Merlo America LLC and First Citizens Bank Announce Comprehensive New Vendor Finance Agreement
First Citizens Bank (NASDAQ:FCNCA) and Merlo America LLC have announced a new vendor finance agreement to provide leasing and lending solutions for Merlo's construction and agricultural equipment customers. Merlo America, the North American subsidiary of Italy-based Merlo S.p.A, is known for producing telehandlers and machinery for agricultural, tree care, industrial, and construction applications.
Through this partnership, First Citizens Bank Equipment Finance will offer financing options to help Merlo customers acquire equipment for their business operations. The agreement leverages First Citizens Bank's Equipment Finance group's capabilities, including their sales coverage model, technology platforms, and structuring expertise.
First Citizens Bank (NASDAQ:FCNCA) e Merlo America LLC hanno annunciato un nuovo accordo di finanziamento per fornire soluzioni di leasing e prestito ai clienti di Merlo nel settore delle attrezzature per costruzioni e agricoltura. Merlo America, la filiale nordamericana della società italiana Merlo S.p.A, è rinomata per la produzione di sollevatori telescopici e macchinari destinati ad applicazioni agricole, cura degli alberi, industriali e edili.
Grazie a questa collaborazione, First Citizens Bank Equipment Finance offrirà opzioni di finanziamento per facilitare l'acquisto di attrezzature da parte dei clienti Merlo per le loro attività. L'accordo sfrutta le competenze del gruppo Equipment Finance di First Citizens Bank, inclusi il modello di copertura commerciale, le piattaforme tecnologiche e l'esperienza nella strutturazione finanziaria.
First Citizens Bank (NASDAQ:FCNCA) y Merlo America LLC han anunciado un nuevo acuerdo de financiamiento para proveedores que ofrecerá soluciones de arrendamiento y préstamos a los clientes de Merlo en equipos de construcción y agrícolas. Merlo America, la filial norteamericana de la italiana Merlo S.p.A, es reconocida por fabricar manipuladores telescópicos y maquinaria para aplicaciones agrícolas, cuidado de árboles, industriales y de construcción.
Mediante esta asociación, First Citizens Bank Equipment Finance brindará opciones de financiamiento para ayudar a los clientes de Merlo a adquirir equipos para sus operaciones comerciales. El acuerdo aprovecha las capacidades del grupo Equipment Finance de First Citizens Bank, incluyendo su modelo de cobertura de ventas, plataformas tecnológicas y experiencia en estructuración.
First Citizens Bank (NASDAQ:FCNCA)와 Merlo America LLC가 건설 및 농업 장비 고객을 위한 리스 및 대출 솔루션을 제공하는 새로운 공급업체 금융 계약을 발표했습니다. Merlo America는 이탈리아 기반 Merlo S.p.A의 북미 자회사로, 텔레핸들러 및 농업, 수목 관리, 산업 및 건설용 기계를 생산하는 것으로 알려져 있습니다.
이번 파트너십을 통해 First Citizens Bank Equipment Finance는 Merlo 고객이 사업 운영에 필요한 장비를 구입할 수 있도록 금융 옵션을 제공합니다. 이 계약은 First Citizens Bank의 Equipment Finance 그룹의 영업 커버리지 모델, 기술 플랫폼 및 구조화 전문성을 활용합니다.
First Citizens Bank (NASDAQ:FCNCA) et Merlo America LLC ont annoncé un nouvel accord de financement fournisseur visant à offrir des solutions de location et de prêt aux clients de Merlo dans les secteurs de la construction et de l'agriculture. Merlo America, filiale nord-américaine de la société italienne Merlo S.p.A, est reconnue pour la fabrication de télescopiques et de machines destinées aux applications agricoles, à l'entretien des arbres, industrielles et de construction.
Grâce à ce partenariat, First Citizens Bank Equipment Finance proposera des options de financement pour aider les clients de Merlo à acquérir des équipements pour leurs activités. L'accord s'appuie sur les compétences du groupe Equipment Finance de First Citizens Bank, notamment leur modèle de couverture commerciale, leurs plateformes technologiques et leur expertise en structuration.
