Press Release

Corporate Information

PENTECH FINANCIAL APPOINTS HANNEMAN VP

 

CAMPBELL, Calif. - May 29, 2008 -- Pentech Financial Services, Inc., a leading self-funding lessor and provider of small ticket commercial equipment lease financing for businesses nationwide, has appointed Steven D. Hanneman as a Vice President. The appointment is effective immediately.

According to Benjamin E. Millerbis, president and CEO of the specialty lease finance firm, Mr. Hanneman is relocating from Minneapolis to be based at Pentech Financial's headquarters in the San Francisco Bay Area. In a newly created position leading Pentech's Special Assets Group, Mr. Hanneman will be responsible for ensuring a focused approach to optimizing collateral management at Pentech.

"Steve Hanneman is a knowledgeable and seasoned commercial finance professional who adds depth to Pentech Financial's staff," said Mr. Millerbis. “As the leader of our Special Assets Group, Steve will build a team and develop processes to enable Pentech to achieve its portfolio quality and customer service objectives.”

In joining Pentech Financial, Mr. Hanneman leaves Textron Financial where he most recently served as Vice President, Operations. He previously had directed collections and collateral verification teams for the company's inventory finance division.

Mr. Hanneman holds a BBA degree in finance from the University of Iowa.

About Pentech Financial Services, Inc.

Headquartered in Campbell, Calif., with an office in San Diego, Pentech Financial Services is a leading provider of small ticket and commercial lease financing in the B-C credit market nationwide. Founded in 1978, Pentech has provided more than a billion dollars worth of lease financing to small and mid-sized companies across the country.

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