LEAF Financial Corporation announces today that it will be consolidating two of its processing centers 8/18/2008
PHILADELPHIA, PA. – August 8, 2008 – LEAF Financial Corporation, LEAF Financial Corporation announces today that it will be consolidating two of its processing centers and transitioning essentially all of its third party operations and servicing to Columbia, South Carolina. This consolidation coincides with the September opening of LEAF’s new expanded facility in South Carolina. The new office will provide nearly 20,000 square feet of space and room for over 150 employees dedicated to serving the broker and third party market segment. With the opening of this new facility and business consolidation, LEAF will be phasing out its Santa Barbara, California location. The new location will combine the programs, products, and services of LEAF Third Party Funding (formally the leasing division of Pacific Capital Bank) and LEAF Specialty Finance (formally NetBank Business Finance) under one roof in order to provide third party lease originators an integrated solution for all of their business needs. Dwight Galloway has been promoted and will run the combined operations.read more
Resource America, Inc. Closes on New Debt Facilities for Its Managed Equipment Leasing Funds 6/2/2008
PHILADELPHIA, PA. – June 2, 2008 – Resource America, Inc, (NASDAQ: REXI) announced today that its subsidiary, LEAF Financial Corporation ("LEAF") has closed on a new debt facility for LEAF Equipment Leasing Income Fund III, L.P. (“LEAF III”) and extended an existing facility for LEAF Equipment Leasing Income Fund II, L.P (“LEAF II”). read more
LEAF Financial Corporation Names New Group Head of Capital Markets & Structured Finance 2/21/2008
PHILADELPHIA, PA. – February 21, 2008 – LEAF Financial Corporation, a subsidiary of Resource America, Inc. (NASDAQ:REXI) announces it has named David Wiener as Group Head of Capital Markets & Structured Finance. Mr. Wiener will be responsible for developing, implementing and managing all aspects of the syndications/capital markets processes, including, policies, procedures, and practices. Additionally, Mr. Wiener will be engaged in overall corporate pricing, corporate analytics, mergers and acquisitions, asset based lending for other lessors and intermediaries, and public sector transaction originations. read more
LEAF Financial Corporation Moves to New Corporate Headquarters. 2/19/2008
PHILADELPHIA, PA. – February 19, 2008 – LEAF Financial Corporation, LEAF Financial Corporation, a subsidiary of Resource America, Inc. (NASDAQ:REXI) announces its move to a new corporate headquarters at; One Commerce Square, 2005 Market Street, 15th Floor, Philadelphia, PA 19103. The move to the new facility is to support the tremendous growth that LEAF has experienced over the past two years. The new location will also be home to LEAF’s two subsidiary companies; Merit Capital Advance, LLC and Prompt Payment, LLC. read more
LEAF Financial Corporation Names Chief Technology Officer. 1/14/2008
PHILADELPHIA, PA. – January 14, 2008 – LEAF Financial Corporation, a subsidiary of Resource America, Inc. (NASDAQ:REXI) announces it has named Earle Compton as Chief Technology Officer. LEAF has created this position to increase our emphasis on the critical role that IT will play in helping us to achieve our business growth objectives.read more
Resource America’s LEAF Financial Acquires
The Business of
Dolphin Capital Corp. 11/26/2007
Philadelphia, PA- June 20, 2007, -Resource America, Inc. Resource America, Inc. (NASDAQ:REXI) announced today that its commercial finance subsidiary, LEAF Financial Corporation (“LEAF”), has significantly expanded its origination capability and small business assets under management by entering into a definitive agreement to acquire the business of Dolphin Capital Corp., an equipment finance subsidiary of Lehman Brothers Bank, FSB. The total purchase price of approximately $167 million includes a portfolio of small ticket leases to be acquired by LEAF and investment partnerships managed by LEAF. In addition, LEAF will retain the lease origination and management platform as well as the highly experienced small ticket leasing team including senior management, origination and operations personnel.
