Harry J. Kaplun has been named president of Specialty Finance at Frost Bank. Kaplun, who has served as president of Frost Equipment Leasing and Finance since 2001, will expand his responsibility to the Dallas-based Frost Capital Group. In his new position, Kaplun will oversee both Frost Bank’s asset-based lending and equipment leasing and finance divisions and will be located in the bank’s Dallas region headquarters.
“With the retirement of Ed Franco, who was president of Frost Capital Group for several years, we had an opportunity to expand Harry Kaplun’s responsibilities to include the asset-based lending division,” said Pat Frost, president of Frost Bank. “With more than 30 years of industry experience, Harry has done an outstanding job of building Frost Equipment Leasing and Finance to one of the top 50 bank leasing companies.”
“While these two divisions will continue to operate separately, I am pleased to have the opportunity for closer communication and synergies going forward,” said Kaplun. “Through expanded use of Frost’s sophisticated technologies, tools and resources, we will be able to further evolve our team-selling approach and cultivate additional business.”
Frost Capital Group, which has been a part of Frost since 1994, operates statewide from offices in Dallas and Houston, providing asset-based lending and factoring. The Frost Equipment Leasing and Finance division, launched in 2001, has grown to one of the 75 largest equipment leasing and finance companies in the U.S., serving commercial clients from offices in most Frost markets.
Kaplun has developed a full range of lease products to provide customers with a variety of equipment financing options during his tenure with Frost Equipment Leasing and Finance.