LeaseTeam, Inc., the premier solution provider in the equipment leasing and finance marketplace, is pleased to announce that Customers Bank, a community, full-service business bank, has selected ASPIRE as the end-to-end lease and loan management solution for its Commercial Finance business.
The new business unit will offer equipment finance and leasing products and services for a broad range of asset classes, as well as service vendors, dealers, independent finance companies, bank-owned leasing companies and strategic direct customers. ASPIRE will enable Customers Bank to facilitate transactions with ease, simplify its credit adjudication processes and everything in between, all from a single system.
“ASPIRE will provide everything in an end-to-end operating system solution that our commercial finance and leasing business was looking for,” said Samuel H. Smith III, managing director of the Customers Bank Commercial Finance division. “LeaseTeam understands our unique challenges and is providing customized solutions that will enable us to process our transactions more efficiently while providing the flexibility for our future growth and expansion into new business channels and markets. We are very pleased with the progress we have made as a result of the expert guidance that Randy Haug and his team have provided.”
“We’re delighted to add Samuel H. Smith III and his trusted and experienced team to our growing family of bank equipment finance companies nationwide,” said Randy Haug, co-founder and executive vice president at LeaseTeam. “The synergies between our group at LeaseTeam and Sam’s team were immediate. We are currently putting our combined years of experience, trust and integrity to work in the deployment of ASPIRE, which is being configured specifically for the success of Customers Bank Commercial Finance and its clients.”
About Customers Bancorp, Inc. and Customers Bank Customers Bank Commercial Finance (“CBCF”) is located in Portsmouth, NH and is a division of Customers Bancorp, Inc. CBCF provides an array of lease and financing products through Vendor, Direct and Capital Markets origination channels focused on the Industrial; Transportation; Construction; Franchise; Packaging; Plastics; Marine; and Helicopter/Fixed Wing markets. Customers Bancorp, Inc. is a bank holding company in Wyomissing, Pa., engaged in banking and related businesses through its subsidiary, Customers Bank. Customers Bank is a community-based, full-service bank with assets of $7.1 billion. A member of the Federal Reserve System and deposits insured by the Federal Deposit Insurance Corporation ("FDIC"), Customers Bank is an equal housing lender that provides a full range of banking services to small- and medium-sized businesses, professionals, individuals and families through offices in Pennsylvania, New York, Rhode Island, Massachusetts and New Jersey. Committed to fostering customer loyalty, Customers Bank uses a High Tech/High Touch strategy that includes use of industry-leading technology to provide customers better access to their money, as well as a continually expanding portfolio of loans to small businesses, multi-family projects, mortgage companies and consumers.
About LeaseTeam, Inc. LeaseTeam, Inc. is a market-leading software and business solutions company serving over 250 financial organizations throughout North America and the United Kingdom. With over 25 years of experience and expertise in the equipment finance and leasing industry, its innovative technologies continue to streamline lease and loan processing for users. LeaseTeam’s ASPIRE™, an end-to-end lease and loan management platform, allows businesses to stop talking about front- and back-end processes, and start talking about managing the total transaction lifecycle—from a single system. For more information about LeaseTeam or ASPIRE, call (800) 531-5086 or visit www.LeaseTeam.com.
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