LEAF Financial Corporation announces today that it will be consolidating two of its processing centers 8/18/2008
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.
“Although combining operations is the right thing to do from an efficiency standpoint to better serve this market segment, it is personally very difficult to close our Santa Barbara office. The very talented employees, while only a small percent of our overall staff, have been a big part of LEAF’s growth and success over the past year,” said Crit DeMent, Chairman and CEO of LEAF Financial Corporation. “The opening of our new facility and expansion of our operations in Columbia demonstrates our commitment to the indirect market. While several financial institutions have abandoned this segment in the past several months, LEAF continues to be committed to supporting our valued partners.”
The consolidation will not affect any of the existing program or transactional commitments currently supported through the Santa Barbara office, and LEAF’s third party originators will be contacted individually to insure a seamless transition. Santa Barbara will continue to accept new applications and process business through the transition period which is targeted for completion by early September.return to the news
Contact: Michelle Speranza, Marketing Manager, 267-402-4529
