MESQUITE, TX – VAR Technology Finance, a division of LEAF Commercial Capital, Inc., a subsidiary of People’s United Bank, N.A., today announced that Jonathan Fales will join its team as Vice President of Business Development.
A finance industry veteran who previously served as Director at The Alta Group and Vice President at Key Equipment Finance, Mr. Fales will play a critical role in driving VAR’s continued rapid growth in the technology financing sector.
“It’s a great privilege to welcome Jon to the VAR Technology Finance team,” said Gary Sutton, President, VAR Technology Finance. “With decades of industry leadership experience, Jon will be instrumental in shaping VAR’s strategy, extending our lead in existing technology markets, and capturing new market opportunities industry-wide.”
As VAR’s Vice President of Business Development, Mr. Fales will apply his deep understanding of the industry to strategic planning and leading the company into the next phase of its growth.
“Jon is an internationally recognized leader in the equipment leasing and financial services industry,” said LEAF Chairman and CEO Crit DeMent. “His experience, financing acumen, and demonstrated facility for driving growth will be valuable assets as VAR continues to expand its presence as one of the nation’s leading technology finance providers.”
About VAR Technology Finance
VAR Technology Finance provides financing, leasing and outsourced captive capabilities within the technology channel, supporting leading technology manufacturers, distributors and resellers. For 30 years VAR Technology Finance has focused on providing financing solutions for technology, software and services, with an emphasis on partnerships within the technology channel to assist in increasing sales, expanding penetration, and improving service.
About LEAF Commercial Capital, Inc.
LEAF Commercial Capital, Inc. (“LEAF”), is headquartered in Philadelphia, PA, with offices in Moberly, MO, Orange, CA, Baltimore, MD, and Dallas, TX. From the office to the factory floor to the server room, wherever customers need equipment, software and services, we make it affordable. Trusted by nearly 250,000 companies of all sizes across the U.S., LEAF Commercial Capital, Inc., backed by the strength of People’s United Bank, offers customized financing that helps our customers solve real problems. When businesses need financing or need to offer financing, they achieve more with LEAF. Learn more at www.LEAFnow.com.
About People’s United Bank
People’s United Bank, N.A. is a subsidiary of People’s United Financial, Inc., a diversified, community-focused financial services company headquartered in the Northeast with more than $48 billion in assets. Founded in 1842, People’s United Bank offers commercial and retail banking through a network of over 400 retail locations in Connecticut, New York, Massachusetts, Vermont, New Hampshire and Maine, as well as wealth management and insurance solutions. The company also provides specialized commercial services to customers nationwide.