First Citizens Bank (NASDAQ:FCNCA) und Merlo America LLC haben eine neue Finanzierungsvereinbarung für Anbieter angekündigt, um Leasing- und Kreditlösungen für Merlos Kunden im Bereich Bau- und Landmaschinen anzubieten. Merlo America, die nordamerikanische Tochtergesellschaft des italienischen Unternehmens Merlo S.p.A, ist bekannt für die Herstellung von Teleskopladern und Maschinen für landwirtschaftliche, baumpflegerische, industrielle und Bauanwendungen.
Durch diese Partnerschaft wird First Citizens Bank Equipment Finance Finanzierungsmöglichkeiten bereitstellen, um Merlo-Kunden den Erwerb von Geräten für ihre Geschäftstätigkeiten zu erleichtern. Die Vereinbarung nutzt die Kompetenzen der Equipment Finance Gruppe von First Citizens Bank, einschließlich ihres Vertriebsmodells, technologischer Plattformen und ihrer Expertise in der Strukturierung.
- Strategic partnership expands First Citizens Bank's equipment financing portfolio
- Access to new customer base in construction and agricultural sectors
- Diversification of revenue streams through equipment financing
- None.
Insights
First Citizens Bank expands equipment financing reach through partnership with Merlo America, potentially boosting fee income in their equipment finance segment.
First Citizens Bank has established a new vendor finance agreement with Merlo America LLC, the North American arm of Italian manufacturer Merlo S.p.A. This partnership positions First Citizens to provide financing solutions specifically for customers purchasing Merlo's telehandlers and other construction and agricultural equipment.
This agreement represents a strategic expansion of First Citizens Bank's equipment financing portfolio into the construction and agricultural sectors. The bank's Equipment Finance group will likely generate additional fee income and interest revenue through leasing arrangements and loans to Merlo's customer base.
The partnership aligns with First Citizens' diversification strategy in commercial lending, particularly within specialty financing segments that often carry higher margins than traditional banking products. Equipment finance agreements typically provide stable, secured lending opportunities with predictable cash flows, as the equipment itself serves as collateral.
While the announcement doesn't include specific financial projections or the expected volume of business, the construction and agricultural equipment sectors represent substantial markets. Merlo's specialized telehandlers and equipment command premium pricing, suggesting the average transaction size could be significant.
For context, vendor finance arrangements typically benefit banks through new customer acquisition channels and cross-selling opportunities beyond the initial equipment financing. The deal enhances First Citizens' competitive positioning in specialized equipment finance against larger national banks and dedicated equipment finance companies.
Headquartered in
The parent company is a leading producer of multi-use telehandler and other machinery for agricultural, tree care, industrial and construction applications.
"Our telehandlers and other equipment deliver enormous value to customers who prize quality, reliability and performance from their equipment," said Cole Renken, General Manager of Merlo America.
"Our company is pleased to collaborate with First Citizens Bank Equipment Finance to provide our clients with outstanding financing options that will empower them to acquire the equipment needed to operate and grow their businesses," he continued.
"Merlo America is widely recognized throughout the industry for its accomplishments in supplying top-quality telehandlers and other construction and agricultural equipment," said Harold Ray, who leads the construction group at First Citizens Bank Equipment Finance. "We look forward to a long and successful relationship with Merlo and its clients in providing financing options that best meet their business objectives."
First Citizens Bank's Equipment Finance group empowers original equipment manufacturers, vendors and small and mid-size businesses by providing equipment financing solutions via a distinctive inside/outside sales coverage model, seasoned supporting staff, technology-enabled platforms and market-leading structuring expertise.
About Merlo America
Merlo America represents Merlo Group, a global leader in telehandler technology and design. Headquartered in
About First Citizens Bank
First Citizens Bank helps personal, business, commercial and wealth clients build financial strength that lasts. Headquartered in
MEDIA RELATIONS:
John M. Moran
212-461-5507
john.moran2@firstcitizens.com
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SOURCE First Citizens Bank
FAQ
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