Atlantic Union Bank announced a new division of the Bank called Atlantic Union Equipment Finance.

Atlantic Union Equipment Finance will provide a wide variety of equipment finance solutions to commercial and corporate customers. This includes providing financing for equipment assets including marine, tractors, trailers, buses, construction, manufacturing and medical, among other types of equipment. Atlantic Union Bank will leverage this new capability to take advantage of opportunities across its Mid-Atlantic footprint, in addition to financing outside the Mid-Atlantic.

“Atlantic Union Bank continues to introduce more products and services to help our customers thrive in a competitive business environment,” said John C. Asbury, President and CEO of Atlantic Union Bankshares Corporation. “The addition of equipment finance and leasing to our suite of products enables us to better meet our customers’ growing business needs while diversifying our commercial loan portfolio.”

“Atlantic Union Equipment Finance will be supported by a seasoned executive management team with a proven track record in equipment finance and leasing. The team will launch with a strong group of origination, credit and operational teammates and with the support of our Commercial Banking Group,” said David Ring, Commercial Group Banking Executive of Atlantic Union Bank.  

Jule Kreyling will serve as President of Atlantic Union Equipment Finance and will report to David Ring. Kreyling has over 25 years of experience in equipment finance and leasing, along with vast experience in building successful equipment finance companies for financial institutions. Kreyling holds an undergraduate degree from Williams College and a law degree from Harvard Law School.

“We’re focused on delivering a highly differentiated customer experience,” said Jule Kreyling, Atlantic Union Equipment Finance President. “We have a strong customer-centric philosophy that is underpinned by a commitment to minimizing risk through a strong credit discipline.”