CHEVY CHASE, Md., Dec. 29 /PRNewswire-FirstCall/ -- CapitalSource Inc. (NYSE: CSE), today announced that Laird Boulden will be joining the Company, effective February 1, 2010, as President of Corporate Asset Finance. He will lead an asset finance group, which will enhance the Company's historically strong asset-based lending business by focusing on equipment secured loans. Boulden has been in the business for nearly 30 years and will join CapitalSource from Tygris Asset Finance where he recently served as President. Previously Boulden held senior executive roles at the Citizens Banks/Royal Bank of Scotland and Heller Financial, where he founded/co-founded their respective equipment finance groups. Stephen J. O'Connor and Robert S. Wille will be among the group he is bringing to CapitalSource. Both have worked with Boulden for many years and share his extensive equipment-based lending experience.
"I have known Laird for more than 10 years, and he is generally regarded as the best in his business. His expertise is very complimentary to our core commercial lending franchise," said John K. Delaney, CapitalSource Chairman and CEO. "As we focus on asset growth at CapitalSource Bank, we are extremely fortunate that he and his longtime colleagues have agreed to join CapitalSource."
"Adding our highly skilled team, with many years of experience in equipment financing, to the well established and credit-minded national franchise at CapitalSource and CapitalSource Bank is a terrific formula for success," commented Laird Boulden. "My colleagues and I are excited about the opportunity to contribute to the diversification and growth of the Company's commercial loan portfolio."
About CapitalSource
CapitalSource Inc. (NYSE: CSE) is a commercial lender that provides financial products to middle market businesses and offers depository products and services in southern and central California through its wholly owned subsidiary CapitalSource Bank. As of September 30, 2009, CapitalSource had total commercial assets of $10.4 billion and $4.4 billion in deposits. The Company is headquartered in Chevy Chase, MD. Visit www.capitalsource.com for more information.
SOURCE CapitalSource Inc.
