LeaseTeam’s ASPIRE selected by Customers Bank’s newly-launched commercial finance business

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Customers Bank, a community, full-service US business bank, has selected LeaseTeam’s ASPIRE as the end-to-end lease and loan management solution for its commercial finance business.

The new business unit aims to offer equipment finance and leasing products and services for a broad range of asset classes, as well as service vendors, dealers, independent finance companies, bank-owned leasing companies and strategic direct customers.

ASPIRE will enable Customers Bank to facilitate transactions with ease, simplify its credit adjudication processes and everything in between, all from a single system.

Samuel H. Smith III, managing director of the Customers Bank Commercial Finance division explained: “ASPIRE will provide everything in an end-to-end operating system solution that our commercial finance and leasing business was looking for.

“LeaseTeam understands our unique challenges and is providing customized solutions that will enable us to process our transactions more efficiently while providing the flexibility for our future growth and expansion into new business channels and markets. We are very pleased with the progress we have made as a result of the expert guidance that Randy Haug and his team have provided.”

“We’re delighted to add Samuel H. Smith III and his trusted and experienced team to our growing family of bank equipment finance companies nationwide,” said Randy Haug, co-founder and executive vice president at LeaseTeam (pictured above). “The synergies between our group at LeaseTeam and Sam’s team were immediate. We are currently putting our combined years of experience, trust and integrity to work in the deployment of ASPIRE, which is being configured specifically for the success of Customers Bank Commercial Finance and its clients.”

Customers Bank Commercial Finance (CBCF) is located in Portsmouth, NH and is a division of Customers Bancorp, Inc. It provides an array of lease and financing products through vendor, direct and capital markets origination channels focused on the Industrial, Transportation, Construction, Franchise, Packaging, Plastics, Marine, and Helicopter/Fixed Wing markets.

Customers Bancorp, Inc. is a bank holding company in Wyomissing, Pa., engaged in banking and related businesses through its subsidiary, Customers Bank.