Category Archives: Capital‐Movements

First Niagara Names New England Regional President

By Joyce C. Dimaculangan

First Niagara Financial Group, Inc. has named Jeff L. Hubbard as New England Regional President. Hubbard is responsible for leading the Company’s New Haven-based team of bankers, as well as managing and directing the overall market-based Commercial and Industrial lending activities in Connecticut and Massachusetts.

Jeff Hubbard First Niagara Financial Group“I look forward to working with my team to strengthen existing customer relationships, serve new customers and ensure the delivery of best-in-class service at every level. In addition to serving customers and growing our business, I am proud to join First Niagara’s efforts to give back to the communities it serves across Connecticut and Massachusetts,” commented Hubbard.

Most recently, Hubbard served as Regional Vice President, Commercial Banking at TD Bank, where he managed the daily business activities for the bank in Hartford, Connecticut.

Before TD Bank, he worked as a Senior Risk Officer for Bank of America. His broad banking experience includes holding leadership roles at Webster Bank, Fleet Bank, and Merrill Lynch.

First Niagara is looking forward to having Hubbard on the team. “His experience in the market, deep knowledge of commercial banking and tremendous leadership style will be an asset to First Niagara,” said Peter Cosgrove, Managing Director of Commercial Middle Market Banking.

Hubbard earned his Bachelor of Science degree in Business Administration from Plymouth State University in Plymouth New Hampshire, a Mastery Certificate from the University of Connecticut Business School and is currently enrolled at the Stonier Graduate School of Banking at Wharton University.

About First Niagara Financial Group, Inc.
First Niagara, through its wholly owned subsidiary, First Niagara Bank, N.A., is a multi-state community-oriented bank with approximately 390 branches and $39 billion in assets providing financial services to individuals, families and businesses across New York, Pennsylvania, Connecticut and Massachusetts. To know more, go to www.firstniagara.com.

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Citizens Bank Appoints Miller as State President

By Joyce C. Dimaculangan

Citizens Bank has appointed Quincy Miller as Massachusetts State President. In this capacity, Miller leads the Bank’s engagement with civic, business and community leaders across Massachusetts. He joined Citizens Bank in 2006 and has held various leadership roles.

Quincy Miller Citizens BankIn addition to his responsibilities as State President, he will continue his duties as President of Business Banking for Citizens Financial Group, Inc. (CFG), where he oversees more than 650 sales and operations colleagues with responsibility for clients up to $25 million in annual sales and all credit underwriting/operations.

Previously, Miller spent nine years at M&T Bank in New York City and in Harrisburg, Pennsylvania. He received the 2007 Kaleidoscope Magazine’s Forty/Forty Club honor, the Crain’s Cleveland Business’ “40 under 40″ award in 2008 and named to the Boston Business Journal’s “40 under 40″ list in 2012.

“Quincy is an experienced banker and strong leader who will help us continue to provide great service to Citizens customers, while growing our business in these key markets,” said Bruce Van Saun, Chairman and Chief Executive Officer.

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John Moshier Joins ReadyCap Lending as President

By Joyce C. Dimaculangan

ReadyCap Lending, Licensed SBA Lender, announced that it has hired John E. Moshier as President of the company and he will be based in New Providence, New Jersey. Moshier has held senior leadership roles focused on the delivery of SBA loans and solutions, as well as small business relationships, since 2000. He has also served in the United States Army and Ohio National Guard.

John Moshier ReadyCap LendingMoshier brings nearly 20 years of experience in the lending industry, the past 15 of which have been focused on small business relationships and management of U.S. Small Business Administration (SBA) loan programs. Throughout his career, he has been consistently recognized for portfolio performance and SBA production, while building and growing national sales teams.

Prior to ReadyCap Lending, he was with Key Bank where he last served as Senior Vice President, National SBA Segment Manager in Cleveland, Ohio. Before Key Bank, he held senior roles at GE Capital, and National City Bank.

