ABL

KeyBank Business Capital Adds Pugliesi as SVP

By Joyce C. Dimaculangan

KeyBank Business Capital announced the addition of Ben Pugliesi as Senior Vice President to its Midwest asset-based lending team. As SVP, Pugliesi will work with businesses located in Michigan, northern Indiana and northwest Ohio from his base in Southfield, Michigan.

Ben Pugliesi KeyBank Business CapitalMost recently, Pugliesi served as Senior Vice President at PNC Business Credit. Before that, he was a director of the automotive group for GMAC Commercial Finance LLC. He also was president and owner of a home care business.

“We’re excited to add Ben to our growing asset based lending team,” said Laurie Muller-Girard, National Director at KeyBank Business Capital. “Ben can draw on his extensive banking experience as well as his experience as a business owner to help our customers with ABL solutions.”

“I am impressed with KeyBank’s commitment to servicing middle market companies and excited to be a part of the continued expansion of Key’s commercial banking team in Michigan,” commented Pugliesi.

Read More More

Share This
Twitter LinkedIn Digg Reddit StumbleUpon  

Citizens Hires Lawrence Ridgway as SVP

By Joyce C. Dimaculangan

Citizens Commercial Banking announced that Lawrence Ridgway has joined the business as Senior Vice President in its Business Capital division. In his new role, Ridgway is responsible for originating and structuring asset-based loans for public, private and PE sponsor-owned companies with $100MM+ of annual revenue.

Lawrence Ridgway Citizens Commercial BankingWith more than 20 years of banking experience, Ridgway specializes in working with companies that operate in seasonal or cyclical industries, whose liquidity, earnings, and cash-flow are subject to high variability.

Prior to joining Citizens, he served as SVP at US Bank, where he closed eight transactions representing $470MM in commitments within his two-year tenure. Before that, he was with Morgan Stanley as Executive Director, Credit Risk Management; and as Vice President at GE Capital for nine years.

“Larry is well-respected in the business community and has great experience in the Chicago market,” said Steve Woods, Head of Corporate Banking for Citizens Commercial Banking. “We have a strong corporate banking team in Chicago and are excited to have him join us.”

Read More More

Share This
Twitter LinkedIn Digg Reddit StumbleUpon  

Sterling Hires Geisel President, Specialty Finance

By Joyce C. Dimaculangan

Sterling National Bank announced the hiring of Thomas X. Geisel as Executive Vice President and President of Specialty Finance. In this capacity, Geisel will lead the Bank’s specialty finance teams which include ABL, factoring and trade finance, payroll finance and equipment finance. In addition, he will be responsible for leading the commercial banking team based in Manhattan.

Thomas Geisel Sterling National BankPrior to joining Sterling, Geisel served as a Managing Partner at Templar Ventures, a merchant bank in New Jersey that focuses on investing in privately held and growth-oriented small and middle market companies.

Previously, he was the President and Chief Executive Officer at Sun Bancorp, Inc., where he stabilized and rebuilt $3.6B assets from 2008-2013.

He also spent nine years with KeyCorp, serving various leadership roles, including as President of KeyBank’s Northeast Region, which comprised nine districts across New York, New Jersey, New England and Florida, with assets of approximately $20 billion and revenue exceeding $550 million.

Read More More

Share This
Twitter LinkedIn Digg Reddit StumbleUpon  

Crestmark Names Sean Campbell Vice President/BDO

By Joyce C. Dimaculangan

Crestmark announced that Sean Campbell has joined the business as Vice President, Business Development Officer. In his new role, Campbell will assist in expanding Crestmark’s presence and financing opportunities for the transportation industry. He will be based in Benton, Arkansas and will report directly to Crestmark Transportation Services Division president, Heath Holdbrooks.

Sean Campbell Crestmark Transportation ServicesThe addition of Campbell strengthens Crestmark’s commitment in supporting the transportation industry. The company’s office in Franklin, Tennessee employs a team of experienced professionals in the industry who work to provide financial solutions for small- and medium-sized transportation business in the country.

Before joining Crestmark, Campbell served as Business Development Officer at Bibby Transportation Finance, where he joined the company’s freight bill funding division, servicing the Arkansas region.

