ABL

Federal National Names Fraser as Senior BDO

By Joyce C. Dimaculangan

Federal National Commercial Credit announced that Ron Fraser has joined the business as Vice President, Senior Business Development Officer. Fraser has more than 25 years of experience in banking and commercial finance, with over 15 years in factoring and asset-based lending in the Northeast. He is based in Worcester, Massachusetts.

Ron Fraser Federal National Commercial CreditFraser has held top leadership roles at various public and private banks and commercial finance companies. His roles focused on new business development and building relationships with referral partners.

Prior to joining Federal National, he served as an Affiliated Consultant at Northeastern Banking Services Group for more than six years. Before that, he worked at Republic Business Credit, Hamilton Capital Resources, and FISI Madison Financial.

His experience with rapid growth companies over the years gave him insight in developing solutions and strategies to improve cash flow for growth. His expertise includes asset-based lending, business development, and commercial lending.

“I am very excited to have Ron as part of Federal National. He will be a great addition as the company continues to expand its new business origination team,” said Andy Osborn, National Sales Manager.

Fraser is a graduate of Assumption College. In addition to his banking career, he is actively engaged in the community. He is a member of the Turnaround Management Association and the Venture Forum. He also serves as the Vice President for the Worcester Rotary Club and is a Director for the 365Z Foundation.

About Federal National Commercial Credit
Federal National Commercial Credit specializes in providing short-term working capital through accounts receivable financing to government contractors and other small businesses that may not qualify for traditional banking. The company was founded in 1992 and is based in Bethesda, Maryland. Additional information is available at www.federalnational.com.

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GCBC Hires Talton as VP, BDO

By Joyce C. Dimaculangan

Gulf Coast Business Credit welcomes Jeremy Talton as Vice President, Business Development Officer for the Houston, Texas market. Talton brings more than two decades of experience in the financial service industry to GCBC.

Jeremy Talton Gulf Coast Business CreditThroughout his career, he held senior management roles at several banking institutions, giving him a strong background in personal, business, commercial, and investment banking.

Prior to joining GCBC, Talton served as Vice President, Commercial and Healthcare Lending at Mercantil Commercebank N.A.

Previously, he was a Senior Vice President at Plains State Bank, and a Vice President at Coamerica Bank. He also spent ten years at Wells Fargo as a Vice President in the Business Relationship, and Private Banking divisions.

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Nations EF Expands Presence in Central U.S.

By Joyce C. Dimaculangan

Nations Equipment Finance welcomes Robert Lewis as Vice President, Business Development. In this capacity, Lewis will be responsible for the company’s lease and origination activities in Colorado, Kansas, Minnesota, Nebraska, and Oklahoma. He will be based at the company’s office in Los Angeles, California.

Robert Lewis Nations Equipment FinanceLewis brings more than 10 years of experience in the financial services industry, five years of which were spent in equipment finance, in his new role.

Before joining Nations, he served as National Account Manager at First National Corporation in Foothill Ranch, California. He also worked at Atlantis Trading Corporation as President for three years.

“I am really excited to come on board and be with a true direct lender. Nations has a strong team and a streamlined decision making process which will help me to better serve my clients,” Lewis commented.

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ExpoCredit Hires Chefec as Business Devt Director

By Joyce C. Dimaculangan

ExproCredit announced that Joshua H. Chefec has joined the business as Assistant Vice President. In this capacity, Chefec is responsible for driving new business development for the Northeast region. He is based at the company’s office in Manhattan.

Joshua Chefec ExpoCreditPrior to joining ExpoCredit, Chefec served as the Assistant Vice President and before that, as a sales associate at FGI Capital.

With FGI, he originated, structured, and executed capital raising transactions to support leveraged buyouts, recapitalizations, and refinances through placement of senior debt, subordinated & hybrid products, unsecured debt, and asset-based loans with deal sizes up to $100 million.

Previously, he worked with Morgan Stanley Smith Barney in New Orleans and Wells Fargo Advisors, and served as a Summer Analyst for J.P. Morgan Securities in New York.

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Allin Joins Triumph Commercial Finance as SVP

By Joyce C. Dimaculangan

Triumph Commercial Finance announced that James “Jim” Allin has joined the business as Senior Vice President. In this capacity, Allin will lead the company’s asset-based lending and commercial factoring business.

James Allin Triumph Commercial FinanceAllin brings over three decades of experience in banking and financial services to his new role. Before joining Triumph, he served as a Senior Vice President at Bank of America Business Capital.

Throughout his career, he has held various executive management roles in several financial institutions, including as Senior Vice President – Area Manager, RBS Business Capital at Citizens Financial Group and Business Development Officer at Bank of America Business Capital. His experience also includes working at GE Commercial Finance, Fleet Capital Corporation, and The CIT Group/Business Credit, Inc.

