Category Archives: Capital‐Movements

MidCap Appoints Pavesich to New Business Team

By Joyce C. Dimaculangan

MidCap Business Credit has appointed Bruce Pavesich as Senior Vice President of its business development team. In his new role, Pavesich is responsible for covering the Mid-Atlantic region. He is based in Baltimore, Maryland.

Bruce Pavesich MidCap Business CreditPavesich brings 30 years of experience in commercial banking and asset based lending to his new position. Throughout his career, he has closed over 500 transactions, and his primary responsibilities included sourcing, structuring, negotiations and closing.

Most recently, he served as a Regional First Vice President at Crestmark Bank, where he was responsible in the Mid Atlantic, Northeast, Pennsylvania, New Jersey, and New York markets. An experienced asset-based lending and factoring professional, Pavesich has held business development roles at Keltic Financial Services, Textron Financial, Reservoir Capital Corporation, First National Bank of Maryland/ M&T Bank, and Wells Fargo.

“We are fortunate to have added significant experience and market visibility in the Mid-Atlantic Region by bringing on Bruce. He will be responsible for covering a key territory of the country for us as we continue to expand and build out our national footprint,” commented Seth Cooper, Senior Vice President and National Sales Manager.

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TD Bank Welcomes Kurt Faulk as BDO, SBA

By Joyce C. Dimaculangan

TD Bank welcomes Kurt V. Faulk as Vice President, Business Development Officer in the SBA Lending Division. In this capacity, Faulk is responsible for expanding TD Bank’s SBA loan production, including SBA real estate mortgage and equipment loans, construction, refinancing, business acquisition and expansion. Based in Winter Park, Florida, he is in charge of partner buyouts, serving businesses throughout the Greater Orlando market.

Kurt Faulk TD BankFaulk brings 25 years of experience in finance and real estate lending. A senior banking executive, his background includes commercial loan production, credit risk analysis and portfolio management in commercial real estate, corporate banking and healthcare business verticals.

Prior to joining TD Bank, he served as a Vice President at GE Capital in Dallas, Texas. Before that, he served as RAC Project Manager assigned in pre-planning review on financial institutions in FDIC Jacksonville, Florida; Irvine, California; and Dallas, Texas regional offices.

Faulk earned his bachelor’s degree from the University of Arkansas at Fayetteville. He is a resident of Celebration, Florida.

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KeyBank Business Capital Taps Gary Kidd as SVP

By Joyce C. Dimaculangan

KeyBank Business Capital, Key’s asset-based lending platform, announced that it has tapped Gary Kidd as a Senior Vice President. Based in New York, Kidd will work with KeyBanc Capital Market bankers in the industry, sponsor coverage and the debt capital markets groups to support clients’ business objectives. He will also support KeyBank Business Capital’s focus on serving as lead bank in syndicated ABL financings.

Gary Kidd KeyBankKidd brings 18 years of experience in the banking and finance industry. He spent more than 13 years with GE Capital Markets, Inc., where he most recently served as a Senior Vice President, leading capital markets transactions for the Metals and Mining and Retail Finance teams.

Previously, he was an analyst at JPMorgan Securities, Inc., where he performed comprehensive credit analyses of companies across a wide range of industries, including automotive, chemical, oil and gas, paper, real estate and retail. He was also a Senior Financial Analyst at The Ezra Company in Bethesda, Maryland.

“We are delighted that Gary is joining KeyBank Business Capital. Gary has deep industry knowledge that adds to our ability to serve middle market and mid-cap clients with attractive and flexible financing solutions, “said Laurie Muller-Girard, National Director of KeyBank Business Capital.

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Joseph Riley Joins First Mid-Illinois Bank & Trust

By Joyce C. Dimaculangan

First Mid-Illinois Bank & Trust welcomes Joseph Riley as Assistant Vice President and Commercial Loan Officer. Riley will be based in the First Mid banking center and will serve the Galesburg area.

First Mid-Illinois Bank & TrustRiley has nine years of experience in the financial industry. He began his banking career at Farmers and Mechanics Bank in Galesburg, where he served as Business Banker & Privilege Banking Coordinator.

“I am excited about Joseph’s move to First Mid-Illinois Bank & Trust. He is a certified commercial lender who will be a solid addition to our business group. Joseph is committed to understanding our customers’ financial objectives and providing them the First Mid products and services that best suit their needs,” remarked Mark Blackburn, Community President at First Mid-Illinois Bank & Trust.

“I’m pleased to be part of a company with strong, principled values like First Mid, who has been in business for 150 years. I concentrate on doing what is right for the customer, and I look forward to making an impact at First Mid,” said Riley.

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Kinderhook Bank Hires James E. Murphy as SVP

By Joyce C. Dimaculangan

Kinderhook Bank announced that it has hired James E. Murphy as Senior Vice President and Chief Credit Officer. In this capacity, Murphy will support the commercial lending teams with underwriting, credit approvals and portfolio management in the bank’s Capital Region markets. He will be based at Kinderhook offices in Corporate Woods in Albany.

Kinderhook BankMurphy brings more than 30 years of experience in commercial lending to his new role. Prior to joining Kinderhook Bank, he served as Senior Vice President and Chief Credit Officer at NBT Bank, where he was responsible for its commercial banking teams covering New York and New England markets.

Previously, he was a Senior Vice President and Credit Executive for JP Morgan Chase Bank overseeing the company’s Albany, Syracuse and New England markets. He also worked at Bankers Trust.

