Bank Of The West Announces Key Leadership Moves In Consumer Finance Division & Dealer Financial Serv
He's also helped expand the bank's Essex Credit subsidiary, making it a leader in the direct financing of recreational vehicles and marine craft. "Mark is an institution within the auto, RV and marine finance industries, and I speak not only for myself but for all of Mark's colleagues, dealers and customers in saying that he will be greatly missed," said Paul Wible, senior executive vice president and head of Bank of the West's National Finance Group. "I couldn't be prouder or more appreciative of all that Mark accomplished during his career with us. With Mark's leadership, our consumer finance business now represents approximately one fifth of the Bank's loans and leases and is well-positioned for continued growth." "At the same time, I'm excited to have Mike join the Consumer Finance Division team," Wible continued. "Mike has worked closely with Mark and his team for the past seven years, ensuring we met all of our dealers' commercial banking needs, including floor plan and real estate financing, plus cash management and purchasing cards. In his new role, I'm confident that Mike will carry on our Bank's commitment to meeting the financial needs of dealers and consumers alike. His expertise and vision will be instrumental in helping us reach our long term goal of becoming a national auto lender." Lax, who has had a thirty-year career in the financial services industry, joined Bank of the West in 2007. Previously, he spent 19 years with Citi in a number of business development and managerial roles for its dealer-related business lines.