Article: Progress Completes its Acquisition of The Equipment Leasing Company

BLUE BELL, Pa., Oct. 8 /PRNewswire/ -- Progress Financial Corporation (Nasdaq: PFNC) announced today that it has completed its previously announced acquisition of The Equipment Leasing Company, Timonium, Maryland. The Equipment Leasing Company primarily leases computer and telecommunications equipment on the East Coast of the United States. The Equipment Leasing Company has specialized in serving the small business market through direct sales contact and telemarketing for over 25 years. Management of the company will continue in their current positions after the acquisition.

Progress Bank, a subsidiary of Progress Financial Corporation, acquired the ...

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