Prior to that, he worked as a Sales and Marketing Administrator for BTF in Nashville, Tennessee. During his nearly eight-year tenure, he was recognized as a top performer. Previously, he worked in sales at a financial services consulting company, Arklatex Specialty in Delight, Arkansas.

Read More More

Share This
Twitter LinkedIn Digg Reddit StumbleUpon  

Bibby Financial Names Barry Kastner as EVP, ABL

By Joyce C. Dimaculangan

Bibby Financial Services announced that Barry Kastner has joined the business as Executive Vice President, Asset-based Lending. In his new role, Kastner will work with an experienced team of professionals to provide financial solutions to middle market and larger businesses based on those companies’ accounts receivable, inventory equipment and real estate.

Barry Katsner Bibby Financial ServicesKastner brings 38 years of experience in commercial banking and asset-based lending to Bibby Financial. Most recently, he served as Executive Vice President at Siena Lending Group LLC.

His previous experience includes over 30 years with Wachovia Capital Finance, which was the successor to Congress Financial Corporation, where he served as EVP and CEO. In addition, he held senior leadership roles at TD Bank, Keltic Financial, and Salus Capital.

A highly seasoned ABL veteran, Kastner has received industry honors, including the Distinguished Achievement Award in Banking and Finance from B’Nai B’rith International, and the National Jewish Health Humanitarian Award at the New York Financial Industries Dinner. He also served as a past president of the New York Chapter of the Commercial Finance Association.

Read More More

Share This
Twitter LinkedIn Digg Reddit StumbleUpon  

Loeb Term Solutions Hires Eric Grozenski as BDO

By Joyce C. Dimaculangan

Loeb Term Solutions is pleased to announce that Eric Grozenski has joined the company as its newest Business Development Officer. In this capacity, Grozenski will be working with customers throughout Michigan, Ohio and Indiana providing equipment-based financial solutions. He joins a team focusing on expanding Loeb’s equipment-based lending portfolio and will be based out of the company’s office in Detroit, Michigan.

Eric Grozenski Loeb Term SolutionsGrozenski has more than five years of experience in asset-based lending and factoring in the industrial marketplace. Prior to joining Loeb, he was an Assistant Vice President, Sales and Marketing at RMP Capital Corporation, a domestic and international provider of factoring and purchase order financing.

Previously, he served as President at MarketConnection Financial where he helped companies get financing when they couldn’t qualify for traditional bank loans. He also was an intern at Kelly Services, Integrity Wealth Consultants, and Project 12 Baskets.

“Eric’s addition to the team comes at a time of considerable growth for the company,” said Jim Newman, Loeb Term Solutions Managing Partner. “In the past 18 months, Loeb Term Solutions experienced significant growth in our lending portfolio and we are expanding our team as well.”

Read More More

Share This
Twitter LinkedIn Digg Reddit StumbleUpon  

First Midwest Hires Enright ABL Business Devt Head

By Joyce C. Dimaculangan

First Midwest Bank welcomes David Enright as Senior Vice President, National Head of Business Development – ABL. In this capacity, Enright is responsible for leading the nationwide business development efforts, driving demand for products and services, and reinforcing First Midwest Bank’s leadership position in asset-based lending by expanding its footprint to a national focus.

David Enright First Midwest BankEnright has 16 years of banking experience, specializing in lending, asset-based lending, cash-flow lending, mezzanine and equipment finance. He is highly skilled at fully leveraging all resources to grow high margin portfolios with a best in class efficiency.

Before joining First Midwest, he spent more than five years as First Vice President, Specialty Finance at First Financial Bank. During his tenure, the bank was able to reach markets, including Ohio, Indiana, Kentucky, and Tennessee. His experience also includes serving PNC (formerly Nat CIty) as Assistant Vice President of C&I Lending and as Credit Analyst.

“We are extremely pleased to have David join our asset-based lending group. We have an extraordinary team that has been the driving force of the growth of our business,” said John Littrell, Group SVP of the asset-based lending group at First Midwest Bank.

