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ACG Equipment Finance 2021 Originations Increase 39% to $107MM

January 20, 2022, 07:10 AM
Filed Under: Industry News

ACG Equipment Finance, a division of American Bank, N.A., originated a record $107 million in funded equipment finance contracts in 2021, a 39 percent increase over 2020.

“Our 2021 results can be attributed to our highly skilled and experienced team and their continued commitment to providing best in class service to our customers and equipment dealers,” said Rob Childers, President of ACG Equipment Finance.

Founded in 2002, and recently acquired by American Bank, ACG Equipment Finance’s team of 32 equipment finance professionals has achieved robust growth over the previous five years, originating more than $400 million in funded equipment finance contracts during that time.

“We are thrilled to be a part of American Bank and we are confident that our recent acquisition will enable us to further enhance our processes, technology and equipment finance solutions,” said Childers. “The stability and resources of American Bank combined with our efficiency and emphasis on customer and equipment dealer relationships will allow us to dramatically increase the number of business owners we serve. As entrepreneurs ourselves, we have a unique understanding of the challenges our customers and dealers face each day, and our team works diligently to provide equipment finance solutions that meet their needs.”

ACG has served more than 50,000 businesses and funded more than $1 billion in loans within a variety of industries, including construction, healthcare, agriculture, technology, printing and mailing. ACG is headquartered in Austin, TX, and maintains a national origination office in Mentor, OH.

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