SHORT HILLS, NEW JERSEY, Feb. 6, 2018 /PRNewswire/ — Investors Bank (NASDAQ: ISBC) is launching an Equipment Finance Group that will enhance its commercial and industrial (C&I) lending capabilities with middle market companies. An experienced, seven-person team of equipment financing professionals led by Group Leader Kenneth L. Walters, has joined Investors Bank.
Mr. Walters and the Equipment Finance Group will report to Senior Vice President and Head of C&I Lending Mark Noto. The team will be based at Investors Bank’s facilities in Iselin, New Jersey. Mr. Noto believes there will be numerous cross-selling synergies and opportunities between the Equipment Finance Group and the Bank’s C&I lenders in the New York and New Jersey region and beyond. The expectation is that many of Investors’ existing business clients will take advantage of the Bank’s expanded equipment financing and leasing capabilities.
In announcing the formation of the Equipment Finance Group, Investors Bank President and CEO Kevin Cummings said, “We welcome this exceptional capital equipment finance team to our C&I lending group. After reviewing its equipment financing operations, our executive team decided that Mr. Walters’ group is the perfect fit for us. They know the market, are based in New Jersey, serve clients nationwide, possess solid portfolio management skills, and complement our way of doing business.”
Mr. Walters and the Investors Bank Equipment Finance Group will be located at 99 Wood Avenue South, Iselin, New Jersey and phone number is 732.476.1715 and email is email@example.com.
About Investors Bank
Investors Bank, headquartered in Short Hills, New Jersey, is a full-service community bank that has been serving customers since 1926. With over $25 billion in assets and a network of more than 145 retail branches, Investors Bank delivers personalized services and products tailored to the needs of its customers. Investors Bank’s banking services include complete deposit, loan and cash management products for consumers and businesses.
Lazard Freres & Co. LLC served as financial advisor to Investors Bank in connection with its entry into the equipment finance business line.
Investors Bank: Member FDIC and Equal Housing Lender.