UNITED COMMUNITY BANKS, INC. Navitas Credit Corp., an industry leader in equipment financing and a wholly owned subsidiary of United Community Banks, Inc. (NASDAQ: UCBI), announces the appointment of Michael Karman to chief sales officer. In Karman's new role he will oversee the company's originations, which are poised to exceed $1B annually.
"Michael's journey with us has been exemplary, demonstrating unwavering dedication and a passion for serving our customers and partners," said Mike Bruman, chief executive officer of Navitas Credit Corp. "His remarkable ability to consistently achieve and surpass targets has solidified his reputation for excellence. Michael's leadership extends beyond impressive metrics; he is a catalyst for team success, fostering an environment where collaboration and achievement thrive. His enthusiasm and commitment to our collective goals are invaluable assets. We are confident that in his new role, Michael will continue to push boundaries and inspire us all to achieve more together."
Karman joined Navitas in 2018 as the senior vice president of sales, a pivotal time as it coincided with Navitas joining the United Community team. In this role, he initiated and led the company's new Enterprise Dealer Division, developing and supporting a larger team dedicated to vendor-driven finance programs. Following that success, Karman went on to lead the Franchise Finance team. Both divisions are now significant contributors to the company's Direct Origination platform. In 2019, Karman expanded his responsibilities to include managing Strategic Accounts, Specialty Vehicles, Healthcare Divisions, and the organization's syndication team.
Before joining Navitas, Karman held several senior positions in the industry, including co-president and chief commercial officer at Amur Equipment Finance, senior vice president at Ascentium Capital, now a division of Regions Bank and roles at AT&T Capital. His extensive experience and leadership have been invaluable to Navitas' growth and success.
Karman shares his enthusiasm for his new role, saying, "Building strong relationships is the cornerstone of any successful sales strategy. I'm honored to lead these talented teams as we continue to prioritize understanding our customers' needs and delivering exceptional, customized financing and services that set us apart. I am confident that we will exceed our growth projections and continue to be a pivotal contributor to United Community's ongoing success. Together, we will uphold the Navitas mission of providing excellent service and driving remarkable results."
Navitas currently has over 200 employees and an established sales and service presence with eight locations nationwide. In February 2018, Navitas was acquired by United Community, one of the largest full-service financial institutions in the Southeast.
About Navitas Credit Corp.
Navitas, a leading name in equipment finance, is renowned for its unwavering commitment to customer service excellence. With a foundation grounded in integrity, Navitas specializes in offering expertly tailored equipment finance solutions, drawing on a comprehensive understanding of diverse industries and assets. As a subsidiary of United Community, Navitas brings a wealth of financial resources and depth to each partnership, solidifying its position as a trusted advisor in the industry. Navitas caters to a wide spectrum of credit profiles and businesses at various levels of maturity. With 15 years of experience, the company continues to evolve, delivering purpose-driven solutions and cultivating enduring partnerships based on trust. For more information and career opportunities visit www.navitascredit.com.
About United Community Banks, Inc.
United Community Banks, Inc. (NASDAQ: UCBI) is the financial holding company for United Community, a top 100 U.S. financial institution that is committed to improving the financial health and well-being of its customers and the communities it serves. United Community provides a full range of banking, wealth management and mortgage services. As of March 31, 2024, United Community had $27.3 billion in assets, 205 offices across Alabama, Florida, Georgia, North Carolina, South Carolina, and Tennessee, as well as a national SBA lending franchise and a national equipment lending subsidiary. In 2024, United Community became a 10-time winner of the J.D. Power's award for the best customer satisfaction among consumer banks in the Southeast region and was recognized as the most trusted bank in the Southeast. In 2023, United was named by American Banker as one of the "Best Banks to Work For" for the seventh consecutive year and was recognized in the Greenwich Excellence and Best Brands Awards, receiving 15 awards that included national honors for overall satisfaction in small business banking and middle market banking. Forbes has also consistently listed United Community as one of the World's Best Banks and one of America's Best Banks. Additional information about United can be found at ucbi.com.
