ST. LOUIS--(BUSINESS WIRE)--Scottrade Bank Equipment Finance today announced it was named number 83 in sales volume and number 65 in new business volume on the 2015 Monitor 100 ranking, published by the trade publication The Monitor. The ranking lists the 100 largest equipment finance and leasing companies in the United States by annual volume and asset size.
Scottrade Bank Equipment Finance specializes in the financing of equipment for U.S. businesses nationwide. The bank division originates, structures and syndicates commercial leases, loans and finance agreements for U.S. companies. The division completed its first full year in business in 2014 and continues to grow in size and stature due to the growth in the economy and as capital expenditure spending continues to improve within the U.S.
“In less than two years, Scottrade Bank Equipment Finance has become one of the largest bank equipment finance divisions in the country,” said Fred Van Etten, president of Scottrade Bank Equipment Finance. “Making it to this year’s Monitor 100 is a testament to our strategic plan we developed two years ago and to our highly skilled and experienced team. We have made great strides since we opened in 2013, and we look forward to continued growth within our markets and within Scottrade Bank.”
Scottrade Bank Equipment Finance was also named by The Monitor as one of 2014’s “Top 25 Most Active Players in the Vendor Channel,” with $96.9 million of vendor/dealer related new business volume. Overall in 2014, the division had nearly $291 million in new business volume.
The Monitor 100 ranking is determined by its net investment in equipment-related loans and leases (net assets). To be considered for the Monitor 100 list, equipment lease finance companies provide year-end data about their investment and new business volume, focusing solely on equipment-related loans and leases.
Scottrade Bank began operations in July 2008 and in 2011 began offering retail banking products and services to Scottrade clients. In 2013, Scottrade Bank Equipment Finance was launched to originate and syndicate commercial equipment leases for U.S. companies. Today, Scottrade Bank is focused on offering retail banking services to Scottrade’s brokerage clients, equipment finance lending, commercial lending and mortgage lending.
For more information about Scottrade Bank Equipment Finance, visit www.sbef.com.
About Scottrade Financial Services, Inc.
Scottrade Financial Services, Inc., is the privately-held holding company for Scottrade, Inc., a leading online investing services company and Scottrade Bank, a provider of online retail banking products and services, commercial lending and commercial equipment financing. Scottrade, Inc. was founded in 1980 to provide investors and traders with a better way to invest and make their own trading decisions. Today, it has the largest branch network among online investing firms and provides education to help millions of investors invest for themselves. Scottrade Bank was formed in 2008 to provide banking products and services to Scottrade clients. Scottrade Financial Services, Inc. is based in St. Louis, Mo. To learn more, visit about.scottrade.com or www.scottrade.com. Brokerage products and services offered by Scottrade, Inc. Member FINRA and SIPC. Deposit products and services offered by Scottrade Bank, Member FDIC.
Scottrade®, Scottrade Bank® and the Scottrade® logo are the registered trademarks of Scottrade, Inc.
