TriState Capital Bank Named Top 50 Bank as a Leading Equipment Finance Company
TriState Capital Bank's Equipment Finance division has achieved significant recognition by securing a spot at No. 46 in the Monitor Daily's 'Monitor Bank 50' listing for 2024. This milestone follows their impressive 59.1% year-over-year growth in equipment finance total assets, reaching $551.2 million in 2023, up from $346.5 million in 2022.
The division added $221.1 million in new business in 2023, marking their fifth consecutive year on the Monitor 100. Under the leadership of Tim Moriarity, Executive Vice President, the division has expanded significantly since its 2018 establishment, growing from $18.1 million to $551 million in assets.
Operating primarily in the Northeast and Midwest regions, with focus areas including Pittsburgh, Philadelphia, New York City, Cleveland, and North Jersey, the division specializes in financing essential-use equipment for transportation, manufacturing, and construction sectors. Despite challenging market conditions with rising interest rates and tighter margins, the team maintains its commitment to providing competitive leasing and loan options.
La divisione Finanza Attrezzature di TriState Capital Bank ha ottenuto un significativo riconoscimento piazzandosi al n. 46 nella lista 'Monitor Bank 50' di Monitor Daily per il 2024. Questo traguardo segue una Crescita impressionante del 59,1% anno su anno negli attivi totali della finanza attrezzature, che hanno raggiunto 551,2 milioni di dollari nel 2023, rispetto ai 346,5 milioni di dollari nel 2022.
La divisione ha aggiunto 221,1 milioni di dollari in nuove attività nel 2023, segnando il suo quinto anno consecutivo nella Monitor 100. Sotto la guida di Tim Moriarity, Vice Presidente Esecutivo, la divisione si è espansa in modo significativo dalla sua nascita nel 2018, passando da 18,1 milioni a 551 milioni di dollari in attivi.
A funzionare principalmente nelle regioni del Nord-Est e del Midwest, con aree di focus che includono Pittsburgh, Filadelfia, New York City, Cleveland e North Jersey, la divisione si specializza nel finanziamento di attrezzature utilizzate nei settori dei trasporti, manifatturiero e costruzione. Nonostante le difficoltà del mercato dovute all'aumento dei tassi di interesse e a margini più ristretti, il team mantiene il proprio impegno a fornire opzioni di leasing e prestiti competitivi.
La división de Finanzas de Equipos de TriState Capital Bank ha logrado un reconocimiento significativo al ocupar el puesto 46 en la lista 'Monitor Bank 50' de Monitor Daily para 2024. Este hito sigue a un crecimiento impresionante del 59,1% año tras año en los activos totales de financiamiento de equipos, alcanzando 551,2 millones de dólares en 2023, frente a los 346,5 millones de dólares en 2022.
La división añadió 221,1 millones de dólares en nuevos negocios en 2023, marcando su quinto año consecutivo en el Monitor 100. Bajo el liderazgo de Tim Moriarity, Vicepresidente Ejecutivo, la división se ha expandido significativamente desde su establecimiento en 2018, creciendo de 18,1 millones a 551 millones de dólares en activos.
Operando principalmente en las regiones del Noreste y el Medio Oeste, con áreas de enfoque que incluyen Pittsburgh, Filadelfia, Nueva York, Cleveland y North Jersey, la división se especializa en financiar equipos de uso esencial para los sectores de transporte, manufactura y construcción. A pesar de las difíciles condiciones del mercado, con tasas de interés en aumento y márgenes más ajustados, el equipo mantiene su compromiso de proporcionar opciones de leasing y préstamos competitivos.
TriState Capital Bank의 장비 금융 부서는 2024년 Monitor Daily의 'Monitor Bank 50' 목록에서 46위에 오르는 중요한 성과를 거두었습니다. 이는 전년 대비 59.1%의 놀라운 성장을 기록하며, 2022년 3억 4650만 달러에서 2023년 5억 5120만 달러로 증가한 장비 금융 총 자산에 따른 것입니다.
이 부서는 2023년에 2억 2110만 달러의 신규 사업을 추가하여 Monitor 100에서 다섯 번째 연속 연도를 기록했습니다. Tim Moriarity 이사 부사장의 지도 아래 이 부서는 2018년 설립 이후 자산이 1810만 달러에서 5억 5100만 달러로 크게 확장되었습니다.