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Resource America’s LEAF Financial Corporation to
Acquire $430 million Leasing Portfolio from the FDIC 10/29/2007
Philadelphia, PA - October 29, 2007 - Resource America, Inc. (NASDAQ:REXI) announces today that its commercial finance subsidiary, LEAF Financial Corporation (“LEAF”), has been selected by the FDIC as the purchaser of the approximately $430 million leasing portfolio of NetBank Business Finance, the equipment leasing division of NetBank, based out of Columbia, South Carolina. NetBank is currently being operated in receivership by the FDIC. LEAF will acquire the portfolio on behalf of investment partnerships that it manages at a discount. Financing for this acquisition will be provided by Morgan Stanley Bank.read more
Resource America’s LEAF Financial Corporation Acquires the Leasing Division of Pacific Capital Bank, N.A. 6/20/2007
Philadelphia, PA- June 20, 2007, -Resource America, Inc. (NASDAQ:REXI) announces today that its commercial finance subsidiary, LEAF Financial Corporation ("LEAF"), has significantly expanded its third party lease origination capability and assets under management by entering into a definitive agreement to acquire the Leasing Division of Pacific Capital Bank, N.A. (fdba Santa Barbara Bank & Trust). The total purchase price of approximately $280 million includes a portfolio of small ticket leases to be acquired by LEAF's investment partnerships and by LEAF on behalf of those vehicles. In addition, LEAF will retain the lease origination and management platform as well as one of the industry's most experienced small ticket leasing teams including senior management, originations, and operations personnel and their relationships with a network of over 200 third party originators. After this acquisition, LEAF will manage over $1 billion of commercial leases and finance assets for its own account and the accounts of individual and institutional investors. The new LEAF Third Party Funding Group will continue to operate from Santa Barbara, CA and is expected to originate in excess of $100 million of additional lease assets for LEAF investment vehicles in fiscal 2008. read more
LEAF Financial Corporation Announces That it Has Secured a $250 Million Loan Facility 1/23/2007
PHILADELPHIA, PA – January 23, 2007–Resource America, Inc. (NASDAQ:REXI) announces today that LEAF Financial Corporation (“LEAF”), its commercial finance subsidiary, has entered into a loan facility for up to $250 million with Morgan Stanley Bank. LEAF will use the facility to support its efforts to expand and diversify its commercial finance business. The facility will allow LEAF to continue to offer a full array of commercial financing options including asset-based loans, business acquisition loans, and project finance products. read more
LEAF Financial Corporation Announces That it Has Secured a $150 Million Syndicated Loan Facility 9/22/2006
PHILADELPHIA, PA – September 22, 2006 – LEAF Financial Corporation, a wholly owned subsidiary of Resource America Inc. (NASDAQ:REXI) announces that it has closed a $150 million syndicated loan facility with a consortium of six banks. National City Bank is the agent and the participating banks include Wachovia Bank, Commerce Bank, Sovereign Bank, LaSalle Bank and HSH Nordbank. The financial commitment of these banks to LEAF shows that the transaction was well received in the market. LEAF will use the facility to continue to support its efforts to further expand and diversify its business capabilities. read more
LEAF Financial Corporation Announces Program Agreement with Fujifilm 8/1/2006
PHILADELPHIA, PA. – August 1, 2006 – LEAF Financial Corporation, a subsidiary of Resource America Inc. (NASDAQ:REXI) announces that it has entered into a preferred national vendor finance program agreement with Fuji Photo Film U.S.A., Inc. to provide equipment financing solutions for digital photo finishing lab systems. The agreement calls for LEAF to provide Fujifilm and it’s customers with a full line of financial products to facilitate the sale of their equipment to the photo finishing market. LEAF will work with all Fujifilm customers from large labs to independent retailers to specialty photo shops to support their equipment financing requirements. With LEAF’s support and integrated financing solutions, Fujifilm’s customers will have flexible and convenient ways to acquire photo-processing equipment or upgrade to newer technologies.read more
LEAF Financial Names New Director of Commercial and Industrial Funding. 6/27/2006
PHILADELPHIA, PA. – June 27, 2006 – LEAF Financial Corporation a wholly owned subsidiary of Resource America (NASDAQ:REXI) announces it has named Fred MacDonald as Director of Commercial and Industrial Funding. Fred has 30 years experience in the leasing industry. Prior to joining LEAF Fred was Senior Vice President of Credit/Operations for Unicyn Financial Companies and Unicyn Funding Group. Before Fred joined Unicyn he was Vice President of Operation for Fleet Credit Corporation where he managed the credit and documentation departments for their small ticket/third party lessor and broker transactions. In his position at LEAF, Fred will be originating strategic funding relationships with equipment lessors nationwide.read more
