Maguire further added, "We're excited to partner with Mark Berch and the entire Service Finance team." They will be joining the POS lending unit of Truist's National Consumer Finance and Payments group, and remain based out of Boca Raton. Steven Hudson, CEO of ECN Capital, said, "Truist has been a long-time partner of SFC and is best positioned to build on the successes we've had over the last several years. We believe this transaction maximizes value for ECN shareholders and puts SFC in the best position to succeed in its next phase of growth."