Midland Equipment Finance (MEF), the equipment financing division of Midland States Bank, announced it has crossed the $1 billion mark in its portfolio since the division’s 2018 inception.
MEF provides finance solutions for U.S.-based businesses in the construction, transportation, waste, manufacturing, specialty vehicle and healthcare industries.
“In four and a half years, we have funded over $1.7 billion in equipment finance deals and served over 8,500 customers,” said Frederick Van Etten, President of MEF. “We are excited to continue to meet our current and future customers’ equipment finance needs.”
Van Etten and his core management team have worked together for over 15 years and have built a strong team of highly experienced, industry-specific experts. The team has developed a streamlined business model with efficient origination and operating processes that continue to serve its commercial customers and vendors.
"Midland Equipment Finance’s industry leadership reflects how customers within its sectors find value in our products, services and people,” said Jeffrey Mefford, President of Midland States Bank.
The division is headquartered in St. Louis, MO and operates nationwide from 12 locations.