New Leadership Empowers First Citizens Bank's Equipment Finance
First Citizens Bank Welcomes New Executive in Equipment Finance
First Citizens Bank has exciting news as it strengthens its Equipment Finance Group. The bank is thrilled to announce the appointment of Rod Versteegh as their new Equipment Finance Executive, bringing with him over 30 years of valuable expertise from the finance industry.
Rod Versteegh: A Seasoned Expert Joins the Team
Rod Versteegh arrives at First Citizens after serving as the Global Business Unit President at DLL. Bank President Peter Bristow expressed great enthusiasm about this new addition to the leadership team. Rod's extensive background in various sectors such as material handling, construction, transportation, and agriculture will bring fresh insights to the organization.
In a statement, Versteegh expressed his excitement about joining First Citizens Bank, stating, "I am honored to lead one of the largest and best equipment finance organizations in the industry. This is an exciting time for our sector, and I look forward to working closely with my new colleagues to support our clients and grow our business."
Successor to Mike Jones and Industry Impact
Rod will be taking over the position from Mike Jones, who is retiring after three decades in the equipment finance arena. Jones has played a pivotal role in elevating the Equipment Finance division at First Citizens, making it a recognized leader in the industry, consistently ranked among the top bank equipment lenders by Monitor magazine.
Bristow acknowledged Jones's significant contributions over the years, stating, "For almost a decade, Mike Jones' leadership steered Equipment Finance, elevating it to an industry pacesetter. He has built a culture of collaboration and implemented essential operational and organizational improvements." Jones will stay on in an advisory capacity until early 2026 to ensure a seamless transition.
Supporting Growth with New Talent
Additionally, the team at First Citizens Equipment Finance will be strengthened with the arrival of James Ferguson, another former executive from DLL. Ferguson joins as Managing Director of Sales and has a solid track record in the equipment finance sector, where he has held various roles since 2009.
Empowering Customers with Innovative Financing Solutions
First Citizens Bank's Equipment Finance team is dedicated to empowering original equipment manufacturers, vendors, and small and mid-sized businesses through innovative financing solutions. They boast a unique inside/outside sales coverage model that combines experienced support staff and technology-driven platforms for a comprehensive client experience.
About First Citizens Bank
First Citizens Bank aids personal, business, commercial, and wealth clients in building sustained financial strength. With a legacy centered on stability and long-term vision, their headquarters is located in Raleigh, N.C. The bank provides a wide range of services, including a vast network of branches and offices, commercial banking, and innovative financial solutions tailored for businesses at every stage.
The parent company, First Citizens BancShares, Inc. (NASDAQ: FCNCA), stands as one of the top 20 financial institutions in the U.S., managing over $200 billion in assets and being part of the esteemed Fortune 500™ list. More information can be found on their official website.
Frequently Asked Questions
What is the recent leadership change at First Citizens Bank?
Rod Versteegh has been appointed as the Equipment Finance Executive, succeeding Mike Jones who is retiring.
What experience does Rod Versteegh bring to First Citizens Bank?
He brings over 30 years of experience in the finance industry, particularly in sectors like material handling and construction.
Who is Mike Jones and what is his role moving forward?
Mike Jones has led the Equipment Finance division for nearly a decade and will serve in an advisory capacity until early 2026.
What new appointment was made alongside Versteegh's?
James Ferguson has joined as Managing Director of Sales, bringing extensive experience from DLL.
What services does First Citizens Bank offer?
The bank provides personal, business, commercial, and wealth management services, along with innovative financing solutions.
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