FNCB Bancorp, the parent company of FNCB Bank, recently announced the launch of a new equipment financing solution.
The solution, 1st Equipment Finance, is based in the FNCB Bank Exeter location. It offers equipment financing solutions such as leasing alternatives to business customers, manufacturers, municipalities, and vendors.
1st Equipment Finance will offer a vendor/manufacturer program.
Gary P. Cook, FNCB executive vice president and equipment sales officer, will lead 1st Equipment Finance. Cook has 40 years of experience in the industry.
“Our seasoned sales and management team has over 150 years combined experience in equipment financing with vendors, commercial customers, and municipalities across the United States,” Cook said. “We look forward to leveraging this experience to expand the Bank’s portfolio locally and across the country.”
1st Equipment Finance will help the company grow its market share and is part of FNCB’s strategy to serve the business community’s needs.
“Our strong commercial banking legacy uniquely positions FNCB Bank to not only compete but thrive in the equipment financing sector,” Gerard Champi, FNCB Bank president and CEO, said. “This will not only allow the Bank to grow but will also provide our commercial clients expanded options they need to grow in a competitive business environment.”