Seeking to take advantage of turmoil at hometown rival Signet Banking Corp., Richmond, Va.-based Crestar Financial Corp. has launched an equipment leasing subsidiary.

Daniel E. McKew, former chief operating officer of Signet Leasing Co., is now president of Crestar Leasing Corp., which, like Signet Leasing, is based in Baltimore.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.