Lee Palm joins First Tennessee’s new structured equipment finance group
Lee Palm will head up First Tennessee Bank’s new structured equipment finance group.
In his new role as as executive vice president and managing director of the new group, Palm will be based in Nashville along with most of the new team.
First Tennessee created the new structured equipment finance group to focus on business aviation and equipment loans in the construction, marine, trucking, rail and manufacturing industries.
“Lee’s extensive industry experience and the relationships he’s developed will benefit First Tennessee as we expand into this new line of business,” said Steve J. Hawkins, executive vice president of wholesale banking for First Tennessee. “We value his expertise and we’re excited about his team of dedicated professionals and their focus on equipment finance.”
Palm had previously been with Talmer Bank and Trust, where he served as president of commercial finance. He is joined at First Tennessee by Brian Shapiro and Jim Lewis who were also at Talmer Bank and Trust.
“Having had multiple opportunities to start-up significant and successful platforms for both banks and large commercial finance companies, my role will be to replicate those successes at First Tennessee,” said Palm, “I’m excited about leading a high-performance team of equipment finance professionals to brand our bank in key areas of expertise and be accretive to earnings.”