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Bill Verhelle, Past Chairman of the ELFF on the Transformation of the Equipment Finance Industry

October 16, 2017, 07:00 AM

VIDEO INTERVIEW: Bill Verhelle, Immediate Past Chairman of the Equipment Leasing and Finance Foundation (ELFF) describes how young thought leaders and emerging technologies are impacting the equipment finance industry in the U.S.

In this latest installment of Equipment Finance Advisor's Thought Leadership Video Series, Bill Verhelle, Immediate Past Chairman of the Equipment Leasing and Finance Foundation discusses the transformation the equipment finance industry is undergoing – transitioning from an environment where size and scale were once defining factors for success, to an environment where the effective utilization of technology coupled with encouraging thought leadership from younger employees can create competitive advantages for any size firm – including smaller firms.

Verhelle also explains how young people entering this industry will be the drivers of innovation, and how it can be a competitive disadvantage to not harness the talents of younger employees.

Equipment Finance Advisor’s Thought Leadership Videos feature interviews with subject matter experts and leaders from bank-owned equipment finance companies, banks, independent commercial finance companies, consultants, service and product providers and more – offering their candid thoughts in interviews broadcast via Equipment Finance Advisor’s YouTube Channel.

Bill Verhelle
Founder | Harvard Partners
Bill Verhelle was the CEO of First American Commercial Bancorp, Inc. d/b/a First American Equipment Finance for nearly 20 years until his recent retirement. His retirement in May of 2015 occurred three years after his sale of the business to City National Bank.

During the nearly two decades, Verhelle served as CEO during which time First American was recognized by Fortune Magazine as one of the top twenty financial services company workplaces in the United States. First American was also recognized by the Best Companies Group as the #1 best company to work for in New York State under 250 employees. First American was again recognized as one of the top 5 companies in New York State in 2013, 2014 and 2015. Resulting from an employee survey completed just before his retirement this year, First American was recognized by Fortune Magazine as one of the 100 Best Companies in the United States for millennial employees. Under Verhelle’s leadership, First American was also an eight-time, Inc. Magazine, 500/5000 company, ranking as high as #3 on the Inc. 500 list in 2001.

Verhelle was Chairman of the Equipment Leasing and Finance Association in Washington, DC in 2008 and is currently Chairman of the Equipment Leasing and Finance Foundation in Washington. He is a member of the New York Bar and he has a JD from Cornell Law School, and MBA from the Anderson Business School at UCLA and a Bachelor of General Studies degree from the University of Michigan at Ann Arbor.

In May of 2015, Verhelle founded Harvard Partners LLC, a new business to make investments in transformative new companies, and to explore ways for large firms become more agile and innovative by hiring and empowering technology-savvy young professionals.

Verhelle, his wife Cyndee and their four children reside in Naples, FL and Mendon, NY. He can be contacted at: bill@harvardpartnersllc.com or at 239 349 2332.
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