OREANDA-NEWS. September 01, 2016. Evergreen Bank Group (“Evergreen”), with the support of Polaris
Industries Inc. (“Polaris”, NYSE: PII), announced that on September 1,
2016, Evergreen will launch a new lending division, Performance Finance,
exclusively focused on the financing of Polaris motorcycle and Slingshot
products. Evergreen will operate the Performance Finance division out of
its Reno, Nevada facility, in connection with a multi-year retail
financing contract with Polaris.
Evergreen Bank Group is a premier national motorsports lender, providing
financing through its existing FreedomRoad Financial lending division.
Performance Finance’s lending program will be exclusively offered to
Polaris customers through dealers of Indian and Victory motorcycles and
Slingshot vehicles. The new division will offer Polaris dealers the
service and experience of a captive like financing structure. The
program will include aggressive finance offerings, expedited funding via
document imaging, dedicated dealer training, and financing for all other
brands of pre-owned motorcycles from authorized Polaris dealers.
“We are thrilled and honored to expand our relationship with Polaris,”
said
Darin Campbell, President and Chief Executive Officer of Evergreen.
“The company is a proven leader in the powersports industry. With our
financing expertise, we feel that we can help support Polaris’ future
growth plans, which in turn will lead to years of profitable growth for
Evergreen.”
“We are pleased to work on this endeavor with one of the very best
motorcycle lenders in the market,” said
Mike Speetzen, Executive Vice
President – Finance and Chief Financial Officer of Polaris. “We expect
Performance Finance to provide Polaris a real competitive advantage.”
About Evergreen Bank Group
Evergreen Bank Group is an Illinois-chartered bank headquartered in Oak
Brook, Illinois. Evergreen provides full-service, community and business
banking from its retail location in Oak Brook, Illinois and from a
branch office located in Evergreen Park, Illinois. Evergreen also
provides comprehensive motorsport financing from a loan production
office located in Reno, Nevada. www.evergreenbankgroup.com
About Polaris
Polaris Industries Inc. (NYSE: PII) is a global powersports leader with
annual 2015 sales of \\$4.7 billion. Polaris fuels the passion of riders,
workers and outdoor enthusiasts with our RANGER®, RZR® and Polaris
GENERAL™ side-by-side off-road vehicles; our Sportsman® and Polaris ACE®
all-terrain off-road vehicles; Victory® and Indian Motorcycle® midsize
and heavyweight motorcycles; Slingshot® moto-roadsters; and Polaris
RMK®, INDY®, Switchback® and RUSH® snowmobiles. Polaris enhances the
riding experience with parts, garments and accessories sold under
multiple recognizable brands, and has a growing presence in adjacent
markets globally with products including military and commercial
off-road vehicles, quadricycles, and electric vehicles. www.polaris.com
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