfolio totaling over $2 billion in leases with farmers, ranchers, cooperatives and other rural customers. Romanowski succeeds Russ Nelson, who is retiring after six years as president of CoBank Farm Credit Leasing and almost 40 years with CoBank and the Farm Credit System. Romanowski has been with CoBank since 1997 and served as National Leasing Sales Manager for its leasing subsidiary over the past two years.'
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First Financial Corporate Services, Inc., of Placentia, CA, a provider of medical, material handling and IT equipment leasing solutions, has expanded into Canada, forming FF Canadian Leasing, Inc. The new company is a vendor-independent lessor of material handling equipment and forklifts. The company works directly with manufacturers that have warehousing and distribution needs to provide leasing options. Bill Heston will lead the new company in the role of country manager for material handling equipment. He will be responsible for sales, as well as client, vendor and manufacturer relationships. Heston previously served as a vice president at CitiCapital.'
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Diversified Lenders, Inc., of Lubbock, TX, has formed Diversified Transportation Finance, LLC, which will focus on serving the financial needs of trucking companies across the country through factoring, AR finance lines and equipment finance. They will work with a broad range of carriers with one to hundreds of trucks. Eric Myers has been named president of the Diversified Transportation Finance. He served most recently as vice president of marketing for TAB Bank.
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COVID-19 and Lease Negotiations: Early Termination Provisions
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