Eagle Bancorp in Bethesda, Md., has added equipment leasing to its lineup of commercial banking products.
The $5.9 billion-asset company will offer equipment leasing through its EagleBank Leasing Services unit, according to a Monday news release. EagleBank Leasing Services is a joint venture with ELEX Group in Medford, N.J.
EagleBank will offer both operating and capital leases for business equipment.
"Many business customers prefer the ease and efficiencies of leasing their needed equipment," Lindsey Rheaume, chief commercial-and-industrial lending officer at ELEX, said in the release.