First American Equipment Finance ended its fiscal year with $605 million in new business in 2016, a 46 percent increase over the prior year, the company announced Thursday.
The growth was reflected in the addition of 30 new positions, expanding its workforce from 160 to 190 people. The company plans to add 25 positions in 2017.
“Our success is thanks to the hard work and dedication of our growing team,” CEO Alan Sikora said. “Our colleagues have passion to accomplish great things in business and in life.”
First American said this is the fourth straight year of growth exceeding 25 percent.
First American Equipment Finance is a wholly owned subsidiary of the Los Angeles-based City National Bank. It is one of the largest equipment finance companies in the U.S.
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