FOR IMMEDIATE RELEASE: March 31, 2021
Contact: Tracey Cheek
tlc@tlcmarketingok.com
405-285-7005
Deerwood Bank Joins National Aircraft Finance Association
Edgewater, MD: National Aircraft Finance Association (NAFA) is pleased to announce that Deerwood Bank has recently joined its professional network of aviation lenders under the leadership of Ted Abear (Vice President, Business Banking) and Mike Demuth (Assistant Vice President, Business Banking).
Established in 1910 in Northern Minnesota, Deerwood’s approach isn’t “one-size-fits-all” but rather, tailored to offer unique and creative financing solutions for the borrower’s needs. While some banks tend to be more traditional, asset-based lenders, Deerwood’s focus is relationship-based with more emphasis placed on underwriting the borrower first and the asset second.
“NAFA members form a network of aviation finance services who diligently and competently operate with integrity and objectivity throughout the world. We’re excited to welcome Deerwood Bank to our growing organization as we celebrate our 50th anniversary,” said Jim Blessing, president of NAFA.
About Ted Abear:
Ted is a Business Banker at Deerwood Bank with a decade of experience assisting clients with their financing needs, focusing on aircraft lending, commercial real estate financing, equipment loans, and SBA loan programs. Away from work, Ted enjoys spending time outdoors with his wife and three kids, hunting, fishing, camping, and mountain biking. Ted’s motto is to enjoy life to the fullest, each and every day.
About Mike Demuth:
Mike is a Business Banker at Deerwood Bank specializing in aviation financing, dealer floor plans, commercial real estate, and equipment loans. For more than eight years, Mike has been helping clients achieve their financial goals. As an officer at Deerwood Bank, Mike’s decisions aren’t made “in a box,” and he doesn’t abide by the rules and guidelines of a parent company or “corporate office.” Mike works hard to find quick and creative solutions for his clients. Outside of work, you can find Mike spending time with his wife and son, watching hockey, or hacking away on the golf course.
For more information about Deerwood Bank, visit https://www.nafa.aero/companies/deerwood-bank
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About NAFA: The National Aircraft Finance Association (NAFA) is a professional association that has been promoting the general welfare of aircraft finance for 50 years. Our network of members is comprised of lenders and product service providers who work together to finance general and business aviation aircraft. NAFA sets the standard for best practices in aviation finance by educating its members with the most up-to-date industry trends and best practices. Government legislation, market influences, and industry insights allow member companies to provide the highest quality services the industry has to offer.