Category Archives: Capital‐Movements

Franklin Bank Promotes Dapp to Senior VP

By Joyce C. Dimaculangan

New Jersey-based Franklin Bank is pleased to announce the promotion of Richard W. Dapp to Senior Vice President, Chief Commercial Lending Officer. In his new role, Dapp is responsible for developing commercial business for the Bank and overseeing the operations of the Commercial Lending Department.

Richard Dapp Franklin BankDapp has more than 25 years of experience as a commercial lender in the South Jersey area. His experience includes residential and commercial lending management, commercial lending employee management, commercial construction lending management and administrative RE appraisal review appraising management.

Prior to joining Franklin Bank, Dapp served as the Senior Vice President and Chief Lending Officer at Colonial Bank for more than nine years. He also held various leadership roles at several South Jersey banking institutions.

Dapp earned a his M.B.A. in Finance Management from Rowan University. He is a New Jersey State Certified General (commercial) Real Estate Appraiser- SCGREA, as well as a New Jersey Real Estate Broker and Realtor. In addition, he is an ASTM Certified Environmental Screen Auditor and a Certified Instructor for the N.J. Real Estate Commission.

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Dan Thomson Joins Creekridge Capital in NY

By Joyce C. Dimaculangan

Creekridge Capital announced that Dan Thomson has joined the independent finance company as Direct Leasing Sales Manager. In this capacity, Thomson is responsible for relationship development and business origination. He will concentrate on providing lease lines-of-credit direct to small and middle market businesses to acquire the use of equipment and software.

Creekridge CapitalBased in Creekridge’s office in New York, Thomson has 30 years of experience in the equipment leasing industry, primarily within the healthcare marketplace. His background includes working with hospitals, imaging centers and other healthcare providers to help them finance equipment.

Thomson joins Creekridge from Philips Medical Capital where he served as Regional Finance Manager for the New York and New England states. During his nine-year tenure, he added $210MM in assets to the PMC’s portfolio. Prior to that, he was the Regional Manager at CIT Equipment Finance, and an Account Executive at Prime Leasing.

Dave Gnade, Executive Vice President of Sales at Creekridge, said Thomson will be a great addition to the company’s sales team, having a history of successful sales campaigns and has become a trusted advisor with the healthcare providers. He added that Thomson’s extensive experience and leadership will help Creekridge grow into other markets.

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Paccione Joins Lakeland Bank’s New LP Office

By Joyce C. Dimaculangan

Thomas J. Shara, President and CEO of Lakeland Bank, announced that Christina Paccione has joined the company as Vice President, Commercial Lending. She is based in the Bank’s new regional Loan Production office in Middlesex/Monmouth in New Jersey.

Christina Paccione Lakeland BankPaccione has an extensive experience in commercial lending. Her expertise includes mortgage lending, commercial banking, and small business lending.

Prior to joining Lakeland Bank, she served as Vice President, Commercial Lending for Ocean First Bank in Red Bank, covering Monmouth, Middlesex and Ocean Counties. Before that, she was Vice President, Commercial Lending with Investors Bank in Spring Lake Heights.

Previously, she worked at Valley National Bank, Sovereign Bank, Fleet/Nat West, and Midatlantic Merchants. She was a past President of the Monmouth Business Group, and Vice Chair of Monmouth Ocean Development Council Education Committee. She is a resident of Colts Neck.

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Wells Fargo Taps Cohen as Comm’l Banking Advisor

By Joyce C. Dimaculangan

Wells Fargo welcomes veteran banker Howard Cohen as an executive advisor for its Commercial Banking operations in New Jersey. In his new role, Cohen will support Wells Fargo Commercial Banking’s growth strategy in the New Jersey region, with offices located in Summit, Basking Ridge, and Haddon.

Howard Cohen Wells FargoAccording to Toby Babeuf, Regional Vice President of Wells Fargo Commercial Banking in Northern and Central New Jersey, “These New Jersey markets are large and growing areas for Commercial Banking at Wells Fargo. Our middle-market customers will benefit from Howard’s expertise and experience in the region.”

Cohen has more than 40 years of experience in public accounting and consulting. His experience includes servicing companies and organizations, both domestic and international, in the professional services, retail, manufacturing, wholesale distribution and nonprofit industries. He has particular expertise in the areas of tax planning and corporate financing options.

Cohen has recently retired as chairman of EisnerAmper LLP, one of the country’s largest accounting firms. Before that, he served as a managing partner and CEO of Amper, Poliziner & Mattia LLP, the 14th-largest U.S. accounting firm and the leading Northeast firm, for 15 years.

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Key EF Names Eulenstein Equipment Finance Officer

By Joyce C. Dimaculangan

Key Equipment Finance announced that it has promoted James Eulenstein to Equipment Finance Officer, Business Banking Team. In his new role, Eulenstein will lead equipment financing activities covering the Greater New York City area, Hudson Valley, and Albany regions.

