The Bank Slate


Synovus, Verdant form equipment leasing business

Synovus Financial in Columbus, Ga., and Verdant Commercial Capital in Cincinnati have formed an equipment finance business. 

Synovus Equipment Leasing will offer leasing and equipment finance agreements for the $56 billion-asset bank’s customers ranging from $25,000 to $50 million. The financing is supported by a line of credit from Synovus Specialty Finance. 

“We are excited to partner with the bank’s commercial equipment leasing team to deliver a value-added solution for their clients,” Brian Lowe, Verdant’s chief commercial officer, said in a press release. 

“This product fills a need for Synovus’ relationship managers to offer fast, flexible, competitive equipment financing to their commercial clients, and we are looking forward to getting this … solution in market,” Lowe added.

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