BankFinancial Corporation, a publicly-listed minority US bank, is to expand the remit of BankFinancial Equipment Finance, its asset finance division, the lender said in a statement.
The Illinois-based bank said its asset finance offering will now include leasing to governmental, middle-market and small business lessees.
The bank will also continue its corporate leasing, lending, deposit and treasury management services to independent equipment lessors across the US, the bank said.
Marci Slalge, president of BankFinancial Equipment Finance, said: “As we add the middle-market and small business capabilities, BankFinancial Equipment Finance now has a three-dimensional presence in the leasing market.
“With the additional capability to provide bridge, warehouse and retained lease and residual equity credit facilities to the entire market, BankFinancial can now provide virtually every lease, loan and deposit product and service needed by independent equipment leasing companies.”
Morgan Gasior, chief executive of the bank, said the expansion enhances the “scope of our commercial lease and finance originations and further expands the opportunities available for new commercial lending, deposit and treasury services to the independent lessors in these segments.”