Short Hills-based Investors Bank announced Tuesday it is launching an Equipment Finance Group to enhance its commercial and industrial lending capabilities with middle market companies.
A new team, led by Kenneth L. Walters, group leader, has also joined Investors, it said.
Walters and the Equipment Finance Group will report to Mark Noto, senior vice president and head of commercial and industrial lending. The team of seven will be based in Iselin.
“We welcome this exceptional capital equipment finance team to our C&I lending group. After reviewing its equipment financing operations, our executive team decided that Mr. Walters’ group is the perfect fit for us. They know the market, are based in New Jersey, serve clients nationwide, possess solid portfolio management skills and complement our way of doing business,” said Kevin Cummings, CEO and president of Investors.