TROY, Mich. – Lease Corporation of America (LCA) has hired Jeffery Sugg as Chief Financial Officer, Senior Vice President. Sugg replaces LCA CFO, SVP Theodore Katikos, who is retiring in June.

With 30 years of experience, Sugg is a seasoned financial professional with accounting, managerial and risk management expertise in all facets of a banking organization.

“We will greatly miss Ted Katikos, who has for many years played a key role for LCA, but we are proud to have such an outstanding financial professional as Jeffery Sugg fulfilling a leadership position,” said LCA Chairman John B. Kemp. “We are undertaking a number of far-reaching creative initiatives and know that Jeffery will contribute greatly to us achieving those goals.”

“Mr. Kemp’s vision and bold initiatives for the company were my primary reasons for joining LCA,” Sugg said. “I look forward to being part of the LCA team for years to come as we continue growing and winning as a company.”

Prior to joining LCA, Sugg served as CFO for several banking institutions, most recently for First Independence Bank in Detroit.

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About Lease Corporation of America and LCA Bank Corporation

LCA is a full-service financing company specializing in technology and industrial equipment financing. LCA offers a multitude of leasing programs that allow companies to obtain the equipment they need now and pay for it over a fixed amount of time, freeing up working capital and credit lines. Based in Troy, Michigan, LCA has serviced the needs of its vendors, customers and brokers since its formation in 1988. LCA is one of the largest independently owned leasing companies in the United States. For more information, please visit www.leasecorp.com.

LCA Bank Corporation, a wholly owned subsidiary of LCA and federally insured institution, has historically been recognized in the upper 1 percent of the more than 7,000 FDIC-insured financial institutions in the United States based on the income measurement of Return on Average Assets.