TROY, Mich. – Lease Corporation of America (LCA) is pleased to announce several executive staff promotions, and one significant retirement, at its corporate offices in Troy, as well as at its subsidiary, LCA Bank Corporation (LCAB), which is located in Park City, Utah.
“This collection of executives support LCA and LCAB with second-to-none service and professionalism,” said John Kemp, LCA Chairman and CEO. The contributions of everyone mentioned are very much appreciated and we look forward to their continued development in the future success of the company.”
Jeff Sugg has been appointed President of Lease Corporation of America and will continue to serve as CFO. Sugg will take the reins from John Kemp as president; however Mr. Kemp will remain on as Chairman and CEO of LCA. Sugg has served as CFO for little over one year. In that time he has proven to be an invaluable asset to LCA and will continue his dedication to the success of LCA into the future.
Laura Olsen has been promoted to President of LCAB and will stay on as CFO. Olsen has been acting Vice President and CFO of LCAB since the bank was formed in 2005. She brings many years of dedicated service to LCAB and the promotion is well-founded and very much deserved. Olsen will continue to build on the success of LCAB.
Christina Campos has been promoted to Chief Credit Officer at LCA and LCAB. As Vice President, LCA Credit, Campos has been a tremendous asset managing and leading the credit department to make sound decisions, performing thorough and accurate credit analysis for complex transactions and assisting in continuous maintenance and improvements to the credit guidelines.
Tim Talbert, the previous Senior Vice President and Chief Credit Officer of LCA, along with President of LCAB, announced his intention to retire by November 30, 2018. During his tenure, Mr. Talbert has implemented a number of changes in LCA’s credit policy and procedures to more accurately reflect the risks inherent in its core business. Under his guidance, LCA developed an extensive database that allows it to monitor the consistency of the credit decisioning process and react quickly to changes in the economic environment. Mr. Talbert was also instrumental in the reorganization of the documentation processing procedures, which have increased that area’s effectiveness and efficiency. LCA wishes Mr. Talbert a happy and well-deserved retirement.
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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.