Cass Commercial Bank has formed a new division focused on financing equipment purchases for businesses, not-for-profit organizations and municipalities through capital and municipal leases. It recruited George Hoeffner, Senior Vice President, to lead the division.

Hoeffner joins Cass with 28 years of experience in equipment finance, the last six spent with Central Bank of St. Louis where he launched its equipment finance group. He previously founded Starboard Capital Group, Inc., an entity that marketed loan and lease products to middle-market companies.

Hoeffner earned his bachelor’s degree in business administration and finance from the University of Missouri - Columbia.

Founded in 1906 in St. Louis, Cass Commercial Bank is a wholly owned subsidiary of Cass Information Systems, a public company with $1.6 billion in assets.