Category Archives: Capital‐Movements
TD Bank announced that it has promoted Gregory B. Cieslik to Vice President, Senior Relationship Manager in Commercial Lending in its Turnersville office in New Jersey. In his new role as VP, Mr. Cieslik is in charge of managing existing relationships and growing a commercial loan portfolio in the greater Philadelphia area. He will provide commercial lending solutions to clients in a wide range of industries and develop business relationships primarily focusing on loan facilities, cash management, and trade with existing and potential clients.
Mr. Cieslik has 17 years of experience in commercial banking and lending. He joined TD Bank in 2000 as Credit Manager, and then later served as Equipment Finance Regional Manager. Prior to his promotion, he served as Relationship Manager for the Bank. Before TD Bank, Mr. Cieslik worked at Commerce Bank as Vice President and at PNC Bank as Credit Analyst.
A native of Clementon and a resident of Marlton, Mr. Cieslik is a member of the South Jersey Bankers Association, the South Jersey Chamber of Commerce and the Gloucester County Chamber of Commerce.
Mr. Cieslik holds both an MBA in Finance and a Bachelor of Science degree in Business Administration and Management from Rider University.
About TD Bank
TD Bank is one of the 10 largest banks in the US providing a full range of products and services to more than 8 million customers. Headquartered in Cherry Hills, New Jersey, the bank is a national banking institution which offers banking, insurance, brokerage, and investment banking services. It offers a variety of products and services to millions of individual customers and businesses for all sizes. It operates 1,300 locations in several states including Connecticut, Delaware, Florida, and Washington D.C. For more information, visit the bank’s website at www.tdbank.com.
ExpoCredit, a global specialty firm, announced that Cynthia K. Basolo was named Vice President/Business Development Officer. Basolo will oversee the Pacific Northwest region – covering the states of Colorado, Idaho, Montana, North & South Dakota, Oregon, Utah and Washington.
Basolo is a business development manager with more than four years of proven success in sales of account receivables financing and she has 25 years of experience in the alternative finance industry. Throughout her years in the industry, Basolo has been known as a top producer and effective manager, designed and deployed a $3 million dollar computer system for one company, and established a 95 percent customer retention rate for another firm.
Prior to joining ExpoCredit, Basolo worked for CKB Capital in Gresham, Oregon as business development broker where she was in charge of forging relationships with referral sources and working with potential clients to understand their financing needs. In addition, she held various senior positions with Porter Capital Corp., LSQ Funding Group, and Textron Financial/Systran Financial.
Basolo is excited with her new role in ExpoCredit. She revealed that, “It’s energizing to now leverage my experience and skill sets in this new position with ExpoCredit, a company focused on strategic growth and bringing quality financial products and services to the marketplace.”
She earned her Bachelor of Science degree in Business Marketing and Management from The University of Montana in Missoula.
Founded in 2000 and headquartered in Miami, Florida, ExpoCredit is a financial services firm specializing in providing working capital financing to domestic and international companies in need of immediate cash flow. It caters primarily to small to medium sized businesses with annual sales ranging from $1 million to over $1 billion. For more information, visit www.expocredit.com.
Southeast Capital & Finance announced that Jerry Quiriconi is the new Vice President of Transportation Finance. In this new role, Quiriconi will provide financing solutions to the commercial truck market with a variety of finance and lease programs. He will be based in the company’s office in Stratford, Connecticut.
Quiriconi brings over 35 years of experience in the corporate fleet lease and commercial finance business. Prior to joining Southeast Capital, he served as Business Development Manager at Engs Commercial Finance. In this capacity, he successfully provided lease and finance products to clients in the Northeast region, including New Jersey and New England. In addition, he held various senior positions at Hitachi Capital America Corp., AT&T Capital Corp., and World Omni Financial. Throughout his career, he acquired extensive experience in the sales and marketing of fleet lease and indirect dealer finance and leasing, as well as re-marketing and operations.
Southeast Capital looks forward to having Quiriconi with the team. In a statement, Jay Barber, President and CEO of Southeast Capital, said, “We are excited to have Jerry as part of our management team and to lead our transportation group. His vast experience and knowledge of the industry is second to none.”
About Southeast Capital & Finance
Southeast Capital & Finance, LLC, provides financing and commercial mortgage banking and brokerage services to companies throughout the United States. It specializes in energy and lighting retrofit lease financing. The company’s clients include top electrical distributors in the country and it has partnered with one of the largest international electrical distributors to provide their customers financing options. Additional information can be found at www.southeastcapital.net.
By Joyce Dimaculangan
ICBA Independent Banker®, the award-winning magazine of the Independent Community Bankers of America (ICBA) and a number one source for community banking news, named Dan Ravenscroft, Regional Vice President of Royal Bank in Elroy, as Outstanding Lender for 2014.
Ravenscroft is one of the eight outstanding community bank lenders who represent the best of community banking. Banking peers nominated the eight community bankers based on their knowledge, professionalism and integrity in serving individuals, families, nonprofit organizations and small businesses throughout their communities.
