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Smaller banks have historically shied away from equipment finance because it requires a lot of expertise that typically has an up-front cost. But a desire to book assets at higher yields has made the business more attractive, industry experts say.
February 12 -
Bankers should be a resource for their communities beyond making loans and sponsoring little league teams. Here are a few fresh ways to get involved.
November 26
Marlin Business Services (MRLN) in Mount Laurel, N.J., has hired a chief lending officer for its bank.
Bryce Ray manages the investments and credit underwriting for the $572 million-asset Marlin Business Bank, the company said Thursday. The position is new; previously, bank president Raymond Dardano also performed the chief lending officer's duties, a spokesman said.
Before joining Marlin several weeks ago, Ray was vice president of credit at Optum Bank in Utah. Earlier, he worked for Citigroup (NYSE:C) in a credit role.
Ray's "industry experience and lending expertise will be a tremendous asset to our organization as we continue to expand our customer base and offer enhanced credit services," Dardano said in the release.
