Taylor Capital Group (TAYC) in Rosemont, Ill., said that its bank has hired a former team from LaSalle National Leasing to run a new equipment finance division.
The $4.7 billion-asset parent of Cole Taylor Bank said Friday that Cole Taylor Equipment Finance will offer a full range of equipment finance options and will specialize in originating and syndicating commercial equipment leases for U.S. companies.
Edward A. Dahlka Jr., a former president of LaSalle National Leasing, will head the unit and lead a team of that includes four bankers that he worked with while at LaSalle. Bank of America (BAC) bought LaSalle Bank in 2007.
The equipment finance unit will be Taylor Capital's third national line of business, joining its mortgage and business capital divisions. The company recently said that it was expanding its mortgage unit by hiring more than 60 retail mortgage professionals from Amera Mortgage.