“Dan emulates what it means to be a community banking lender,” commented Jack Heding, Royal Bank president. He added that, “He is deeply invested in cultivating the customer relationship and finding viable financial solutions to meet specific customer needs.”
Ravenscroft feels much honor in being recognized as an outstanding lender by ICBA Independent Banker magazine. He said, “It’s humbling to be recognized among great leaders in the community banking industry.”
According to Heding, their customers leave Ravenscroft’s office with an experience. He revealed that, “It doesn’t matter the size of the deal. When people walk out of Dan’s office, they feel like they’ve been treated as if their deal is the only deal he has.” Ravenscroft is deeply involved in cultivating customer relationships and finding financial solutions to meet the specific needs of each customer.
About Royal Bank
Royal Bank, with assets of $320 million, is a full-service community bank operating 15 offices serving the rural and small-town areas of south and central Wisconsin. It is a wholly owned subsidiary of Royal Bancshares, Inc. For more information, visit www.royalbank-usa.com.
Nations Equipment Finance welcomes commercial financing veteran Jeremy Borkowski as Senior Vice President of Business Development. As SVP, he will be in charge of Nation’s lease and loan originations in Delaware, Maryland, Pennsylvania and Virginia.
Borkowski brings more than 20 years of experience. Prior to joining Nations, he served GE Energy Financial Services in various positions for 19 years and most recently, held the position of Senior Vice President. He also worked at ITT Capital Finance, Barnett Bank, and Continental Bank.
The new SVP is excited to work with the experienced leadership team at Nations. “I was drawn to their proven track record of success and reputation for a solid deal execution. With their well-defined value proposition targeted at an under-served segment of the equipment finance market I am sure we can help many businesses in Delaware, Maryland, Pennsylvania and Virginia,” Borkowski said.
Nations looks forward to having Borkowski on the team. “His deep knowledge of equipment financing and the Mid-Atlantic market will be a tremendous asset to our sales organization and our client’s growth,” commented Ed Stolarski, Executive Vice President of Nations Equipment Finance.
Borkowski earned his Bachelor of Science degree in Finance from Saint Joseph’s University in Philadelphia.
About Nations Equipment Finance
Nations Equipment Finance is a commercial finance company providing equipment financing solutions to small- and medium-sized businesses in the United States and Canada. The company was founded in 2010 and is based in Norwalk, Connecticut with sales offices in New York, Dallas, and Chicago. To learn more about Nations, visit www.nationsequipmentfinance.com.
By Joyce Dimaculangan
Bibby Financial Services recently announced that former HSBC Corporate Invoice and Equipment Finance Director Kevin Craven has joined the business as Corporate Sales Director. He will take charge of BFS’ corporate team of 11, with plans to boost this number over the coming months. The corporate team has developed opportunities for larger transactions and businesses requiring in excess of £1 million funds-out. Mr. Craven reports to UK Sales Director Dave Golding.
Mr. Golding disclosed that Mr. Craven’s appointment is part of BFS’ expansion strategy in the corporate finance market. He said, “Kevin’s an experienced senior executive with substantial knowledge and understanding of invoice finance and asset-based lending. I’m delighted to welcome him to BFS at a time when we are growing our market-share in larger-ticket transactions.”
Mr. Craven has more than 20 years of experience in the finance sector, and during his tenure at HSBC, he was responsible for growing the company’s invoice finance and asset-based lending by 450% through new business acquisition and customer service.
He is excited to join the BFS team. “I have been incredibly impressed with the flexibility and speed with which the team can deliver customer centric solutions. I see this as a great opportunity to work with the corporate finance community and to demonstrate our capabilities in this space,” Mr. Craven said.
About Bibby Financial Services
Bibby Financial Services is a worldwide market leader in cash flow solutions for small- to medium-sized companies. The company operates a network of 46 locations, including offices in ten North American cities and 15 countries around the world such as France, Sweden, Hong Kong, and Singapore. Bibby Financial Services is a subsidiary of a 207-year-old privately held company based in the United Kingdom. For more information, go to www.bibbyfinancialservices.com.
By Joyce Dimaculangan
Union Bank announced that David Lerner has joined its Business Banking group in Bellevue as Regional Vice President for the Pacific Northwest. In his new role, Mr. Lerner is responsible for managing business development, portfolio management, client experience and training for the Pacific Northwest teams.
Prior to joining Union Bank, Mr. Lerner served as Chief Lending Officer for Coastal Community Bank. He also held senior sales and credit positions at Wells Fargo, Washington Mutual, Greater Bay Bancorp and Viking Bank.
About Union Bank
Founded in 1864 and headquartered in New York City, Union Bank is a full-service bank operating 398 retail branches in California, Oregon, and Washington, and employs more than 10,000 employees. In addition, the Bank also operates commercial branches in Dallas, Houston, New York City and Chicago, as well as two international offices.
Its foundation is built on five lineages; three originate in California and two in Japan. It provides a wide range of corporate, commercial, retail banking and wealth management solutions to meet the needs of customers. The Bank also offers an extensive portfolio of value-added solutions for customers, including investment banking, personal trust, capital markets, global treasury management, transaction banking and other services.
