Our equipment finance company at Hancock Bank and Whitney Bank—Whitney Equipment Finance LLC—continues to expand with the recent arrival of seasoned equipment finance professional Jim Bates as Senior Vice President and Operations Manager.
Hancock and Whitney's equipment finance company serves middle-market and corporate clients by financing and leasing revenue-producing capital equipment. Clients include private companies, government entities, and businesses that buy and sell equipment. Equipment finance can range from work boats, business aviation, and trucking to railcars, cranes, and medical and construction equipment. Through equipment financing, we can offer clients alternatives for capital preservation, capital expenditure planning, new-market growth, and possible tax and accounting considerations.
With deep equipment finance experience across multiple disciplines, Bates most recently was senior regional credit portfolio manager at SunTrust Equipment Finance and Leasing in Baltimore, Maryland. He was responsible for portfolio account reviews, loan and lease lines, post-funding modifications, and underwriting portfolio purchases.
Previously, he served as director of funding, administration, and operations at AIG Commercial Equipment Finance in Dallas, where he managed all activities of the operations department related to booking new transactions and account modifications. Bates' career also includes increasingly more senior positions in equipment financing with Transamerica Equipment Financial Services Corporation, Nations Credit Commercial Corporation, and the CIT Group/Equipment Financing.