BMO Harris Equipment Finance Company Creates New Healthcare Finance Unit

MILWAUKEE and CHICAGO, March 1, 2012 /PRNewswire/ -- BMO Harris Equipment Finance Company announced today that it has hired David Sook to create a financing unit within the Equipment Finance team that is focused solely on the healthcare industry.

"Our focus on healthcare will provide our Equipment Finance customers with customized financing alternatives, access to capital and specialized expertise," said Jud Snyder, Managing Director and Head, BMO Harris Equipment Finance Company.  "David brings a wealth of experience in healthcare finance, and we see significant growth opportunities within this sector throughout the country."

Medical equipment represented over 7% of all equipment financed in the US in 2010, which represents a $4.5 billion industry, and the outlook for future growth is very positive.  

David Sook has over 23 years of experience working in the financial services sector, focused on healthcare providers throughout that time. He has been with PNC Financial for the past ten years. His most recent role was Senior Vice President, where he led a team of business development officers, program managers and documentation specialists to expand PNC's presence in both the vendor and direct healthcare markets.

About BMO Harris Equipment Finance Company
Based in Milwaukee, but with offices throughout the country, BMO Harris Equipment Finance Company builds off of the solid reputation and relationships created by M&I Equipment Finance Company, relationships that have been formed over the past 55 years.  The team is currently ranked in both the Monitor Bank 40 and Monitor 100 lists of the largest US-based Equipment Finance companies.

About BMO Harris Bank
Based in Chicago, BMO Harris Bank N.A. provides a broad range of personal banking products and solutions through over 650 branches and approximately 1,350 ATMs in Illinois, Wisconsin, Indiana, Kansas, Missouri, Minnesota, Nevada, Arizona and Florida.  BMO Harris Bank's commercial banking team provides a combination of sector expertise, local knowledge and mid-market focus throughout the U.S.  Deposit and loan products and services provided by BMO Harris Bank N.A. Member FDIC. BMO Harris Bank(SM) is a trade name used by BMO Harris Bank N.A. BMO Harris Bank is part of BMO Financial Group, a North American financial organization with 1,600 branches, and a retail deposit base of approximately $180 billion.

SOURCE BMO Harris Bank

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