First Financial Bancorp announced the promotion of Brad Ringwald as its new President of Corporate Banking. The group of Corporate Banking provides asset-based lending, equipment financing, international banking, Small Business Administration lending and treasury management. Recently, Cincinnati’s second-largest locally based bank also revealed that it added cash flow management and mezzanine lending to its list of services.
Ringwald has 18 years of experience in commercial banking and he served as Asset-Based Lending Senior Auditor and other top management positions in different national banks. He joined First Financial as its First Vice President in 2006. In First Financial, he assisted in the creation of the bank’s specialty finance group in 2011 and since then, he’s been its president. The group was created in line with the bank’s expansion of its specialty finance group to become a broader corporate banking group.
Meanwhile, the mezzanine lending products allowed First Financial to provide loan products based on cash flow to businesses involved in making acquisitions. Target clients included buyers of one generation transferring a company to the next generation, management buyouts when there is no next generation to take over the company, and businesses seeking growth capital through acquisitions.
Ringwald was a graduate of Bachelor of Science with a degree in Accountancy from the Miami University. He obtained the Ohio license as a Certified Public Accountant in 1998.
About First Financial Bancorp
First Financial Bancorp is a regional bank headquartered in Cincinnati, Ohio. It has been in the banking business for 150 years, and operates more than 100 banking centers in Ohio, Kentucky, and Indiana. First Financial has $6.4 billion in assets and is second only to Fifth Third Bancorp in size among other Cincinnati-based banks.