"Michael's journey with us has been exemplary, demonstrating unwavering dedication and a passion for serving our customers and partners," said Mike Bruman, chief executive officer of Navitas Credit Corp. "His remarkable ability to consistently achieve and surpass targets has solidified his reputation for excellence. Michael's leadership extends beyond impressive metrics; he is a catalyst for team success, fostering an environment where collaboration and achievement thrive. His enthusiasm and commitment to our collective goals are invaluable assets. We are confident that in his new role, Michael will continue to push boundaries and inspire us all to achieve more together."
Karman joined Navitas in 2018 as the senior vice president of sales, a pivotal time as it coincided with Navitas joining the United Community team. In this role, he initiated and led the company's new Enterprise Dealer Division, developing and supporting a larger team dedicated to vendor-driven finance programs. Following that success, Karman went on to lead the Franchise Finance team. Both divisions are now significant contributors to the company's Direct Origination platform. In 2019, Karman expanded his responsibilities to include managing Strategic Accounts, Specialty Vehicles, Healthcare Divisions, and the organization's syndication team.
Before joining Navitas, Karman held several senior positions in the industry, including co-president and chief commercial officer at Amur Equipment Finance, senior vice president at Ascentium Capital, now a division of Regions Bank and roles at AT&T Capital. His extensive experience and leadership have been invaluable to Navitas' growth and success.
Karman shares his enthusiasm for his new role, saying, "Building strong relationships is the cornerstone of any successful sales strategy. I'm honored to lead these talented teams as we continue to prioritize understanding our customers' needs and delivering exceptional, customized financing and services that set us apart. I am confident that we will exceed our growth projections and continue to be a pivotal contributor to United Community's ongoing success. Together, we will uphold the Navitas mission of providing excellent service and driving remarkable results."
Navitas currently has over 200 employees and an established sales and service presence with eight locations nationwide. In February 2018, Navitas was acquired by United Community, one of the largest full-service financial institutions in the Southeast.
About Navitas Credit Corp.
Navitas, a leading name in equipment finance, is renowned for its unwavering commitment to customer service excellence. With a foundation grounded in integrity, Navitas specializes in offering expertly tailored equipment finance solutions, drawing on a comprehensive understanding of diverse industries and assets. As a subsidiary of United Community, Navitas brings a wealth of financial resources and depth to each partnership, solidifying its position as a trusted advisor in the industry. Navitas caters to a wide spectrum of credit profiles and businesses at various levels of maturity. With 15 years of experience, the company continues to evolve, delivering purpose-driven solutions and cultivating enduring partnerships based on trust. For more information and career opportunities visit www.navitascredit.com.
About United Community Banks, Inc.
United Community Banks, Inc. (NASDAQ: UCBI) is the financial holding company for United Community, a top 100 U.S. financial institution that is committed to improving the financial health and well-being of its customers and the communities it serves. United Community provides a full range of banking, wealth management and mortgage services. As of March 31, 2024, United Community had $27.3 billion in assets, 205 offices across Alabama, Florida, Georgia, North Carolina, South Carolina, and Tennessee, as well as a national SBA lending franchise and a national equipment lending subsidiary. In 2024, United Community became a 10-time winner of the J.D. Power's award for the best customer satisfaction among consumer banks in the Southeast region and was recognized as the most trusted bank in the Southeast. In 2023, United was named by American Banker as one of the "Best Banks to Work For" for the seventh consecutive year and was recognized in the Greenwich Excellence and Best Brands Awards, receiving 15 awards that included national honors for overall satisfaction in small business banking and middle market banking. Forbes has also consistently listed United Community as one of the World's Best Banks and one of America's Best Banks. Additional information about United can be found at ucbi.com.
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United Community Banks Inc. published this content on 01 July 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 July 2024 15:48:34 UTC.