LEAF Financial Corporation Announces Launch of New Web site 6/15/2006
PHILADELPHIA, PA – June 15th, 2006 – LEAF Financial Corporation is pleased to announce the launch of its newly designed web site at www.LEAF-financial.com. In an effort to better accommodate customers and prospective clients; LEAF performed significant upgrades that have increased the site’s informational effectiveness, and at the same time made the site more visually pleasing. Along with the new look comes a variety of new sections and information that provides visitors with a comprehensive overview of LEAF Financial Corporation.read more
LEAF Financial Corporation has been selected as an Affinity Partner of the National Parking Association 5/12/2006
PHILADELPHIA, PA – May 12, 2006 – LEAF Financial Corporation, a wholly owned subsidiary of Resource America Inc. (NASDAQ:REXI) announces that it has been selected as an Affinity Partner of the National Parking Association. As an affinity partner LEAF will be providing flexible financing options to all members of the National Parking Association. These financing options will allow NPA members to offer convenient financing to their customers or expand and enhance their own facilities.read more
Resource America’s LEAF Financial Corporation Acquires the Business of Unicyn Financial Companies 4/4/2006
Philadelphia, PA – April 4, 2006 –Resource America, Inc.’s (NASDAQ:REXI) equipment leasing and finance subsidiary, LEAF Financial Corporation announces that it has expanded its lease and loan origination capability and assets under management with the acquisition of the business of Unicyn Financial Companies of Closter, NJ for an undisclosed amount. Unicyn provides equipment and practice acquisition financing as well as debt consolidation loans to the healthcare market. The acquisition includes both a portfolio of small ticket leases and loans bought on behalf of LEAF’s investment partners and numerous vendor finance relationships as well as a team of experienced origination personnel. After this acquisition, LEAF will manage approximately $475 million of finance assets for its own account, institutions and third party investors. As a result of this transaction LEAF is able to expand its coverage of the healthcare space by providing unique and competitive funding solutions in the medical, dental and veterinary segments of the market. read more
LEAF Financial Corporation Names New Vice President of Portfolio Management. 3/14/2006
PHILADELPHIA, PA. – March 14, 2006 – LEAF Financial Corporation a wholly owned subsidiary of Resource America (NASDAQ:REXI), announces it has named James Grant as Vice President of Portfolio Management. Prior to joining the LEAF team, Jim had a long and successful career in portfolio management for such companies as Financial Federal Credit Inc, CHN Capital Inc., American Express Equipment Finance and Credit Alliance/Leasing Service Corporation. In his position, Jim will lead LEAF’s customer service, collections, and legal administration efforts. read more
LEAF Financial Corporation Announces New Strategic Business Unit 3/6/2006
PHILADELPHIA, PA – March 6, 2006 – LEAF Financial Corporation, a wholly owned subsidiary of Resource America Inc. (NASDAQ:REXI) announces that a new business unit, LEAF Capital Management, will partner with Diversity Capital as originator to target the commercial leasing market with limited recourse term loan and revolving finance products. These asset based loans will enable a growing portfolio originator to manage their leases, loans, and other specialty finance assets similar to a securitization. The product offering will provide clients with a fixed or floating rate, service retained funding source. read more
LEAF Financial Corporation Has Moved Offices To A New Location 2/23/2005
Philadelphia, PA – February 23, 2005 – LEAF Financial Corporation announced today that it has recently moved its headquarters to 1818 Market Street, 9th Floor, Philadelphia, PA 19103. The transition to the new offices has allowed LEAF to better integrate all of its departments and to accommodate its recent increase in staff due to business growth. The move provides LEAF’s team members a 30,000 square foot state of the art work environment which allows for improved efficiency and is consistent with LEAF’s corporate goal to continually provide exceptional value to its customers.read more
LEAF Financial Corporation Initiates Municipal Leasing Division 1/13/2005
Philadelphia, PA – January 13, 2005 – LEAF Financial Corporation a wholly owned subsidiary of Resource America (NASDAQ:REXI) announces that it has initiated a public finance division. It will to provide tax exempt financing to U. S. state and local government entities, including the Education market through an agreement with Merrill Lynch – Global Markets, Public Finance. Tax-exempt financing products are offered in recognition of the current budgetary climate faced by municipal entities and the need for creative financing solutions. LEAF will provide this product to its existing vendor relationships and intends to grow this market segment.read more
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