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Rail News: Mechanical

LaSalle National Bank subsidiary enters rail-equipment leasing market


LaSalle National Leasing Corp. recently began offering railroad equipment leasing, credit and asset management services.

The company offers lease financing for most general service, 50-year interchange freight cars and select 40-year interchange cars, as well as intermodal cars, new and used four- and six-axle locomotives and switchers, and various other railroad and maintenance-of-way equipment.

LaSalle National Leasing appointed Vice President Chris Pistell to manage rail leasing activities. He has more than 20 years' experience in banking, including 10 years serving the railroad industry.

"As with every new market we enter, we researched the needs of rail-equipment users and found this community could greatly benefit from the range of services we provide," said Pistell in a prepared statement. "Because we're a subsidiary of LaSalle Bank Corp., whose parent company is the Netherlands-based ABN AMRO, we have a strong national focus on equipment leasing."

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More News from 9/1/2004