“John’s experience in serving our country is an invaluable asset to our Veterans Community Development program, which is dedicated to providing resources and access to start-up capital for military veteran entrepreneurs and business owners, in partnership with the SBA,” remarked Jim Going, CEO of ReadyCap Commercial, LLC.

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Yelton Capital Network Names Hashagen as MD

By Joyce C. Dimaculangan

Yelton Capital Network is pleased to announce that Mary Clair Hashagen has joined the company as Managing Director. Based in Raleigh, North Carolina, Hashagen will serve clients and lenders nationwide.

Mary Clair Hashagen Yelton Capital NetworkA seasoned finance professional, she has several years of experience working for both banks and independent factoring organizations. She has extensive contacts in the Southeast and Mid-Atlantic and is known for her very personable and professional approach to client service. Her expertise includes commercial lending, small business lending, asset based lending, and business development.

Before joining Yelton Capital, Hashagen served as Vice President of Business Development at Magnolia Financial, Inc. in Cary, North Carolina. Previously, she worked at the Working Capital Finance divisions of Alternative, and First Citizens Bank. Earlier in her career, she managed sales operations in the high end apparel industry.

“We are excited to have someone of Mary Clair’s experience, knowledge and professionalism join our expanding network. She will greatly augment our factoring and lending practice,” said Barry Yelton, Managing Partner of YCN. “Our clients, lending sources, and associates will benefit from Mary Clair’s in depth knowledge of factoring and commercial lending.”

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Preferred Bank Appoints Nick Pi as Acting CCO

By Joyce C. Dimaculangan

Preferred Bank, an independent commercial bank focusing on the diversified California market, has appointed Nick Pi as Executive Vice President and Acting Chief Credit Officer. Prior to this appointment, he served the Bank as Executive Vice President and Group Manager since 2003, where he managed several branches and lending departments.

Preferred BankPi has more than 25 years of experience in the banking industry. Before joining Preferred Bank, he was the Senior Vice President and Commercial Real Estate Lending Team Leader of Chinatrust Bank (U.S.A.).

He also held various corporate titles from Assistant Vice President to Senior Vice President at Chinatrust Bank (U.S.A.), mainly in the branch operation and lending fields. His lending and credit experience also includes Grand Pacific Financing Corporation, an affiliate of ChinaTrust Group.

“Nick is well qualified to take on this very important role. He has been a great asset to the team for over a decade and we are excited about the opportunity for him in this interim position. As previously announced, we have commenced an internal and external search for a permanent candidate,” commented Chairman and CEO Li Yu.

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Arvest Bank Welcomes Harris as Comm’l Loan Officer

By Joyce C. Dimaculangan

Arvest Bank welcomes Justin Harris as a Commercial Loan Officer and Vice President in the Bentonville market in Arkansas. As VP, he is responsible for managing commercial banking relationships, underwriting, and loan approvals. He recently moved to Northwest Arkansas from Dallas, Texas.

Justin Harris Arvest BankHarris has more than 15 years banking experience, particularly directing and leading middle market businesses to increase profitability. He has worked in asset-based lending, complex capital restructures, bank syndications, commercial real estate and special assets.

Prior to joining Arvest Bank, he served as Vice President, Relationship Manager at Wells Fargo, where he directed complex capital restructure of businesses within portfolio containing $1.9B in assets. Before that, he held top leadership roles at Texas Capital Bank and RE/MAX Affiliates.

Arvest Bank is pleased to have Harris in its lending team. “He has the experience that will serve him and Arvest well as he helps customers evaluate and obtain the financial backing they need to expand Northwest Arkansas’ economy,” said Jason England, Senior Vice President and Bentonville Commercial Team Leader for Arvest Bank.

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American Business Lending Taps David Green as EVP

By Joyce C. Dimaculangan

American Business Lending has hired David Green as Executive Vice President – SBA Loan Production. In this capacity, Green will be responsible in expanding ABL’s nationwide business development officer network, including the hiring of six to nine new BDOs across the U.S. over the next six months. He will be based out of the company’s office in Dallas, Texas.

