Textron Financial and Omni National Bank Enter Strategic
Alliance
Partnership Provides Equipment Financing for Transportation
Companies
Portland, Oregon – May
4, 2007 -
Textron Financial Corporation’s Commercial Finance
Division announces the addition of its newest strategic partner,
Omni National Bank. The addition of Omni allows for Textron
Financial’s transportation customers to benefit from preferred
rates and terms on equipment financing. Omni’s customers
benefit by saving up to $25,000 on closing fees for lines of credit
and working capital facilities offered through Commercial Finance (depending
on transaction size).
“Omni National Bank was a natural extension to the array
of strategic partners in the Power of Two F2+ Program™,” said
John Enyart, Commercial Finance Division president. “We
know that our customers in the transportation industry endure an
extremely competitive environment. Through the combined F2+
offering, we are confident that our customers will be able to benefit
from significant savings, allowing them to become more competitive
in the marketplace.”
In addition to preferred rates and terms available on equipment
financing through Omni, Commercial Finance’s customers benefit from discounted
access to EFS Transportation Services fuel cards, preferred pricing
on insurance premium financing through UPAC and discounts on TransForce
driver staffing services.
“It was important that we partnered with a company that values
customer service as much as we do,” said Jule Kreyling, senior
vice president of Omni National Bank. “This alliance between
Textron Financial and Omni National Bank not only results in savings
for the customer, but offers world-class levels of customer service.”
About Omni National Bank
Omni National Bank is a wholly owned subsidiary of Omni Financial
Services, Inc., a bank holding company headquartered in Atlanta
Georgia. Omni National Bank is a national bank headquartered
in Atlanta, Georgia and provides a full range of banking and related
services. Omni has one full service banking location in Atlanta,
one in Dalton, Georgia, four in North Carolina, one in Chicago,
Illinois, and one in Tampa, Florida. In addition, Omni has
loan production offices in Charlotte, North Carolina, Dalton, Georgia,
Birmingham, Alabama and Philadelphia, Pennsylvania. Omni
provides traditional lending and deposit gathering capabilities,
as well as a broad array of financial products and services, including
specialized services such as community redevelopment lending, small
business lending and equipment leasing, warehouse lending, and asset-based
lending. Omni Financial Services, Inc.'s common stock is traded
on the NASDAQ Global Market under the ticker symbol "OFSI." Additional
information about Omni is available on its website at www.onb.com.
About Textron Financial Corporation
Textron Financial is a diversified commercial finance company with
$10 billion in managed receivables. It has core businesses in Aviation
Finance, Asset-Based Lending, Distribution Finance, Golf Finance,
Resort Finance, and Structured Capital. Textron Financial also provides
financing programs for products manufactured by its parent company,
Textron Inc. (NYSE: TXT). Additional information about the company
is available at www.textronfinancial.com.
About Textron Inc.
Textron Inc. is an $11 billion multi-industry company operating
in 32 countries with approximately 40,000 employees. The company
leverages its global network of aircraft, industrial and finance
businesses to provide customers with innovative solutions and services.
Textron is known around the world for its powerful brands such as
Bell Helicopter, Cessna Aircraft Company, Jacobsen, Kautex, Lycoming,
E-Z-GO, Greenlee, Fluid & Power, Textron Systems and Textron
Financial Corporation. More information is available at www.textron.com.
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