MUNICIPAL LEASING 

Bankers Bank of the West provides a “turnkey” Municipal Leasing product for what many independent banks are their most loyal and high profile customers.  Whether it is a school district, fire district or the town or city you are dealing with, many have equipment leasing needs. 

The primary advantage to the municipality is cost savings.  In general, municipal leasing allows the municipality to acquire equipment without a costly and time-consuming vote of the community.  And allows them to acquire the needed equipment over a period of time. 

Other advantages of Municipal Leasing include: 

• Affordable monthly, quarterly, semi-annual or annual payments.  What ever best fits the municipality’s cash flow payment schedule.
• Conservation of working capital by stretching out the repayment of capital equipment.
• Municipal Leasing can cover multiple vendors to finance equipment needs.
• Municipal Leasing allows match funding of the equipment with a specified revenue stream.

 Any type of equipment can be leased and your bank may choose to participate in the receivable on an amortizing note basis or, if lease funding is not desired, receive a referral fee.

For more information on leasing services, please contact Dale Utley, Senior VP of our Loan and Leasing Departments and the Chair of the Bankers' Bank Loan Committee. With over 31 years experience in commercial lending and leasing, Dale has organized and run a leasing subsidiary of a community bank and handled all types of loans.

Dale is a graduate of the Pacific Coast Banking School at the University of Washington and holds an MBA in Finance and Marketing from Eastern Michigan University.