Dynapac North America and First Citizens Bank Launch New Vendor Finance Agreement

Core Insights - Dynapac North America LLC has entered into a vendor finance agreement with First Citizens Bank Equipment Finance to offer leasing and lending solutions for road construction equipment [1][3]. Company Overview - Dynapac, based in Fort Mill, South Carolina, is a global manufacturer specializing in road construction and compaction equipment, including asphalt rollers, pavers, and feeders. It is a subsidiary of the French Fayat Group [2]. Agreement Details - The new financing agreement aims to support Dynapac's dealer network and distributors in acquiring road-paving equipment, enhancing the efficiency and cost-effectiveness of road construction, maintenance, and repair operations [3]. - The collaboration is expected to provide flexible financing options for dealers and customers, facilitating the acquisition of necessary equipment for business growth [4]. Financial Services Overview - First Citizens Bank's Equipment Finance group focuses on empowering original equipment manufacturers and small to mid-size businesses by offering tailored equipment financing solutions through a comprehensive sales coverage model and advanced technology platforms [4].