Shore Premier Finance Announces Partnership With VesselVanguard
23 June 2014 - 10:00PM
Shore Premier Finance (SPF), a direct marine lending division of
Shore Bank, announced today a new partnership with VesselVanguard,
a leading marine maintenance management solution. Effective
immediately, all new SPF consumer loans on pre-owned boats will
include VesselVanguard provisioning and a 2-year subscription to
the award winning service.
SPF was launched in May 2014 as a specialty consumer finance
unit of Shore Bank, with a focus on marine financing for US Coast
Guard documented vessels.
VesselVanguard, headquartered in Annapolis, is a cloud-based
service that provides marine maintenance management solutions
through a powerful set of features and capabilities. With services
such as Maintenance Dashboard and Task Alerts, users are able to
customize their boat profile and preferences to their specific
equipment and service needs. Also, through features such as Digital
Service Records and the Digital Ship's Log, customers can upload
and store various files related to the maintenance and repair of
their boat, and access them conveniently to maximize resale or
trade-in value. In addition, VesselVanguard is fully accessible at
any time by computer, tablet, or smartphone, through a robust and
secure system built to US Department of Defense compliance
standards.
Hervé Bonnet, President of SPF, said, "At SPF we are committed
to providing an exceptional customer experience for our boat loan
customers. We know that maintenance is an essential component
of boat ownership and we are very pleased to partner with
VesselVanguard to provide a state-of-the-art maintenance management
solution."
For more information on Shore Premier Finance please visit
www.shorepremierfinance.com.
About Shore Premier Finance
Shore Premier Finance (SPF) is a direct marine lending division
of Shore Bank, subsidiary of Hampton Roads Bankshares, Inc.
Headquartered in Baltimore, MD, SPF began with a team of seasoned
lending professionals who joined Shore Bank from a large European
bank. SPF specializes in marine financing for US Coast Guard
documented vessels to customers throughout the nation.
Caution About Forward-Looking Statements
Certain statements made in this press release may constitute
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of
1995. Forward-looking statements are statements that
include projections, predictions, expectations, or beliefs about
events or results or otherwise are not statements of historical
facts, including statements about future products, trends and
strategies. Although the Company believes that its
expectations with respect to such forward-looking statements are
based upon reasonable assumptions within the bounds of its existing
knowledge of its business and operations, there can be no assurance
that actual results, performance or achievements of the Company
will not differ materially from those expressed or implied by such
forward-looking statements. Factors that could cause actual
events or results to differ significantly from those described in
the forward-looking statements include, but are not limited to
those described in the cautionary language included under the
headings "Risk Factors" and "Management's Discussion and Analysis
of Financial Condition and Results of Operations" in the Company's
Annual Report on Form 10-K for the fiscal year ended December 31,
2013, Quarterly Report on Form 10-Q for the quarter ended March 31,
2014, and other filings made with the SEC.
CONTACT: Jennifer Rogers
Marketing Manager
Jennifer.Rogers@shorepremierfinance.com
Xenith Bankshares, Inc. NEW (NASDAQ:XBKS)
Historical Stock Chart
From Jun 2024 to Jul 2024
Xenith Bankshares, Inc. NEW (NASDAQ:XBKS)
Historical Stock Chart
From Jul 2023 to Jul 2024