What’s happening with financial institutions in the equipment finance space? Equipment Leasing & Finance magazine recently talked to Mike Romanowski, Chair of the Financial Institutions Business Council Steering Committee (BCSC), to take the pulse of this sector. Romanowski, President of Farm Credit Leasing Services Corporation, is currently serving his second year as Chair of the committee, which represents bank-related organizations and other financial institutions involved in single transactions greater than $5 million.
What issues is the Financial Institutions BCSC focused on this year?
For the upcoming Bank Roundtable on April 10 in Chicago, immediately preceding the Funding Conference, the Financial Institutions BCSC will focus on two timely issues: The impact of tax reform on equipment finance and partnering with commercial bankers. These two topics go hand in hand as many of the bank’s customers are going to need guidance to determine how best to leverage tax reform and will be looking for creative financing solutions for an anticipated increase in capital expenditures.In addition to our roundtable discussion, the group will continue to focus on engaging early career professionals with the equipment financing industry by completing 15 Guest Lecture Programs at universities and colleges across the country and engaging our elected officials by completing at least two in-district visits with members of Congress.
What do you like best about serving on a BCSC?
I enjoy working with the other members on the Council and expanding the reach and value of ELFA and our industry. The Council has a great group of diverse leaders. We learn from each other and many times we’re able to work together on business opportunities.Join the Roundtables!
The Captive and Vendor Finance, Financial Institutions and Independent Middle Market BCSCs are planning best practices roundtables, to be held April 10 in Chicago. See details at www.elfaonline.org/events.About the BCSCs
ELFA’s Business Council Steering Committees represent ELFA’s five key business segments: Captive and Vendor Finance, Financial Institutions, Independent Middle Market, Service Providers and Small Ticket. The committees pursue priorities related to their distinct memberships and integrate their work into the overall goals of the association. Activities include membership recruitment and grassroots political advocacy, contributing to industry research, presenting the Guest Lecture Program, and attending and contributing to the success of Capitol Connections and the Annual Convention. Interested in joining? Contact Ed Rosen at [email protected].Share:
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EL&F magazine article
Business Council Update
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2018