Rochester, New York [November 14, 2012]– Alan Sikora, President, First American Equipment Finance, has been elected to serve a two-year term on the Equipment Leasing and Finance Association’s (ELFA’s) Financial Institutions Business Council Steering Committee.
The Financial Institutions Business Council Steering Committee is one of five primary constituent bodies s at ELFA. The committees are an integral part of ELFA's operations, providing critical input on the direction of the association and serving as a bridge between the membership and the Board of Directors and staff. The committee members are elected by the Business Council membership for a term of two years on a staggered basis.
The Financial Institutions Business Council Steering Committee represents bank-related organizations and other financial institutions (commercial banks, investment banks, and multi-line finance companies) involved in single transactions over $5 million. The committee analyzes the needs of companies in this segment and recommends to the Board how to meet those needs.
About First American Equipment Finance
First American Equipment Finance is headquartered in Fairport, New York and is a subsidiary of City National Bank (NYSE: CYN). First American provides leasing and financing services to organizations in all 50 states. The company is ranked among the 100 largest leasing companies in the U.S. and was the 2012 winner of the Best Companies to Work for in New York State award. The Company has a longstanding reputation for professionalism and outstanding customer service among large, sophisticated corporate borrowers.
The Equipment Leasing and Finance Association (ELFA) is the trade association that represents companies in the $628 billion equipment finance sector, which includes financial services companies and manufacturers engaged in financing capital goods. ELFA members are the driving force behind the growth in the commercial equipment finance market and contribute to capital formation in the U.S. and abroad. Its 580 members include independent and captive leasing and finance companies, banks, financial services corporations, broker/packagers and investment banks, as well as manufacturers and service providers. For more information, please visit www.elfaonline.org. Follow ELFA on Twitter @ELFAonline.