News Releases
BMO Harris Equipment Finance Company Creates New Healthcare Finance Unit
Hiring of 23 year veteran David Sook to provide customized financing alternatives to healthcare providers
MILWAUKEE, WI and CHICAGO, IL., March 1, 2012< /strong> – BMO Harris Equipment Finance Company announced today that it has hired David Sook to create a financing unit within the Equipment Finance team that is focused solely on the healthcare industry.
"Our focus on healthcare will provide our Equipment Finance customers with customized financing alternatives, access to capital and specialized expertise," said Jud Snyder, Managing Director and Head, BMO Harris Equipment Finance Company. "David brings a wealth of experience in healthcare finance, and we see significant growth opportunities within this sector throughout the country."
Medical equipment represented over 7% of all equipment financed in the US in 2010, which represents a $4.5 billion industry, and the outlook for future growth is very positive.
David Sook has over 23 years of experience working in the financial services sector, focused on healthcare providers throughout that time. He has been with PNC Financial for the past ten years. His most recent role was Senior Vice President, where he led a team of business development officers, program managers and documentation specialists to expand PNC's presence in both the vendor and direct healthcare markets.
About BMO Harris Equipment Finance Company
Based in Milwaukee, but with offices throughout the country, BMO Harris Equipment Finance Company builds off of the solid reputation and relationships created by M&I Equipment Finance Company, relationships that have been formed over the past 55 years. The team is currently ranked in both the Monitor Bank 40 and Monitor 100 lists of the largest US-based Equipment Finance companies.
About BMO Harris Bank N.A.
Based in Chicago, BMO Harris Bank N.A. provides a broad range of personal banking products and solutions through approximately 700 branches and approximately 1,350 ATMs in Illinois, Wisconsin, Indiana, Kansas, Missouri, Minnesota, Nevada, Arizona and Florida. BMO Harris Bank's commercial banking team pr
ovides a combination of sector expertise, local knowledge and mid-market focus throughout the U.S. Deposit and loan products and services provided by BMO Harris Bank N.A. Member FDIC. BMO Harris Banksm, M&I®and Harris® are trade names used by BMO Harris Bank N.A. BMO Harris Bank is part of BMO Financial Group, a North American financial organization with 1,600 branches, and a retail deposit base of approximately $180 billion.
BMO Harris Bank is a trade name used by BMO Harris Bank N.A. Banking deposit and loan products and services are provided by BMO Harris Bank N.A. Member FDIC. Brokerage products are offered through Harris Investor Services, Inc. (HIS), a registered broker/dealer, member FINRA/SIPC, and SEC-registered investment advisor. Insurance products are offered through Harris Bancorp Insurance Services, Inc. (HBIS). Investment banking services are provided by BMO Capital Markets Corp. (BMOCMC) and BMO Capital Markets GKST, Inc. (GKST), a Municipal Bond Dealer and member FINRA and SIPC. Financial planning and investment advisory services are provided by Sullivan, Bruyette, Speros & Blayney, Inc. (Harris SBSB), an SEC registered investment advisor. Family Office Services are provided by Harris myCFO, Inc. Investment advisory services are offered by Harris myCFO Investment Advisory Services LLC (Harris myCFO), an SEC-registered investment advisor and wholly-owned subsidiary of Harris myCFO, Inc. Stoker Ostler Wealth Advisors (Stoker Ostler) is an SEC-registered investment advisor. Investment advisory services to institutional clients are provided by Harris Investment Management (HIM) or its wholly-owned subsidiary HIM Monegy (Monegy), SEC-registered investment advisors. Products offered by HIS, HBIS, BMOCM, Harris SBSB, Harris myCFO, Stoker Ostler, HIM, and Monegy, which are affiliated companies and wholly owned subsidiaries of BMO Financial Corp.,: Are not insured by the FDIC or any Federal Government Agency, not a deposit of or guaranteed by any Bank or Bank Affiliate, may lose value. The purchase of insurance or an annuity is not a condition to any bank loan or service. Not all products and services are offered in every state and/or location.
Patrick O'Herlihy, (312) 461-6970 Patrick.O'herlihy@harrisbank.com