Paragon Bank appoints new Chief Financial Officer for Commercial Vehicle Dealerships

Paragon Bank has appointed Yolande Eastwood as Head of Commercial Vehicle Dealer Finance, responsible for managing the Southern England and Wales regions.

Yolanda’s appointment will see Paragon seek new and used truck and LCV dealers while maintaining relationships, the company said.

The role combines support and development of financing options, helping dealers sell more units.

Eastwood will report to Dale Trenam, transportation manager at Paragon SME Lending. He said: “I am delighted to welcome Yolande to our transport team. Yolande specializes in business development and account growth in the commercial vehicle dealership world.

“Our dealer financing strategy has been well received in the market following its launch in January, with several major new dealer group agreements now in place from a permanent start.

“There is a real opportunity for growth in the coming years, with Yolande at the helm in the south of England and Wales.”

Yolande joins Paragon from Blue Motor Finance, where she was Senior Area Sales Manager, and prior to that worked at DealTrak where she was Business Development Manager.

Paragon said it created the position earlier this year to support commercial vehicle dealerships across the country, as well as their suppliers.

The team is focused on providing a secondary financing option for commercial vehicle dealers to supplement manufacturers’ financing options, he said.

Earlier this year, Jamie Thompson was named Dealer CFO for the Northern Region.

Commenting on his appointment, Eastwood said: “I am absolutely delighted to have joined Paragon Bank.

“The great culture and product offering will help commercial vehicle dealerships deliver a value proposition and service to their customer base.

“I look forward to meeting many other dealers and sharing what we do here at Paragon Bank.”

Last month (June), Paragon Bank’s Motor Finance division and Peter Vardy-backed Car Money announced that they had both seen their retail lending soar in the first half of their financial years.

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