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.
Sherryl Hughes, Vice President of Public Finance, said “LEAF is actively engaging new vendors whose customer base is aligned with this market space and the response has been outstanding. There seems to be a real need for additional funding capacity in this area. “
About LEAF Financial Corporation
LEAF Financial Corporation is a commercial leasing company headquartered in Philadelphia, PA. LEAF is a wholly owned subsidiary of Resource America Inc. (NASDAQ:REXI). LEAF's business model is to originate small ticket equipment leases by reaching the small to mid sized business market by forming strategic marketing alliances and other program relationships with equipment vendors, commercial banks and other financial institutions.return to the news
Contact: Michelle Speranza, Marketing Manager, 267-402-4529