David Green American Business LendingGreen brings more than 30 years of experience in the financial industry, including several positions focused on SBA lending as well as the management of those institution’s SBA programs. He joins ABL from Independent Bank of Texas where he served as Executive Vice President. Before that, he was the President of the SBA Division at Southwest Securities, and he spent more than 16 years with Southwest Bank in Fort Worth.

“David will be a very valuable asset to ABL, bringing a wealth of knowledge of the small business industry and SBA,” commented ABL CEO Charlie Bell. “His professionalism, knowledge and passion for SBA lending will greatly contribute to raising ABL’s prominence in the SBA industry on a nationwide level.”

Green earned a bachelor’s degree in Finance from Texas Tech University. He is a long time Board Member of the National Association of Guaranteed Government Lending (NAGGL).

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Santa Cruz County Bank Hires CCO George Harrison

By Joyce C. Dimaculangan

Santa Cruz County Bank announced that George Harrison has joined the business as Senior Vice President and Chief Credit Officer. With more than 40 years of experience in the banking industry, Harrison brings an extensive education and professional background in finance, lending, credit administration and credit review to his new role.

Santa Cruz County BankPrior to joining Santa Cruz County Bank, he served as Chief Credit Officer at Community Bank of the Bay for three years, where he managed the company’s diverse loan portfolio, supervised lending and credit administration, and supervised the growth of the loan portfolio while maintaining strong credit quality.

Harrison also held the title of Chief Credit Officer and Senior Loan Officer for four independent community banks in Northern California. In 2010, he launched The Harrison Financial Group, an independent bank consulting and credit review firm.

“George brings a well-rounded and unique background to the Chief Credit Officer position through his experience managing credit portfolios and his understanding of credit risk and loan reviews,” said David Heald, President and CEO. “His experience managing credit portfolios and understanding of credit risk are essential to his position and are an asset to the Bank.”

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Key EF Adds White as VP, Equipment Finance Officer

By Joyce C. Dimaculangan

Key Equipment Finance announced the addition of Kevin White as Vice President, Equipment Finance Officer. In this capacity, White will focus on providing equipment leasing and product solutions to new and existing clients in the Mid-Atlantic region, specifically Delaware, Maryland, Washington D.C., Virginia and Eastern North Carolina. He will be based in Richmond, Virginia.

Kevin White Key Equipment FinanceWhite brings more than 15 years of experience in the financial services industry to his new role. His past experience includes equipment financing/leasing, Mergers & Acquisition Advisory, corporate development, strategy and innovation, and the formation and management of a new business.

Most recently, White served as Senior Vice President at GE Capital for almost four years. With GE, he served as the company’s Commercial Representative for multiple lines of business in Virginia providing financing solutions to small, middle-market and Fortune 500 companies.

Previously, he held top leadership roles such as President at Mammoth Home Theater and Vice President at Matrix Capital Markets. He was also with BB&T Capital Markets in investment banking focusing on middle market sell-side M&A advisory.

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Eileen Wolfe Joins Hopewell Valley Community Bank

By Joyce C. Dimaculangan

Hopewell Valley Community Bank is pleased to announce that Eileen C. Wolfe has joined the business as Vice President and Commercial Loan Officer. In this capacity, Wolfe is responsible for enhancing the company’s small business lending efforts in the Hunterdon/Somerset area in New Jersey. She is based out of the HVCBank’s office in Flemington.

Eileen Wolfe Hopewell Valley Community BankWolfe brings 40 years of experience, particularly in banking; commercial real estate and construction; industrial and commercial lending; business development; and client relationship management.

Prior to joining Hopewell Valley Community Bank, she served as Vice President at Fulton Bank of New Jersey in their Somerville office, and before that, as a Senior Loan Officer at Team Capital Bank. She also spent 10 years working at the former Flemington National Bank & Trust Co.

Throughout her career, she has held and attended many courses and seminars, including Banking at Somerset Valley Community College, which is now Raritan Valley Community College.

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