WHITTIER, Calif., May 23, 2022 (GLOBE NEWSWIRE) — Friendly Hills Bank today announced the successful launch of a specialty lending group dedicated to providing financing solutions for trucks and commercial vehicles. The newly formed Truck Lending Group provides fast and flexible capital for the purchase and/or refinancing of medium (petrol/diesel/alternative fuel) and heavy (diesel/alternative fuel) on-road vehicles through direct financing, including grants from the California Air Resources Board (CARB) and additional support through the California Capital Access Program (CalCAP).
With Friendly Hills Bank’s footprint in Southern California, Truck Lending Group will provide much-needed banking services to California-based salespeople, dealerships, independent owner-operators and owners of small fleets of less than ten units. The group is currently accepting credit applications up to $250,000.
A group of seasoned bankers led by Marc Merino, Executive Vice President, Head of Specialty Lending, has joined the firm to lead this new effort. The team brings nearly 50 years of combined experience and worked together in a similar capacity at a local commercial bank.
“The introduction of our new Truck Lending Group represents an important step in Friendly Hills Bank’s strategic plans to better serve California’s underserved market and have a lasting impact on the community,” said Nathan Rogge, President and CEO. management of Friendly Hills Bank. “Our new line of business is just one of our many areas of expertise and we look forward to better serving the banking needs of small and medium-sized businesses in Southern California.”
Friendly Hills Bank has a proven track record of providing flexible financing solutions coupled with superior customer support. To learn more, visit friendlyhillsbank.com.
ABOUT FRIENDLY HILLS BANK
Friendly Hills Bank, a wholly owned subsidiary of Friendly Hills Bancorp (OTC Pink: FHLB), is a growing community bank serving individuals, professionals, and small and medium businesses in Southern California. With a history that spans 16 years, the bank offers a personalized approach, access to decision makers, a wide range of solutions and a commitment to delivering an exceptional customer experience. Friendly Hills Bank operates locations in Los Angeles County, Orange County, San Diego County and the Inland Empire. For more information, visit friendlyhillsbank.com or call 562.947.1920.