As of March 31, 2014, the Bank has assets of $106.7 billion (USD) and it has strong capital reserves, credit ratings and capital ratios relative to peer banks. Union Bank is a member of one of the world’s largest financial organizations, Mitsubishi UFJ Financial Group. In 2014, DiversityInc recognized Union Bank as one of the Top Ten Regional Companies for Diversity. To learn more about Union Bank, visit the company’s website at www.unionbank.com.
By Joyce Dimaculangan
Blue Bridge Financial announced that Matthew Bona has joined the company as Credit Manager. He brings more than seven years of experience within the industry. In his new role, Mr. Bona will oversee credit decisions for small business borrowers. While managing the credit review process, he will also oversee members of the credit analysis team.
Prior to joining Blue Bridge Financial, Mr. Bona was an Account Manager at Westlake Financial Services. He also gained experience as a Portfolio Manager at M&T Bank’s Auto Floor Plan Division and as a Tax Consultant at Tax Technologies.
Mr. Bona is excited to work with his new team at Blue Bridge Financial and develop working relationships with credit originators. “I am looking forward to interacting directly with our established group of clients and the opportunity for extending relationships to new outside originators. I am excited to have joined a successful company that is committed to first-rate service and continual growth within the specialty finance industry,” commented Mr. Bona.
Blue Bridge Financial President Brian Gallo disclosed that they are adding depth and talent to the company’s equipment processing capabilities in order to better serve small business and financial clients and partners.
Mr. Bona holds an MBA in Business from the State University of New York at Buffalo and has obtained a Bachelor of Science degree in Accounting, with a concentration in Finance, from Canisius College.
About Blue Bridge Financial, LLC
Headquartered in Buffalo, New York, Blue Bridge Financial, LLC, is a leading provider of equipment finance solutions to small business borrowers and financial institutions on a national basis. Its unique turnkey equipment finance solution provides for seamless small business loan sourcing, underwriting, funding and management of community bank equipment loan programs. For more information, go to www.bluebridgefinancial.com.
By Joyce Dimaculangan
Tri-State Regional President for First Niagara Financial Group, Cathie A. Schaffer, announced the addition of Michael M. Dwyer as Senior Vice President, Corporate Banking serving Westchester County and the Hudson Valley, southern Connecticut and metropolitan New York markets. In this new role, Mr. Dwyer will be responsible for generating middle market financing opportunities with area companies of $25 million or higher in gross annual revenues. He will report to Robert A. Cerminaro, Senior Vice President and Market Executive of Corporate Banking for the tri-state region.
Ms. Schaffer said Mr. Dwyer is an extremely accomplished lending professional with proven track record and deep roots in the tri-state market. He brings 28 years of experience in middle market and mid-corporate commercial banking. Prior to First Niagara, Mr. Dwyer served JPMorgan Chase as SVP, Senior Banker for 10 years, serving the company’s Middle Market which includes Westchester and Connecticut markets. Before that, he spent 18 years with Bank of America, serving the middle market needs of companies in New York City, Westchester and Connecticut.
Mr. Dwyer holds an M.A. from Columbia University and his B.A. from SUNY Albany. He resides in Katonah, New York with his wife and two children.
About First Niagara Financial Group
First Niagara Financial Group, Inc. operates as the bank holding company for First Niagara Bank, N.A. that provides retail and commercial banking, and other financial services to individuals, families, and businesses. It is a multi-state community-oriented bank with approximately 410 branches, $38 billion in assets, $28 billion in deposits, and approximately 5,800 employees providing financial services to individuals, families and businesses across New York, Pennsylvania, Connecticut and Massachusetts. For more information, go to www.firstniagara.com.
By Joyce Dimaculangan
TD Bank, America’s Most Convenient Bank®, welcomes Keith Pike as he joins the Bank as Vice President, Relationship Manager in Government Banking. He will be based in Concord, New Hampshire. In this role, Mr. Pike will be responsible for managing and overseeing banking relationships, including cash management, credit and depository, serving municipal entities and clients throughout New Hampshire and Vermont.
Mr. Pike brings 14 years of experience in banking and financing, with the last eight years spent in government banking. Prior to joining TD Bank, he served various executive positions at Citizens Bank in Manchester, New Hampshire, the most recent as Vice President. He was with Citizens Bank for more than 13 years.
Mr. Pike is a resident of Weare, New Hampshire. He serves as a member of the NH Government Finances Officers Association and the NH Association of School Business Officials. He is a 1995 graduate of the University of New Hampshire in Durham.
About TD Bank
TD Bank, America’s Most Convenient Bank®, is one of the 10 largest banks in the US providing a wide range of products and services to more than 8 million customers. Headquartered in Cherry Hills, New Jersey, the bank is a national banking institution which offers banking, insurance, brokerage, and investment banking services. It provides a full range of retail, small business and commercial banking products and services to millions of individual customers and businesses for all sizes. It operates 1,300 locations in several states including Connecticut, Delaware, Florida, and Washington D.C. For more information, visit the bank’s website at www.tdbank.com.