Santander Bank, N.A. today announced that Vincent Belcastro has been appointed as the group head of equipment finance. He will be responsible for growing the team and business focused on financing activities for equipment lending, leasing, and structured finance on a national scale. The team will employ a direct calling approach, establish an institutional buy-side strategy, and service its large corporate and middle market banking clients.
"We’re excited to have Vincent lead our equipment financing group,” said Cameron Letters, managing director and head of commercial banking at Santander. “He brings years of industry experience that will attract new clients and reinforce our equipment finance product offering for existing clients. This fully complements our strategy to support our clients across a number of key product lines.”
Belcastro comes to Santander with more than 25 years of experience in secured financing and leveraged finance, primarily in the risk management-related areas of the corporate middle market arena. A senior secured credit professional and expert structuring specialist, he has held management positions at CIT Group Inc., Citibank, Republic National Bank and Bankers Trust (Deutsche Bank).
“Given Vincent’s extensive background in the industry, we are pleased he chose to join us,” said Juan Davila, head of specialty banking at Santander. “With his experience and the global reach and tremendous resources of Santander, we are in a great position to provide both advice and financing to support all of our clients’ equipment needs.”
Belcastro resides in Montville, New Jersey with his family. He has a Bachelor of Science in Economics and Finance from Saint Francis College.
About Santander
Santander Bank, N.A. is one of the largest retail banks in the United States by deposits. Its main corporate offices are in Boston and it operates principally in Connecticut, Delaware, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania and Rhode Island. Santander’s 9,703 employees serve its 1.8 million customers through the Bank’s 703 branches, 2,092 ATMs, call centers, website and mobile app. Supervised by the Office of the Comptroller of the Currency and a member of the Federal Deposit Insurance Corporation, Santander in the United States is a wholly-owned, financially autonomous subsidiary of Banco Santander (NYSE: SAN), a global commercial and retail bank. For more information about Santander, visit www.santanderbank.com or call 877-768-2265.