NEW YORK, April 17, 2015 /PRNewswire/ -- World Business Lenders (WBL) announced today the acquisition of certain business loan operations of Plan B Growth, LLC and the opening of a branch in Atlanta, Georgia. The office will be co-managed by Robert "Chip" Leas and Maribeth Colton, who join WBL as Vice Presidents. The Atlanta location becomes WBL's eighth branch.
Leas has served for more than two decades as a CEO of financial services companies. Colton has nearly 20 years of marketing, business development and alternative lending experience.
Leas founded OFC Capital Corporation in 1984 and served as its President and CEO for more than 25 years. He operated the company after its sale to First Liberty Bank, later acquired by BB&T Bank, until leaving in 2010 to co-found Plan B Growth.
His experience includes building distribution and delivery processes for commercial leasing and finance products supporting hundreds of branch locations. Leas is a past President of the Eastern Association of Equipment Lessors and has chaired numerous industry committees and organizations throughout his career. Maribeth Colton served as head of Marketing and Business Development at OFC Capital, and has founded and operated multiple businesses, including Plan B Growth.
Alex Gemici, Managing Director and Head of Retail Division at WBL commented: "We are delighted to welcome Chip and Maribeth to our growing company. Their years of experience will strengthen our company and further catalyze our development."
Leas commented, "We look forward to joining the WBL team and delivering financing solutions to America's small business owners."
ABOUT WORLD BUSINESS LENDERS
Headquartered in New York City, World Business Lenders ( www.wbl.com) is a lender specializing in serving the small business community across the United States. Founded and led by an experienced and successful executive management team, WBL provides working capital for the growth and maintenance of this vital sector of the country's economy.
SOURCE World Business Lenders