James Elwood has been promoted to Managing Director of the Vendor Finance Group for Bank of the West’s Equipment Finance Division. Elwood succeeds John Evans, who was named head of the Equipment Finance Division last year. In this role, Elwood will manage and lead six business lines that include, Equipment & Logistic Solutions, Technology, Healthcare, Diversified Industries, Managed Services and Secondary Markets. 

Elwood recently managed the Equipment & Logistic Solution business unit for Bank of the West, growing that business to become one of the leading vendor finance providers within its respective industry segments. He also serves as Managing Director for one of Bank of the West’s joint ventures.

Elwood has more than twenty-five years of vendor finance experience including time with US Leasing and Trinity Capital Corporation prior to joining Bank of the West in 2002. He is also a member of the ELFA Captive and Vendor Finance Business Council Steering Committee.

Founded in 1874, $65 billion-asset Bank of the West (www.bankofthewest.com), member FDIC and equal housing lender, offers a wide range of personal, commercial, wealth management and international banking services. The bank operates more than 600 retail and commercial banking locations in 19 Western and Midwestern states. Bank of the West is a subsidiary of BNP Paribas, which has a presence in 80 countries with nearly 200,000 employees.