CLEVELAND, OH--(Marketwire - Jan 8, 2013) - BMO Harris Equipment Finance Company announced today that it has hired Joe DiLallo to lead its corporate aviation finance and leasing business. DiLallo will be based in Cleveland, and he will have both national and international business development responsibilities.
"Over half of all new and pre-owned business jet and helicopter acquisitions are financed via loan or lease, and we expect to see considerable growth in the corporate aviation industry in the coming years," said Tom Sbordone, Senior Vice President, BMO Harris Equipment Finance Company. "Large corporate clients are looking for customized financing and specialized expertise, and Joe will work closely with his aviation industry contacts and his banking colleagues to identify opportunities to bring that expertise to clients and prospective clients."
"The move into aviation financing is part our overall focus on large corporate and specialty finance opportunities throughout the markets BMO serves," said Jud Snyder, Managing Director and Head, BMO Harris Equipment Finance Company. "The team has sales professionals nation-wide, with the most recent offices having been opened in Houston and Boston, and now, Cleveland. More to come."
About Joe DiLallo
Joe DiLallo has over 20 years of experience in the business aircraft finance and equipment leasing industry. His most recent role was with Key Equipment Finance, an affiliate of KeyBank, where he was Vice President in the Corporate Aviation Finance unit responsible for growth of the CAF Division through the western U.S. and select international markets. Prior to that, he was at JPMorgan Chase Bank, as well as Star Bank Corp.
DiLallo is an active participant, presenter, panelist, and moderator at various industry events, conferences, and seminars. He is an active member of the National Business Aviation Association (NBAA) and currently serves on the membership committee of NAFA.
He received his BSBA from Bowling Green State University.
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. BMO Harris Equipment Finance Company is a wholly-owned subsidiary of BMO Harris Bank N.A.
About BMO Harris Bank
BMO Harris Bank's commercial banking team provides a combination of sector expertise, local knowledge and mid-market focus throughout the U.S. BMO Harris Bank provides a broad range of personal banking products and solutions through over 600 branches and approximately 1,300 ATMs in Illinois, Wisconsin, Indiana, Kansas, Missouri, Minnesota, Nevada, Arizona and Florida. 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 approximately $554 billion in assets (as of the third quarter, 2012).