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Equipment Finance News First American Equipment Finance posts $605m new business Published: 30th March 2017 Share First American Equipment Finance, a wholly-owned subsidiary of Los Angeles-based City National Bank, has reported a 46% hike in new business volume in fiscal 2016, hitting a total of $605 million. The results mark the company’s fourth straight year of growth of more than 25%. First American added 30 new positions last year, increasing in size from 160 employees to 190 and expects to add a further 25 new employees this year. First American supports large businesses and non-profit organizations across the US with their equipment leasing and finance needs, and is one of the largest equipment finance companies nationwide. The company’s clients are offered a 100% paperless experience, an online lease tracking portal and an equipment trade-in program, backed up by access to on-demand video conferencing with First American specialists focused exclusively on their industry. Alan Sikora, CEO said: “Our success is thanks to the hard work and dedication of our growing team. Our colleagues have passion to accomplish great things in business and in life.” Pat Sweet Correspondent - Asset Finance Connect Sign up to our newsletter Featured Stories NewsEvolving roles of banks and independents in US Corporate Member NewsAssociated Asphalt secures funding from Paragon Bank NewsDutch leasing market sees robust growth in H1 2024 Equipment Finance