Berkshire Bank said it has established a new business unit in Hartford focused on equipment leasing.
Berkshire’s Equipment Leasing Group, located at its 58 State House Square branch, will target equipment-lease transactions ranging in value from $250,000 to $5 million.
The division will focus on variety of industries — construction, manufacturing, medical, dental, technology and transportation.
The Massachusetts lender has hired two Connecticut bankers with experience in equipment leasing.
Glenn R. Mason and Lisa M. Parady both held executive positions at Danbury’s Union Savings Bank and Torrington’s First Litchfield Leasing Corp.
Mason will serve as senior vice president of Berkshire’s Equipment Leasing Group and Parady will be vice president of operations.