Read More More

Share This
Twitter LinkedIn Digg Reddit StumbleUpon  

Modern Bank Hires Nedder as Managing Director

By Joyce C. Dimaculangan

Modern Bank announced the addition of Michael C. Nedder as Managing Director and Head of Asset Finance. In this capacity, Nedder will be responsible for growing the new business lines of Equipment Finance and Asset Based Lending.

Modern BankNedder brings more than 15 years of secured specialty finance experience to his new role. He joins Modern Bank from Stabilis Capital, a fund focused on distressed commercial real estate and C&I loans, where he served as a Director for two years. Prior to that, he was a Senior Business Development Professional at Silver Point Capital.

He also spent 15 years in equipment finance at ORIX Credit Alliance, Emigrant Business Credit and MagnetBank. At Emigrant, he originated equipment debt and lease transactions on the secondary market as well as purchased asset based debt, leverage loans and other structured debt products. Previously, he worked as a commercial lender at Bank of New England and People’s United Bank.

“Equipment Finance and Asset Based Lending will help diversify the bank’s portfolio and product offering and we are confident that Modern Bank will be successful in these areas under Mike’s leadership,” commented Curt Lueker, Head of Commercial Markets.

Read More More

Share This
Twitter LinkedIn Digg Reddit StumbleUpon  

Gordon Brothers Finance Hires Mark Forti as MD

By Joyce C. Dimaculangan

Gordon Brothers Finance Company (GBFC) announced that Mark Forti has joined the business as Managing Director. In this capacity, Forti is responsible for sourcing, originating and structuring new lending investments for the firm.

Mark Forti Gordon Brothers Finance CompanyForti brings 28 years of experience as a commercial banker for leading asset-based lenders. He has in-depth knowledge and extensive expertise in asset based credit, restructuring and collateral & financial analysis.

Prior to joining GBFC, he spent nine years at GE Capital specializing in the origination, structuring and underwriting of asset-based loans to specialty and big box retailers throughout the U.S. and Canada. Before that, he spent a combined 18 years at Bank of America and its predecessors where he held various roles all centered around loan structuring, underwriting and origination.

“We are thrilled to have Mark join us during this time of expansion and growth for GBFC” stated Patrick Dalton, President and CEO of Gordon Brothers Finance Company. “We look forward to the specialized capabilities Mark brings to our team as we continue to pursue new opportunities and partnerships in the industry.”

Read More More

Share This
Twitter LinkedIn Digg Reddit StumbleUpon  

Rosenthal Hires Robert Miller as ABL Head

By Joyce C. Dimaculangan

Rosenthal & Rosenthal welcomes Robert A. Miller as Executive Vice President and head of Asset Based Lending. In his new role, Miller will be responsible for the company’s Asset Based Lending division.

Robert Miller Rosenthal & RosenthalMiller brings more than 30 years of experience in financial services to Rosenthal. Most recently, he served as SVP of the sponsor and specialty finance group at Webster Bank, where he developed a niche in Financial Services and paved the way for the creation of a new Financial Services Vertical.

Previously, he served GE Capital, where he was in charge of a diverse portfolio of cash flow, asset based, and asset backed loans comprising over $500 million in commitments. In addition, he was employed in several Connecticut-based banks, giving him an extensive background both in asset based lending and commercial banking.

Peter Rosenthal, President of Rosenthal, disclosed that the company is excited to have Miller on board. “With a proven track record for successfully managing all aspects of Asset Based Lending, Rob’s skills are well suited to lead Rosenthal’s development efforts as we continue in our mission to deliver an unparalleled level of personalized service to our clients.”

EVP and Head of Marketing Kenneth Rosenthal Kleiner added that, “Rob’s diverse experience, and industry expertise give us the confidence that our company will continue to grow and remain an industry leader.”

Miller obtained a B.S. Degree in Finance from Ithaca College and MBA from Lubin School of Business at Pace University.

About Rosenthal & Rosenthal, Inc.
Rosenthal & Rosenthal, Inc. offers asset-based factoring services and products for growing mid-market companies including accounts receivable, inventory and intellectual property. The company was founded in 1938 and is based in New York, New York. To know more, go to www.rosenthalinc.com.

Share This
Twitter LinkedIn Digg Reddit StumbleUpon