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Jerry
Bishop Deals New Hand—Paul Witte the Winner!!! First
Federal Leasing (FFL) formally announces the promotion of Paul Witte from
Vice President, to CEO of FFL. This
change has been in the planning stages
for several months and will take effect
August 1,2003. Former
CEO, Jerry Bishop, will remain as SVP at First Bank Richmond (FBR) and
will assist Paul over the next few months during the transition. Paul
graduated from BallState University in 1995, joined First Bank Richmond
(FBR) in 11/96, graduated from the School of Banking in Madison, WI.
in 2000, and received his CPA license in 2002.
Paul
is looking forward to continuing to work with the leasing sources, who he
believes have played a major role in the performance of First Federal
Leasing. “I
look very much forward to continuing this success and building
upon the relationships which has made this possible,” he said. It
is no secret Jerry Bishop has wanted to reduce his presence in leasing
for some time. He said Paul Witte's progress has afforded him the opportunity
to be able
to “not work so hard and make sure the bank is in very good hands.” Jerry said he
will be spending 60% of his time in leasing, and 40% of his time pursuing
personal and private career opportunities. Contrary
to popular belief, he is not retiring to Las Vegas, Nevada. He
does plan to follow up on several consulting offers that the industry
has provided, and believes this announcement will be timely with the
return of the economy. He jokingly has made it clear he does not want
a job but looks forward to assisting many current lenders or brokers
in problem solving and working on special assignments. He believes the
prosperity of the industry will soon return, and
there will be a need for someone who would accept projects such as portfolio
evaluation (sale or purchase), or comprehensive training in areas such
as marketing, credit, collection, and servicing.
He also believes the leasing associations play key roles in the success of
our industry and has interest
in working with them on how to better serve their memberships and promote
our industry. Both
Paul and Jerry state they will be attending many of the association
conventions over the next few months and will look forward to seeing
old friends, and making new ones. First
Federal Leasing believes the prosperous days of the nineties will return,
and we
plan to be there to support our customers. Paul
Witte, Vice President First
Federal Leasing Ph:
765-962-3881 ext. 515 Fax:
765-935-0360
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