January 2026

To Our Clients, Colleagues and Business Associates,

At First American Equipment Finance, we are proud to work with the nation’s most prestigious universities, renowned hospitals, innovative manufacturers, and leading service firms. Each client has an important mission, and we are honored to play a small role in their success.

In 2025, Monitor ranked First American #22 by new business volume among equipment finance businesses in the U.S., moving up three spots year-over-year. New business volume totaled $2.3 billion and our portfolio of leased assets grew to a record $4.9 billion. These accomplishments reflect the trust our clients place in us, and we remain focused on delivering exceptional service and expertise. 

Our success is driven by the dedication of 310 talented colleagues who share a genuine commitment to client service. With 157 Certified Lease & Finance Professionals (CLFPs), the largest number employed by any company globally, First American combines deep technical proficiency with industry specialization to deliver meaningful value. Our long-term vision is to become the best company to work for and the best company to work with. In 2025, our progress toward that vision was recognized with several awards:

• #3 - Fortune Best Workplaces in New York 
• #3 - Fortune Best Workplaces in Financial Services & Insurance
• #15 - Fortune Best Medium Sized Workplaces 
• #23 - Fortune Best Workplaces for Parents
• #2 - Best Large Companies to Work For in New York
• #1 - Top Midsize Workplaces in Rochester
• Selling Power 60 Best Companies to Sell For 
• Monitor Best Companies in Equipment Finance – Culture Category

Since the inception of our company 31 years ago, earning client loyalty has always been a top priority. By gathering feedback on every transaction, we continuously refine our approach to deliver an experience that evolves with our clients’ needs. This dedication to excellence earned First American a Net Promoter Score of 90.2 for 2025, a signal of outstanding client commitment.

Each year, businesses in the U.S. lease and finance over $1 trillion in capital investments, a powerful reminder of the opportunity ahead of us. As a subsidiary of City National Bank, a Royal Bank of Canada (RBC) company, we share a commitment to client success that spans some of the most respected institutions in financial services. With the strength of our team and access to world-class resources, our future has never been brighter.  

Sincerely,