Savings Institute Bank & Trust is widening its commercial-finance operations into equipment-leasing through a partnership with a leading Springfield specialist.
The Windham lender says it is partnering with Springfield’s CB Leasing Inc., an affiliate of Stafford Leasing Associates Inc., for leasing services and prospective customers.
Savings Institute CEO Rheo Brouillard said the bank will pursue leases with manufacturers, hospitals, municipalities and others, ranging from $50,000 to $5 million in its Connecticut and Rhode Island markets.
