Apex Commercial Capital Corp. will focus on providing commercial mortgages and small business equipment financing
CONSHOHOCKEN, Pa., April 11, 2022 /PRNewswire/ — Firstrust Bank today announced that its subsidiaries Apex Mortgage Corp., a commercial mortgage lender, and Firstlease, Inc., a leading national equipment finance provider, have merged under the new name Apex Commercial Capital Corp. – service lender, Apex Commercial Capital focused on core business areas of commercial mortgage lending and small business equipment financing.
André Tauber, executive vice president of Firstrust Bank, will lead the newly merged company and serve as its chairman. Tauber has over 30 years of experience in commercial lending and specialty finance, with a focus on business development, risk management, strategic planning and organizational development.
“This merger with Firstlease will strengthen Apex’s ability to help small businesses achieve their financial goals by offering a wider variety of commercial finance products and services,” said Tauber. “We are committed to providing the best financial solutions for small businesses, and by combining our skills and over 25 years of experience, we can improve our offerings to better meet the needs of those we serve.”
With the merger, Apex Commercial Capital will become a national, small-cap, agile commercial finance company positioned for organic growth and able to add additional product lines.
In addition to Tauber’s leadership, Apex Commercial Capital is led by a team of experienced financing professionals that includes: Jaime Weinstein direct operations, Claire Gorton finance and accounting department, Donald Wampler focus on business development, and Kevin Boyer guide credit and collections.
Apex Mortgage and Firstlease completed the merger on April 1. The new company will continue to be a wholly owned subsidiary of Firstrust Bank. All of Apex Commercial Capital’s loans are processed and serviced at its head office in Horsham, Pennsylvania.
About Firstrust Bank
Founded in 1934, with assets of nearly $5 billion, Firstrust Bank is the largest family-owned financial institution in the region, one of the largest and strongest full-service commercial banks in the region, and one of the most successful banks in the country. Founded by Samuel A. Greenwho started the business in his mother’s kitchen in South PhiladelphiaFirstrust is currently in its third generation of family ownership, operating as Philadelphia Hometown Bank® for over 87 years. Firstrust offers a wide range of retail and commercial banking products and services to individuals, businesses and institutions. In commercial banking, Firstrust Bank offers a wide variety of solutions, including commercial real estate financing, corporate banking, asset-backed lending, and deposit and cash management services. Firstrust Bank meets the needs of its consumer customers by offering a full range of deposit, loan and residential mortgage products. Firstrust is a Small Business Administration (SBA) Preferred Lender, is a Top Workplaces Employer, the official bank of the Philadelphia Eagles, and serves customers through 19 bank branches located in southeastern Pennsylvania, Cherry Hill, New Jerseyand Towson, MD. For more information, visit firstrust.com or call 800-220-BANK. FDIC member.
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SOURCE Firstrust Bank