Beneficial Bank announced Beneficial Equipment Finance Corporation (BEFC) has named Doreen Cropp and Scott Soslow as Vice Presidents, Business Development Officers.

“Our healthcare industry vertical represents an attractive area of opportunity to further grow our business,” said George Bednar, Vice President and Director of Sales for BEFC. “We’re looking forward to the 50+ years of combined experience that Doreen and Scott bring to our team, as well as the contributions they will make in our future growth.”

Cropp joins BEFC with over 25 years of financial services experience, as well as accomplished business development and relationship building.  She has been extremely successful in developing strong healthcare vendor relationships through her career, and has a track record dealing with competitive selling situations that have resulted in over $200 million in lease volume.  Prior to BEFC, Cropp held roles in Business Development at TCF Equipment Finance, DLL Financial Services and CitiCapital as well as her own finance company.

Soslow brings over 30 years of equipment financing experience in sales, management, credit and operations to facilitate the division’s growth plans. At BEFC, he will be responsible for developing new manufacturer, distributor and dealer relationships in both the healthcare and commercial markets.  Prior to his role at BEFC, he held positions with Copelco Leasing/Citi Capital, American Express Business Finance, LEAF Financial and Marlin Equipment Finance.