PacTrust Bank Awards Lease Portfolio Service Contract to Orion First Financial
Orion First Financial, LLC confirmed today that it has contracted with PacTrust Bank to begin servicing equipment lease and loan contracts. Servicing of the PacTrust accounts became effective August 1, 2012.
PacTrust Bank’s (formerly Pacific Trust Bank) expansion into the small ticket equipment finance space meant that teaming with an expert servicer of these accounts was on the horizon—enter Orion First Financial. PacTrust expects its small ticket portfolio volume to grow to eight digits by years end.
“PacTrust Bank is excited to partner with Orion First Financial for servicing of our growing equipment leasing business. We are confident that the strong knowledge, skills and abilities of Orion’s staff are a great fit to partner with PacTrust in delivering Service, Choice, Value and Trust to our customers,” said David Normandin, Senior Vice President of PacTrust Bank.
Orion First Financial, located in Gig Harbor, WA, is an independent servicer for the equipment finance industry. “We are proud of our role in supporting small business lending and our reputation for service quality. We are very pleased to see that reputation growing among banks,” said Shannon Green, President of Orion First Financial.
Orion First Financial is a highly regarded independent servicer for the equipment finance industry. Orion differentiates itself from other lease servicing companies through its experience and expertise in small business credit, using proven management processes to minimize portfolio delinquencies and reduce losses for maximum profitability.
About Orion First Financial, LLC
Orion First Financial is an industry recognized leader in the small ticket equipment finance business and specializes in providing underwriting, loan and lease servicing, special assets services and strategic advisory to the equipment finance industry. Orion serves Leasing Companies, Equipment Vendors/Manufacturers, Banks and Financial Institutions. Orion’s skilled team, efficient technology and best practices generate exceptional performance improvements that translate into better profits, less stress and enriched customer relationships. More information about Orion First Financial can be found at www.orionfirst.com.