Quaint Oak Bank Announces Strategic Investment in Oakmont Capital Holdings, LLC
Quaint Oak Bank Announces Strategic Investment in Oakmont Capital Holdings, LLC
SOUTHAMPTON, Pa., Jan. 11, 2021 Quaint Oak Bank, the wholly-owned subsidiary of Quaint Oak Bancorp, Inc. (OTCQB: QNTO), announced its strategic investment in Oakmont Capital Holdings, LLC, a multi-state equipment finance company based in West Chester, Pennsylvania with a second significant facility located in Albany, Minnesota.
Oakmont Capital currently operates out of eight States in order to effectively originate across the Country with a seasoned management team led by Joseph P. Leonard along with Megan J. Zoba and Daryn T. Lecy. The combination of Quaint Oak Bank’s investment in Oakmont Capital coupled with Oakmont’s existing operational capabilities, positions Oakmont to expand into a prominent national presence within the equipment finance market.