TriState Capital Bank Named a Leading Equipment Finance Company by Monitor for 5th Consecutive Year
TriState Capital Bank has been recognized as one of the top-performing equipment finance companies in the US for the fifth consecutive year by Monitor. The bank's Equipment Finance division achieved a 59.1% year-over-year growth in total assets, reaching $551.2 million in 2023 from $346.5 million in 2022. This impressive growth, driven by $221.1 million in new business, propelled TriState Capital to No. 84 on the 2024 Monitor 100, up 10 spots from the previous year.
Tim Moriarity, executive vice president and manager of the equipment group, attributes the success to building strong relationships and personalized service. The division focuses on financing essential-use equipment for middle market companies, primarily in the transportation, manufacturing, and construction sectors. Since its inception in 2018, the division has grown its assets from $18.1 million to $551 million in 2023.
TriState Capital Bank è stato riconosciuto come una delle migliori aziende di finance per attrezzature negli Stati Uniti per il quinto anno consecutivo da Monitor. La divisione Equipment Finance della banca ha registrato una Crescita del 59,1% anno su anno degli attivi totali, raggiungendo 551,2 milioni di dollari nel 2023 rispetto ai 346,5 milioni del 2022. Questa impressionante crescita, sostenuta da 221,1 milioni di dollari in nuovi affari, ha spinto TriState Capital al No. 84 nella Monitor 100 del 2024, guadagnando 10 posizioni rispetto all'anno precedente.
Tim Moriarity, vicepresidente esecutivo e responsabile del gruppo attrezzature, attribuisce il successo alla costruzione di relazioni solide e a un servizio personalizzato. La divisione si concentra sul finanziamento di attrezzature di uso essenziale per le aziende di medie dimensioni, principalmente nei settori dei trasporti, della manifattura e delle costruzioni. Dalla sua creazione nel 2018, la divisione ha aumentato i suoi attivi da 18,1 milioni a 551 milioni nel 2023.
TriState Capital Bank ha sido reconocida como una de las empresas de financiamiento de equipos de mejor rendimiento en los EE. UU. durante cinco años consecutivos por Monitor. La división de Equipment Finance del banco logró un crecimiento del 59,1% interanual en activos totales, alcanzando 551,2 millones de dólares en 2023 a partir de 346,5 millones en 2022. Este impresionante crecimiento, impulsado por 221,1 millones de dólares en nuevos negocios, llevó a TriState Capital al No. 84 en el Monitor 100 2024, avanzando 10 lugares respecto al año anterior.
Tim Moriarity, vicepresidente ejecutivo y gerente del grupo de equipos, atribuye el éxito a la construcción de relaciones sólidas y un servicio personalizado. La división se enfoca en financiar equipos de uso esencial para empresas de mercado medio, principalmente en los sectores de transporte, manufactura y construcción. Desde su creación en 2018, la división ha aumentado sus activos de 18,1 millones a 551 millones en 2023.
트라이스트 캐피탈 은행은 미국에서 장비 금융 회사 중 최고의 성과를 내는 기업 중 하나로 모니터에서 다섯 번째 연속으로 선정되었습니다. 은행의 장비 금융 부서는 전년 대비 59.1%의 자산 성장률을 기록하며, 2023년까지 5억 5,120만 달러에 도달했습니다. 이는 2022년의 3억 4,650만 달러에서 증가한 수치입니다. 이 인상적인 성장은 2억 2,110만 달러의 신규 사업에 의해 촉진되었으며, 트라이스트 캐피탈은 2024 모니터 100에서 84위에 올라 지난해보다 10계단 상승했습니다.
팀 모리아리티 수석 부사장 겸 장비 그룹 매니저는 성공의 원인을 튼튼한 관계 구축과 맞춤 서비스를 제공한 것에 있다고 설명합니다. 이 부서는 주로 운송, 제조 및 건설 분야의 중견 기업을 위한 필수 장비에 대한 금융 지원에 초점을 맞추고 있습니다. 2018년 설립 이후, 이 부서는 자산을 1,810만 달러에서 2023년까지 5억 5,100만 달러로 증가시켰습니다.
