M&T Bank Expands its CEF Division
Company: Stonebriar Commercial Finance
2nd largest independent
$2.25B over 5 securitizations
$1.1B Funded Volume FY 2018
The Commercial Equipment Finance (CEF) Division at M&T Bank concentrates on the commercial banking business concentrating primarily on the middle market and large corporate commercial clients and prospects (revenues $20MM and above) with a focus to use our product set to establish Bank relationships. Our goal is to provide clients with the resources, information and counsel they require to make the best financing choices.
CEF manages approximately $2 billion in assets. Earlier in 2019, M&T bank announced plans to grow its Commercial Equipment Finance Division across its footprint and nationally. The Division is targeting growth over the next five years to $5 billion of managed assets. As part of the expansion, CEF will follow the Bank’s strategic expansion activities that include Boston, Pittsburgh and Florida. Additionally, M&T Bank has a strong tax appetite that promotes originating tax lease business. In addition to supporting the Bank through avenues of direct origination, the growth initiative includes a buy desk to promote expansion and diversification of portfolio.
CEF provides a full range of finance products for many types of equipment including but not limited to; aircraft, construction, food processing, manufacturing, medical, printing, rail, renewable energy (sale leaseback & tax partnership flips) and truck-trailer- vehicle.
M&T offers structuring flexibility in its terms, extensions, early termination options, and custom payment schedules. CEF offers many types of financing: Term Loans, Conditional Sale Contracts, Fair Market Value Leases, TRAC Leases, Split TRAC Leases, Tax-Exempt Lease Purchase.
Our team consists of 60+ highly skilled and experienced people that include; direct origination, documentation, tax and accounting, and equipment management groups. We are proud to have committed employees who are dedicated to servicing clients with an average tenure of 15 years.
If you are interested in learning more, please contact:
John Wolfe, Director of Business Development
Commercial Equipment Finance, M&T Bank