iboats.com and Russo Financial form partnership

SALT LAKE CITY – iboats.com and Russo Marine Financial Services, Inc. have entered into a nationwide agreement offering iboats’ hundreds of affiliated boat dealers an in-house source of retail financing for their consumers, the companies reported in a statement earlier this week.

“Partnering with Russo Financial will offer our network of dealers Russo’s very targeted in-house expertise in consumer financing,” said Bruno Vassel III, president and CEO of iboats, inc.

“This is an important growth step for Russo Financial and iboats,” said Larry Russo Sr., president and CEO of Russo Marine, the financial services’ parent company. “Partnering with iboats will dramatically expand our presence online and bring additional benefits to iboats dealers. We have opened an office within iboats’ corporate headquarters in Salt Lake City, to better serve the western region of the United States.”

Russo Financial, established in 1985, also has offices in Stevensville, Md. and Boston, Mass.

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