U.S. Bank (NYSE:USB) today announced that Anthony Cracchiolo has been
named president and CEO of U.S. Bank Equipment Finance, one of the
largest bank-affiliated equipment finance companies in the United States.
As president and CEO of the division, Cracchiolo will lead and oversee
all operations of U.S. Bank Equipment Finance, which is composed of nine
business units delivering products and services through both direct and
vendor channels. The direct businesses now under his leadership include:
capital equipment, small business, technology finance, government
leasing and finance. The vendor channel businesses now reporting to
Cracchiolo include office equipment vendor services; healthcare vendor
services; manufacturing vendor services; and technology vendor services
as well as the division’s syndications group.
Cracchiolo will report to Sal Maglietta, executive vice president, U.S.
Bank Specialized Finance.
"We are well positioned and look forward to accelerating growth and
realizing the full potential of the market opportunities under Tony’s
leadership,” Maglietta said.
Cracchiolo joined U.S. Bank Equipment Finance in 2007 and has been
leading the organization’s businesses in the vendor channel since 2011.
Cracchiolo is a leader within the industry with over 35 years dedicated
to the equipment finance sector. He has served on the board of directors
of the Equipment Leasing and Finance Association since 2010 and the
development committee of New York City’s YMCA since 2012.
About U.S. Bank Equipment Finance
U.S. Bank Equipment Finance, one of the largest equipment finance
providers in the nation has been providing quality equipment finance
solutions for more than 40 years.
About U.S. Bank
U.S. Bancorp (NYSE: USB), with $371
billion in assets as of March 31, 2014, is the parent company of U.S.
Bank National Association, the 5th largest commercial bank in the United
States. The Company operates 3,083 banking offices in 25 states and
4,878 ATMs and provides a comprehensive line of banking, brokerage,
insurance, investment, mortgage, trust and payment services products to
consumers, businesses and institutions. Visit U.S. Bancorp on the web at
Source: U.S. Bank
U.S. Bank Public Relations
Nicole Garrison-Sprenger, 612-303-0731
Bank Specialized Finance
Elizabeth Parra, 415-464-8521