Former ELFA Board Chair Tony Cracchiolo has announced his decision to retire in July after a 52-year career, including the last 17 years at U.S. Bank.

An active participant in ELFA, Cracchiolo served on the Board of Directors for nine years, including serving as Chair in 2017. He also was a member of ELFA’s Executive, Personnel, Nominating, Investment and Audit Committees, as well as the Captive and Vendor Finance Business Council Steering Committee. In 2015 he served as a Trustee of the Equipment Leasing & Finance Foundation.

"Tony Cracchiolo’s contributions as a member of ELFA and the equipment finance industry have been exceptional," said ELFA President and CEO Leigh Lytle. "From his leadership as ELFA Board Chair to his contributions to numerous ELFA committees and the Equipment Leasing & Finance Foundation, Tony’s expertise has made a lasting impact. As he retires, we extend our sincere thanks and wish him all the best."

Cracchiolo began his career in 1972 at Chemical Bank, which is now part of JPMorgan Chase. He spent 29 years at Citicorp, including more than five years as the managing director in its vendor finance business. Since joining U.S. Bank in 2007, he helped grow the business into one of the largest equipment finance providers in the country. U.S. Bank announced it will conduct a search for a new leader of U.S. Bank Equipment Finance in the coming months.