Jim Lathi

 

 

It is reported that Jim Lahti, formerly president of Affiliated Corporate Services

and past president of the United Association of Equipment Leasing, along

with several staff members will resign from BancPartners of Lewisville, Texas.

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Kit you released this news way to premature. As of this date Jim is

still the President and until further notice he will remain in that

capacity.  Please reprint that he has not resigned but will keep you

informed.  .. Thanks Kit.

Richard A. Galtelli

Chairman & CEO

BancPartners of Texas, Inc.

1550 Waters Ridge Drive

Lewisville, TX 75057

972-221-7335  Pvt Fax 972-219-0223

Kit, some changes are under way. We are excited about the new

opportunities will be issuing a press release and will certainly send you a first copy. Thanks for your support.

Jim Lahti

jrl@acsitx.com

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January 26, 2001 Leasing News story:

Affiliated Corporate Services Merges With First Commerce Leasing

Affiliated Corporate Services, (ACSI) a Lewisville, Texas-based leasing company, has merged with First Commerce Leasing of Birmingham, Alabama, according to ACSI's Chairman, Richard A. Galtelli.

Both companies will continue to operate under their established names, but will be owned by a new entity, First Commerce Holdings.

ACSI Chairman and CEO Richard A. Galtelli and President James R. Lahti will continue in their current positions. Warren Hawkins of First Commerce will serve as president of the holding company and will continue as president of First Commerce Leasing. The move is considered to strengthen both entities as each party is bringing to the table what will help each other in this marketplace.

ACSI, established in 1982, will continue to specialize in providing small-ticket commercial equipment financing to small and mid-size businesses, according to the principals. ACSI has reportedly originated more than $40 million in equipment leases over the last four years, and is expected to originate $18 million to $20 million during its current fiscal year with the merger. They are also reportedly one of the largest super brokers in the Southwest.

 

Mr. Galtelli has been very active on the world wide web for a considerable time and considered an integral reason for the success of Affiliated Leasing. Mr. Lahti is past-president of the United Equipment Leasing Association and active at conferences with the National Association of Equipment Lease Brokers. He is very popular. He is a very well-known Dallas Cowboy fan, too.

 

Founded in 1983, First Commerce Leasing provides master lease lines of credit ranging from $25,000 to $5 million to a variety of industries in Alabama and Tennessee, resulting in an expected $35 million in business during it current fiscal year. The company also offers a customized, private-label leasing program to small community banks in Alabama and Tennessee under the name BancPartners Leasing.


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