Transfac Capital, Inc., has hired Joseph (Joe) Vargas as collections manager, effective November 20, 2017. Vargas has ten years of experience in commercial banking, most recently serving as collection supervisor in the dealer services department at Wells Fargo in Salt Lake City.

“I’m happy to be part of this growing team,” states Vargas. “The Transfac Capital opportunity gives me a chance to use my expertise in collections and banking in a new end-user market and bring new energy and insights to a well-respected organization. Additionally, the recent acquisition by Commercial Credit, Inc. offers additional opportunities and room for growth and development.”

“Joe brings a great deal of industry experience and discipline to the Transfac Capital team, which is very important as we grow our client base and our company. We are excited to have him join us,” notes General Manager and Senior Vice President Steve Sala.

Vargas will supervise the collections team and will report to John Thompson, VP Operations Manager.