First Business Equipment Finance, a subsidiary of US-based First Business Bank, has appointed David Sook as senior vice-president of Equipment Finance, the specialist lender said in a statement.
Sook joins the team with more than 25 years of experience in equipment finance, covering a wide variety of industries including healthcare, technology and municipal markets, according to a press release.
Most recently, he helped clients nationally in the municipal equipment finance market, leveraging both direct end-user and vendor relationships.
Sook has held a variety of positions in equipment finance in sales, sales management, asset management and managing documentation and operations aspects of the business, according to the release.
Mark Meloy, chief executive of First Business Bank, said: “David is an accomplished equipment finance expert and we’re very pleased to have him on our team.
“His experience in several industries is very valuable to our group as we look to expand in different areas, particularly our growing vendor finance programme,” he said in a press release.
First Business Equipment Finance offers financing and leasing options to support vendors to help them manage budgetary and cash flow constraints, according to its website.