La TriState Capital Bank a été reconnue comme l'une des entreprises de financement d'équipement les plus performantes aux États-Unis pour la cinquième année consécutive par Monitor. La division Equipment Finance de la banque a enregistré une croissance de 59,1 % d'une année sur l'autre des actifs totaux, atteignant 551,2 millions de dollars en 2023 contre 346,5 millions de dollars en 2022. Cette impressionnante croissance, soutenue par 221,1 millions de dollars de nouveaux contrats, a propulsé TriState Capital à la 84e place du Monitor 100 2024, soit 10 places de plus par rapport à l'année précédente.
Tim Moriarity, vice-président exécutif et responsable du groupe équipements, attribue ce succès à l'établissement de relations solides et à un service personnalisé. La division se concentre sur le financement d'équipements essentiels pour les entreprises de taille intermédiaire, principalement dans les secteurs du transport, de la fabrication et de la construction. Depuis sa création en 2018, la division a augmenté ses actifs de 18,1 millions à 551 millions en 2023.
Die TriState Capital Bank wurde zum fünften Mal in Folge von Monitor als eines der besten Unternehmen für Gerätefinanzierung in den USA ausgezeichnet. Die Abteilung Equipment Finance der Bank verzeichnete ein Wachstum von 59,1% im Jahresvergleich bei den Gesamtvermögen und erreichte 551,2 Millionen Dollar im Jahr 2023, verglichen mit 346,5 Millionen Dollar im Jahr 2022. Dieses beeindruckende Wachstum, das durch 221,1 Millionen Dollar an neuen Geschäften angetrieben wurde, katapultierte TriState Capital auf Platz 84 im Monitor 100 2024, was einen Anstieg um 10 Plätze im Vergleich zum Vorjahr bedeutet.
Tim Moriarity, Executive Vice President und Leiter der Equipment-Gruppe, führt den Erfolg auf den Aufbau starker Beziehungen und einen personalisierten Service zurück. Die Abteilung konzentriert sich auf die Finanzierung von unverzichtbaren Geräten für mittelständische Unternehmen, hauptsächlich in den Bereichen Transport, Fertigung und Bau. Seit ihrer Gründung im Jahr 2018 hat die Abteilung ihre Vermögenswerte von 18,1 Millionen auf 551 Millionen Dollar im Jahr 2023 erhöht.
- 59.1% year-over-year growth in total assets, reaching $551.2 million in 2023
- $221.1 million in new business added in 2023
- Ranked No. 84 on the 2024 Monitor 100, up 10 spots from previous year
- Fifth consecutive year recognized as a top-performing equipment finance company
- Expansion in Northeast and Midwest regions, with focus on Chicago area
- None.
In 2023, its sixth year, TriState Capital’s Equipment Finance division grew its assets to
Tim Moriarity, executive vice president and manager of the equipment group, credits the success to building strong relationships based on personalized service. The team added
“Our team continues to have the experience and flexibility to meet our customers’ needs with impactful equipment financing solutions,” said Moriarity, who built the specialized equipment finance business from the bank’s general commercial lending business in 2018. “Despite rising rates and tighter margins, we persist in helping clients maximize efficiencies by financing essential-use equipment under a variety of competitive leasing and loan structures.”
The Equipment Finance division’s continued growth includes the Northeast and Midwest, with a focus on the
Companies and deals are centered on the ongoing acquisition of essential-use equipment, primarily in the transportation, manufacturing and construction sectors. Since its inaugural year, the division has rapidly grown its assets from
“Our success of building our business is based on providing middle market companies with highly effective equipment financing solutions to meaningfully help them grow their businesses,” said TriState Capital Bank President and CEO Brian Fetterolf. “Every year since inception, we’ve seen year-over-year success — a testament to Tim’s expertise and leadership combined with the capability and dedication of our team since we established this strategy six years ago.”
The Monitor 100 is published by MonitorDaily, a leading publication in the equipment finance industry. The list is an annual report of the largest equipment finance and leasing companies in
ABOUT TRISTATE CAPITAL
TriState Capital Bank is headquartered in
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MEDIA CONTACT
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Source: TriState Capital Bank
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