Business report

FNCB launches Exeter-based equipment finance solution

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FNCB Bancorp, parent company of FNCB Bank, recently announced the launch of a new equipment financing solution.

The solution, 1st Equipment Finance, is based on the FNCB Bank Exeter site. It offers equipment financing solutions such as leasing alternatives to commercial customers, manufacturers, municipalities and suppliers.

1st Equipment Finance will offer a supplier/manufacturer program.

Gary P. Cook, FNCB’s executive vice president and head of equipment sales, will lead 1st Equipment Finance. Cook has 40 years of industry experience.

“Our seasoned sales and management team has more than 150 years of combined experience financing equipment with vendors, commercial customers and municipalities across the United States,” Cook said. “We look forward to leveraging this experience to expand the Bank’s portfolio locally and across the country.

1st Equipment Finance will help the company increase its market share and is part of FNCB’s strategy to meet the needs of the business community.

“Our strong commercial banking heritage uniquely positions FNCB Bank not only to compete but also to thrive in the equipment finance industry,” said Gerard Champi, President and CEO of FNCB Bank. “This will not only allow the Bank to grow, but will also provide our business customers with the expanded options they need to thrive in a competitive business environment.”