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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. -------- 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 ------------ 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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