Equipment Leasing and Finance Association - Equiping Business for Success

Beneficial Equipment Finance Corp. Expands Leadership Team With New Hires Doreen Cropp and Scott Soslow

Posted 10/04/2018

PHILADELPHIA, October 2, 2018 - Beneficial Bank (NASDAQ: BNCL) announced today that Beneficial Equipment Finance Corporation (BEFC) has named Doreen Cropp and Scott Soslow as Vice Presidents, Business Development Officers.

“Our healthcare industry vertical represents an attractive area of opportunity to further grow our business,” said George Bednar, Vice President and Director of Sales for Beneficial Equipment Finance Corp. “We’re looking forward to the 50+ years of combined experience that Doreen and Scott bring to our team, as well as the contributions they will make in our future growth.”

Cropp joins BEFC with over 25 years of financial services experience, as well as accomplished business development and relationship building.  She has been extremely successful in developing strong healthcare vendor relationships through her career, and has a track record dealing with competitive selling situations that have resulted in over $200 million in lease volume.  Prior to BEFC, Cropp held roles in Business Development at TCF Equipment Finance, DLL Financial Services and CitiCapital as well as her own finance company.

Soslow brings over 30 years of equipment financing experience to Beneficial in sales, management, credit and operations to facilitate the division’s growth plans. At BEFC, he will be responsible for developing new manufacturer, distributor and dealer relationships in both the healthcare and commercial markets.  Prior to his role at BEFC, he held positions with Copelco Leasing/Citi Capital, American Express Business Finance, LEAF Financial and Marlin Equipment Finance.

Beneficial Equipment Finance Corporation is a nationwide commercial equipment financing company and subsidiary of Beneficial Bank.

For more information, visit the Beneficial Equipment Finance Corp. website.

About Beneficial Bank

Founded in 1853, Beneficial Bank is the oldest and largest bank headquartered in Philadelphia. With over 60 offices in the greater Philadelphia and South Jersey regions and approximately $5.9 billion in assets, Beneficial is a full service financial institution whose product offering includes commercial, consumer and real estate lending, equipment finance, and insurance. Beneficial has been committed to providing financial education to individuals and businesses in the Delaware Valley for more than 160 years. Visit for more information.

Erika Willrodt
Beneficial Bank

Upcoming Events