The newly combined company will cater to small businesses across the US
Commercial mortgage lender Apex Mortgage and Firstlease, a provider of equipment financing, have merged to create a full-service lending company, Apex Commercial Capital Corp.
Apex Commercial Capital will be a commercial finance company for small businesses and will continue to be a fully owned subsidiary of Firstrust Bank, a release said.
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Firstrust Bank executive Andrew Tauber will head the newly combined company as president. Tauber has over 30 years of commercial lending and specialty finance experience under his belt. He most recently served as executive vice president at Firstrust.
“This merger with Firstlease will strengthen Apex’s ability to help small businesses achieve their financial goals by offering them a wider variety of commercial financing products and services,” Tauber said. “We are committed to providing the best financial solutions to small businesses, and through combining our skills and more than 25 years of experience, we can improve our offerings to better fit the needs of those we serve.”
In addition to Tauber, Apex has onboarded a team of experienced mortgage professionals: Jaime Weinstein leading operations, Claire Gorton heading finance and accounting, Donald Wampler concentrating on business development, and Kevin Boyer guiding credit and collections.
Apex Mortgage and Firstlease closed the merger early this month. The new tech-enabled company operates from Horsham, PA.