Triumph looks forward to having Allin on board. Dan Karas, Chief Lending Officer at Triumph Savings Bank, SSB, said Allin’s wealth of experience in asset-based lending will be beneficial to the organization and the businesses they serve.

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LCA Financial Hires Woodring as BDO

By Joyce C. Dimaculangan

LCA Financial, a division of the LCA Group, announced that Scott Woodring has joined as a Business Development Officer for the group. In this capacity, Woodring will focus on developing and managing origination relationships with lessors, brokers and banks nationwide.

LCA solid green90%-logo-horiz_tagline no swooshWoodring has over 17 years of experience in the equipment finance industry. His expertise includes business development, sales operations, direct sales, and account management.

Prior to joining LCA Financial, Woodring served as a Business Development Account Manager at Lease Team, Inc., a provider of software solutions for the financial services industry. He was responsible for growing existing customer relationships and offering additional product and services to solve business problems.

Throughout his career, he has held leadership positions in increasing responsibilities. His experience includes serving as Territory Manager at AXIS Capital, National Accounts Manager at Heartland Commercial Finance, and Vice President at Dakota Financial, LLC.

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FGI Promotes Fulman to Underwriting Executive

By Joyce C. Dimaculangan

FGI has promoted Chris Fulman to Director of Underwriting. In this capacity, Fulman will be responsible for assessing companies and their eligibility for funding within FGI’s credit guidelines and procedures.

Chris Fulman FGIFulman brings more than ten years of experience in international commercial finance to his new role. His background is beneficial to his new position where he will evaluate complex opportunities and deliver competitive solutions.

According to David DiPiero, President and CEO of FGI, “Chris has helped build our company from the very beginning and has proven that he has the vision, skills and drive to be a key part of our continued growth and success.”

Prior to his promotion, Fulman served the company as Vice President of Business Development for more than nine years. As VP, he was in charge of developing relationships and bringing new opportunities to the group. His expertise includes asset based lending, corporate finance, and commercial lending.

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Investors Bank Names Cirelli VP, Business Devt

By Joyce Dimaculangan

Investors Bank has appointed Sam Cirelli as Vice President, Business Development Executive of the Asset-Based Lending Group. In this capacity, Cirelli will be in charge of originating loans in the $3 million to $15 million range with small to mid-size companies located in the Northeast. He will be based in New York and will be reporting to Investors’ Head of Asset Based-Lending (ABL) David Viggiano.

Sam Cirelli Investors BankCirelli brings more than 25 years of experience in asset-based financing, loan origination, and portfolio management to his new role. He comes to Investors with many established relationships with middle market companies.

Before joining Investors, Cirelli was Founding Member at Northern Lights Partners, which he founded to provide debt and capital advisory solutions to mid-market businesses with revenues between $5 million and $100 million.

Previously, he served as Founder and Head of ABL and Loan Originations at the Royal Bank of Scotland and LBI hf. (formerly Landsbanki Íslands hf.). In addition, he held top leadership roles at HSBC, Wells Fargo Capital Finance, GMAC, and CIT Group.

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Marquette Hires Collins VP of Sales

By Joyce Dimaculangan

Marquette Commercial Finance is pleased to announce that Lynn Collins has joined the business as a Vice President of Sales. In this capacity, Collins will be responsible for loan origination in the Southeast region in the United States. She will be based in the company’s office in South Carolina.

Lynn Collins Marquette Commercial FinanceCollins has more than 20 years of experience in the finance industry. Prior to joining Marquette, she was with Amerisource Funding, Inc. for 13 years. She last served Amerisource as SE Regional Market Manager.

Previously, Collins served BB&T Business Credit as a Vice President, Business Development where she assisted in the start up of the company’s Recourse Factoring Program, which consisted of partnering with bank branches across the SE Region. In addition, she has worked at LSQ Funding Group, Capital Factors, Bank of America, and Bank of Boston.

“We are extremely pleased to have added Lynn to our marketing team. She is a well-respected, results oriented industry veteran,” said Diane P. Reed, Marquette National Sales Manager.

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Associated Names Vitek SVP, Head of Business Devt

By Joyce Dimaculangan

Associated Bank is pleased to welcome Douglas Vitek as its new Senior Vice President, Head of Business Development with the ABL group. In this capacity, Vitek will manage the company’s team of asset-based business development officers, and will be responsible for all aspects of Associated Bank’s ABL originations.

Douglas Vitek Associated BankVitek has more than 25 years of corporate banking experience focusing on asset-based and leveraged lending to middle market and large corporate clients across the Midwest.

Throughout his years in the industry, Vitek has shown a strong track record of success at sourcing and closing commercial loans.

Prior to joining Associated, Vitek served as Managing Director at NXT Capital where his team enhanced the company’s ability to support and expand relationships with investment banks, intermediaries, advisors and other parties that serve the middle market.

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