Progress Financial Corp. has agreed to buy Timonium, Md.-based Equipment Leasing Co.

Under the deal, the leasing company would become a subsidiary of Progress Bank, expanding the equipment leasing business the bank entered last year by purchasing Quaker State Financial Corp.

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.