Tuesday, February 4, 2014

First South Bank opens Charlotte leasing production office

Washington, N.C.-based First South Bank has made its first move into Charlotte by opening a leasing production office near Northlake Mall.

First South Leasing primarily offers equipment sellers a way to finance purchases, or gives businesses a way to free up cash by leasing equipment instead of taking out a loan to buy it.

The office's first leasing consultant, Sharon Barrett, had spent 25 years with Springs Leasing Corp. in Charlotte. That company closed operations at the end of last year.

Barrett told the Observer that First South hopes the office will get enough business to warrant bringing in more people within  a few years. Ultimately, First South also hopes to open a full-service branch in Charlotte.

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