After a 52-year career, including the last 17 years at U.S. Bank, Tony Cracchiolo announced his decision to retire in July. In the coming months, U.S. Bank will conduct a search for a new leader of U.S. Bank Equipment Finance.  

Since he joined U.S. Bank in 2007, Tony helped grow the business into one of the largest equipment finance providers in the country.

Cracchiolo began his career in 1972 at Chemical Bank, which is now part of JPMorgan Chase. He spent 29 years at Citicorp, including more than five years as the managing director in its vendor finance business. Cracchiolo is also the former chairman of the board of directors of the of Equipment Leasing and Finance Association. In total, he served on the ELFA board for nine years.

“Equipment finance plays a fundamental role in powering the productivity of businesses across the globe. It’s been my pleasure to play a small role in the industry’s development over the past several decades and see it become an essential financing tool for successful organizations,” said Tony Cracchiolo, CEO/President of U.S. Bank Equipment Finance.