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.
Nick Capparelli, Chief Marketing Officer stated, “We are fortunate to have a professional like Fred join our team and we expect him to contribute immediately. His years of experience and industry knowledge will enhance our sales efforts considerably and will solidify LEAF’s position as a leader in the commercial and industrial niche”.
LEAF Financial Corporation is a commercial leasing company headquartered in Philadelphia, PA. LEAF’s business model is to originate 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. After origination, LEAF manages the leases for its own account, institutions, and individual investors through investment partnerships and other investment vehicles.return to the news
Contact: Michelle Speranza, Marketing Manager, 267-402-4529