James Eulenstein Key Equipment FinanceHe will facilitate equipment finance opportunities for new and existing clients for the company’s Business Bank teams, focusing on business clients and prospects in the  $3 million to $30 million revenue size.

Eulenstein previously served the company a sales associate participating in the full-time Accelerated Career Track Program. It is a comprehensive training program designed to accelerate sales and finance skills in the equipment financing industry such as sales, financial analysis, capital markets, credit, risk assessment, and documentation.

“James is another example of the success of our Sales ACT rotational program,” said Scott C. Edwards, Senior Vice President for Key Equipment Finance. “He has already gained valuable experience in capital markets, credit analysis and business banking, and I look forward to working with him in this new role.”

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The Bancorp Welcomes Newest SBA Lender to Austin

By Joyce C. Dimaculangan

The Bancorp Bank is pleased to welcome Bob Hernandez as a Vice President, Business Relationship Officer to its Government Guaranteed Lending team in Austin, Texas. The addition of Hernandez is part of the company’s expansion of its national footprint to assist small business owners in the local markets and beyond.

Bob Hernandez The Bancorp BankHernandez brings 35 years of experience, primarily in the SBA and commercial banking industry, to his new role. Throughout his career, he has assisted corporations and small business owners obtain the financing needed to acquire, expand, or refinance.

He has extensive experience in managing complex financial scenarios, working in multicultural business and sales environments and navigating among governmental, non-profit and commercial enterprises.

Prior to joining The Bancorp, Hernandez served as CEO at Business Capitalization Specialists for more than five years. During his tenure as CEO, he provided small business consulting and capitalization strategies to a variety of industries. Before that, he was EVP at National Franchise Company, where he developed and managed four distinct business units.

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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.”

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Wayne Bank Adds McKerrell Business Lending Officer

By Joyce C. Dimaculangan

Wayne Bank announced that Juliette McKerrell has joined the Bank as an Assistant Vice President and Commercial Loan Officer. McKerrell will be based in the Milford Community Office in Pike County, Pennsylvania and will be working with businesses in the Delaware Valley, Northern New Jersey, Orange, and Sullivan Counties in New York State.

Juliette McKerrell Wayne BankMcKerrell has nearly 10 years of banking experience in the region. Her background includes small business lending, commercial banking, customer service, mortgage lending and credit.

Prior to joining Wayne Bank, McKerrell served several roles in increasing responsibilities at Jeff Bank. Before her employment at Jeff Bank, she was with Capital Appraisal Group, and Irwin Siegel Agency, Inc.

“Juliette is a great addition to our business lending staff,” said Lewis J. Critelli, President and Chief Executive Officer of Wayne Bank. “She is eager to offer her expertise to help local businesses work towards their financial goals.”

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Eric Wadley Joins Umpqua Bank as VP, SBA

By Joyce C. Dimaculangan

Umpqua Bank announced the addition of Eric Wadley as Vice President, SBA, USDA and CRE lending. In this capacity, he will manage the Bank’s new SBA loan production office in Salt Lake City, Utah.

Eric Wadley Umpqua BankA native of Utah, Wadley has more than 15 years of experience in the banking industry, mainly in the SBA and USDA lending segments throughout the state.

Prior to joining Umpqua Bank, he served as VP and Business Development Officer at Seacoast Commerce Bank, where he sourced and closed $8.6M in owner user commercial real estate secured SBA 7a loans within eight months. Previously, he held leadership roles in the SBA, USDA and CRE divisions at CIT Bank, Nevada Commerce Bank, Lehman Brothers, and American Investment Bank.

Umpqua Bank is pleased to have Wadley on board. “Eric has been an advocate for small business throughout his career and has been a consistent producer of SBA & USDA guaranteed commercial loans, specifically for the small business owner that wants to buy, construct, refinance or expand their own facility,” said Joel Carey, SVP Umpqua Bank SBA Lending Division.

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First American Hires Joseph Guage as CFO

By Joyce C. Dimaculangan

First American Equipment Finance is pleased to announce that Joseph P. Guage, CPA, has joined the business as Chief Financial Officer. Guage has over 20 years of experience in accounting and leadership roles.

Joe Guage First American Equipment FinanceGuage has a long track record of significantly contributing to the strategic growth of organizations.  He joins First American from Discover Financial Services where he served as Vice President of Finance for Discover’s Student Lending business and Chief of Staff to the President of that business.

Prior to that, he held various roles in increasing responsibilities at The Student Loan Corporation. For almost five years, he served as VP, Assistant Controller; SVP, Chief Accounting Officer; and Chief Financial Officer. He also worked at Eastman Kodak, Bausch + Lomb, EDS Group, and Union Bank of Switzerland.

“Joe is a highly respected individual in the banking community, and we are pleased that Joe is joining First American,” commented Bill Verhelle, CEO of First American. “His experience and perspective will be invaluable as First American continues its rapid, successful growth.”

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