Murphy obtained a bachelor’s degree from Siena College and an MBA from Russell Sage College. He has served on the board and audit committee of the Empire State Development Corporation and the board of Catholic Charities in Albany. He also is a former adjunct professor teaching in the MBA program at Russell Sage College.

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Empire National Bank Adds Frank DeRosa

By Joyce C. Dimaculangan

Empire National Bank’s Chairman and CEO Douglas C. Manditch announced the addition of Frank DeRosa as Vice President and Commercial Loan Officer. DeRosa brings 10 years of experience to his new role.

Frank DeRosa Empire National BankPrior to joining Empire National Bank, DeRosa served as Vice President, Securities Lending at Morgan Stanley’s corporate headquarters in Manhattan for five years. Before that, he was a Director at Lighthouse Financial; an Associate, US Equity Derivatives at National Bank; and an Associate, Institutional Equity Sales at RBC Capital Markets. He also spent six months as a trader at Colonial Fund.

“With a diverse background in securities, commercial and investment banking, Frank adds another dimension to our team of talented professionals,” commented Manditich.

DeRosa earned a Bachelor of Business Administration Degree in Finance from St. John’s University in New York. He resides in Babylon, New York.

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S&T Bank Names Douglas Crego as Business Banker

By Joyce C. Dimaculangan

S&T Bank is pleased to announce that Douglas Crego has joined the business as Vice President, Business Banker to its western New York office. As a Business Banker, he will be responsible for business development and overseeing the formation and growth of customer relationships with local businesses in the area.

Douglas Crego S&T BankCrego has 20 years of experience in the banking and small business management industries. His experience includes serving several positions in the banking industry where he managed regional sales, directed business development efforts, and acted as a small business lender.

Prior to joining S&T Bank, he served as a Licensed Real Estate Salesperson at HUNT Real Estate ERA in Rochester, New York. He also held senior leadership roles, including as Vice President at Five Star Bank, and National Bank of Geneva; and Assistant Vice President at M&T Bank.

“I am very confident in the expertise that Doug will bring to the table. We look forward to continuing to build relationships with our customers and believe our team is now even better positioned to serve the community and grow in the marketplace,” stated Dave Antolik, Senior Executive Vice President and Chief Lending Officer of S&T Bank.

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Guaranty Bank Welcomes Jeremy Tennison

By Joyce C. Dimaculangan

Missouri-based Guaranty Bank welcomes Jeremy Tennison as its new Commercial Relationship Manager. Based at the Bank’s Ozark Banking Center, Tennison will be responsible for serving the business banking needs of Ozark and all of Christian County.

Guaranty BankTennison brings over 12 years of banking experience to Guaranty Bank. He spent eight years with Liberty Bank, where he last served as Community Bank President in Ozark.

“We are pleased to welcome Jeremy Tennison to the Ozark team at Guaranty Bank,” commented Susan Johanson, Retail Banking Officer. “Having a commercial lender at our office will be a great resource for our business customers in the Ozark community.”

Michael Mattson, Executive Vice President and Chief Lending Officer, added that, “As a life-long resident of Ozark and an engaged leader in community activities, Jeremy will be a great addition to Guaranty’s current community involvement lead by our Ozark Banking Center Manager Susan Johanson.”

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Dana McGill Joins Celtic Bank’s SBA Lending Team

By Joyce C. Dimaculangan

Celtic Bank announced that Dana T. McGill has joined the company as Vice President of Business Development in its SBA and Commercial Lending Department. In her new role, McGill is responsible for increasing Celtic Bank’s SBA loan production in the Greater New York area. She is based in Hoboken, New Jersey.

Dana McGill Celtic BankMcGill joins Celtic Bank from AIG in New York City, where she served as a Senior Manager. With AIG, she worked on the CCAR Central Reporting Team whose focus was on developing and implementing a robust Comprehensive Capital Analysis & Review (CCAR) process for the company.

Before AIG, she worked in Global Treasury at American Express where her responsibilities were focused on supporting the key US and JAPA legal entities, with prime responsibility for the two US Banks, American Express, FSB and American Express Centurion Bank. She was named a CFO Pinnacle Award Winner by the American Express Global Finance organization in 2012.

“We are excited that Dana has decided to join our nationwide SBA lending team,” remarked Christy Lester, Senior Vice President of SBA Lending at Celtic Bank. “Dana is a go-getter and her background in finance and regulatory compliance will be complementary to her new role as a Business Development Officer.”

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Evans Bank Taps Ulrich as Chief Credit Officer

By Joyce C. Dimaculangan

Evans Bank has tapped seasoned lending professional Paul Ulrich as Chief Credit Officer. In his new role, Ulrich will oversee the Bank’s overall credit strategy, underwriting, loan operations, credit risk mitigation efforts, and credit policies and portfolios.

Paul Ulrich Evans BankUlrich joins Evans Bank with more than 25 years of experience in the banking and financial services industry. Most recently, he served as Executive Credit Specialist with Charter Strategies, LLC in Montvale, New Jersey.

Previously, he was the Executive Vice President and Chief Credit Officer for Hudson Valley Bank in Yonkers, New York, and Senior Vice President and Senior Credit Officer for First Horizon/First Tennessee Bank in Memphis. In addition, he held senior management positions with JP Morgan Chase, Bank of America, and Huntington Bank.

“Paul’s years of executive management experience, extensive credit knowledge, and community banking values make him a perfect fit for Evans,” said David Nasca, President and CEO of Evans Bank. “Paul will play a key role in the growth and management of our organization through a focus on credit risk and our lending and portfolio efforts; we’re excited to have him on board.”

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