주로 북동부 및 중서부 지역에서 운영되며, 피츠버그, 필라델피아, 뉴욕시, 클리블랜드 및 노스 저지를 포함한 주요 지역에 집중하여, 이 부서는 운송, 제조 및 건설 분야의 필수 장비에 대한 금융을 전문으로 합니다. 금리 상승과 수익률 축소라는 어려운 시장 상황에도 불구하고, 팀은 경쟁력 있는 임대 및 대출 옵션 제공에 대한 의지를 유지합니다.
La division Financement d'Équipements de TriState Capital Bank a obtenu une reconnaissance significative en se classant au 46e rang de la liste 'Monitor Bank 50' de Monitor Daily pour 2024. Cet objectif a été atteint après une croissance impressionnante de 59,1 % d'une année sur l'autre des actifs totaux en financement d'équipements, atteignant 551,2 millions de dollars en 2023, contre 346,5 millions de dollars en 2022.
La division a ajouté 221,1 millions de dollars de nouvelles affaires en 2023, marquant sa cinquième année consécutive dans le Monitor 100. Sous la direction de Tim Moriarity, Vice-Président Exécutif, la division a connu une expansion significative depuis sa création en 2018, passant de 18,1 millions à 551 millions de dollars d'actifs.
Opérant principalement dans les régions du Nord-Est et du Midwest, avec des zones d'intérêt incluant Pittsburgh, Philadelphie, New York, Cleveland et North Jersey, la division se spécialise dans le financement d'équipements essentiels pour les secteurs du transport, de la fabrication et de la construction. Malgré des conditions de marché difficiles avec des taux d'intérêt en hausse et des marges plus serrées, l'équipe maintient son engagement à fournir des options de leasing et de prêt compétitives.
Die Abteilung für Gerätefinanzierung der TriState Capital Bank hat durch die Erreichung des 46. Platzes in der 'Monitor Bank 50'-Liste von Monitor Daily für 2024 bedeutende Anerkennung erlangt. Dieser Meilenstein folgt auf ein beeindruckendes Wachstum von 59,1 % im Jahresvergleich bei den Gesam assets der Gerätefinanzierung, die 2023 551,2 Millionen US-Dollar erreichten, im Vergleich zu 346,5 Millionen US-Dollar im Jahr 2022.
Die Abteilung hat 2023 221,1 Millionen US-Dollar an neuen Geschäften hinzugefügt und damit ihr fünftes aufeinanderfolgendes Jahr in den Monitor 100 markiert. Unter der Leitung von Tim Moriarity, Executive Vice President, hat sich die Abteilung seit ihrer Gründung im Jahr 2018 erheblich erweitert und die Vermögenswerte sind von 18,1 Millionen auf 551 Millionen US-Dollar gewachsen.
Die Abteilung operiert hauptsächlich in den Regionen Nordosten und Mittlerer Westen mit Schwerpunkt auf Pittsburgh, Philadelphia, New York City, Cleveland und North Jersey und ist auf die Finanzierung von zentralen Ausrüstungen in den Bereichen Transport, Fertigung und Bau spezialisiert. Trotz schwieriger Marktbedingungen mit steigenden Zinssätzen und engeren Margen bleibt das Team engagiert, wettbewerbsfähige Leasing- und Darlehensoptionen anzubieten.
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The division’s
The recognition follows TriState Capital’s fifth consecutive year on the Monitor 100 as one of the top-performing equipment finance companies in
In 2023, its sixth year, the 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 remains highly experienced and adaptable, delivering effective equipment financing solutions tailored to our customers’ needs,” said Moriarity, who established the specialized Equipment Finance division in 2018, evolving it from the bank’s general commercial lending operations. “Even in the face of rising interest rates and tighter margins, we continue to support our clients by financing essential-use equipment through a range of competitive leasing and loan options, helping clients optimize efficiencies.”
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 business growth is driven by our commitment to delivering highly effective equipment financing solutions that empower middle-market companies to expand,” said TriState Capital Bank President and CEO Brian Fetterolf. “Since launching this strategy nearly seven years ago, we’ve achieved consistent year-over-year success — a reflection of TriState Capital’s ability to excel at building and supporting specialized value-add financial services; Tim’s leadership and expertise; and the team’s relationships, dedication and execution.”
The Monitor Bank 50 is published by “MonitorDaily,” a leading publication in the equipment finance industry.
More information and the full list are available at MonitorDaily.com.
ABOUT TRISTATE CAPITAL
TriState Capital Bank is headquartered in
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MEDIA
Jeff Shurilla
Hornercom
215-764-2376
jeff@hornercom.com
Source: TriState Capital Bank
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