New name for Cole Taylor Equipment Finance

MB Financial Bank, which is headquartered in Chicago, has announced that its Cole Taylor Equipment Finance subsidiary has been re-branded as MB Equipment Finance.

Along with MB Lease Banking, Celtic Commercial Finance and LaSalle Solutions, MB offers comprehensive services for the equipment finance and leasing industry. Services include equipment leases and loans, lessor financing, lease banking, payment processing services and life-cycle asset management.

David Drury, president, MB Equipment Finance, said: “While the MB Equipment Finance name is new, our middle market business clients and institutional capital markets partners will find the same dedicated, experienced team providing responsive and resourceful equipment financing solutions. We’re excited to now be bringing those solutions to the market under the MB name.”

Also commenting on the name change, Mark Hoppe, president and chief executive officer of MB Financial Bank, said: “For more than 40 years, MB Financial Bank has been providing equipment financing and leasing services. We know how important these products are to our clients and we’re committed to bringing them reliable, timely and surprise-free solutions that can help their businesses succeed.”