CIBC adds equipment financing to its business banking services

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CHICAGO, January 5, 2022 /PRNewswire/ – CIBC today announced its new equipment finance team within its U.S. Commercial Banking group, its 16and specialized banking sector.

“At CIBC, we know how important machinery and equipment is to successfully delivering products and services to our clients,” says Bruce Haye, President, US Commercial Banking. “We are happy to offer customer-centric solutions applicable to all business profiles to help our customers achieve their ambitions.”

The experienced equipment finance team is led by an industry veteran, Matthew Green. Green, who recently joined the bank as Managing Director and Group Head, brings 20 years of banking experience to CIBC. Previously, he led the equipment finance business at JP Morgan, where he also co-founded the middle market loan syndication group. His team will be supported by austin danielswho will lead Equipment Finance Capital Markets, and Jaime Clesceriwho will assume the functions of responsible for documentation and operations.

The Commercial Banking team’s new specialist group offers clients solutions to meet the requirements of capital expenditure acquisitions and sale-leasebacks, with an advisory-focused approach designed to help clients weigh the pros and cons of a financing structure and its impact on their financial profile. They provide equipment solutions for the following product sets:

  • Secured loans
  • Finance leases
  • $1 buyout leases
  • Leases at fair market value
  • Leases with terminal rent adjustment clause (TRAC)
  • Split-TRAC Leases
  • Synthetic leases

“We build long-lasting business partnerships, focused on our clients’ successes, by taking the time to understand them, their business and their goals,” says Hague.

About CIBC
CIBC is a leading North American financial institution with 11 million personal, commercial, public sector and institutional banking customers. CIBC offers a full range of advice, solutions and services in United Stateson the other side Canada and around the world. In the United States, CIBC United States provides business banking, personal and personal banking, and small business banking solutions, and CIBC Private Wealth Management provides investment management, wealth strategies, and wealth planning services. Visit us at cibc.com/US.

All loans subject to credit approval. The CIBC logo is a registered trademark of CIBC, used under licence. FDIC Member and Equal Housing Lender.

SOURCECIBC

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