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Main Street Bank Purchases Studebaker Worthington Leasing Corp
KINGWOOD, TEXAS, June 5 2008 - Main Street Bank of Kingwood, Texas announced today that it has closed its purchase of substantially all the assets of Studebaker Worthington Leasing Corp. Studebaker will operate as a division of Main Street Bank and continue its national equipment leasing business from its Representative Office in Jericho, New York. Studebaker's senior management, including Kenneth Paston, Chief Executive Officer, will continue with the Studebaker operation.
Tom Depping, Chairman and Chief Executive Officer of Main Street Bank, stated, With the addition of the highly dedicated Studebaker sales and marketing team, Main Street will continue to expand its national equipment leasing franchise under the Studebaker-Worthington brand. We are excited about joining forces with Ken Paston and his qualified group of equipment leasing professionals and we look forward to providing Studebaker's customers with the same high quality service they have come to expect and enjoy.
Main Street Bank, headquartered in Kingwood, Texas, is a national leader in providing equipment financing throughout the country with its largest market concentrations in California, Texas, Florida and New York. Main Street Bank's web site is www.msbanktx.com. Main Street Bank is a wholly owned subsidiary of MS Financial, Inc., Kingwood, Texas.
Submitted by:
Christine L. Kimball
Press Liaison
281- 348-2064
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