Category Archives: Capital‐Movements

Will Floyd Joins Celtic Bank’s SBA Lending Team

By Joyce C. Dimaculangan

Celtic Bank announced that William Floyd has joined the company as Vice President of Business Development. In this capacity, Floyd will enhance the customer experience and deliver even faster turnaround times. He will report to Liz Schaper, Senior Vice President of SBA Lending, and will be based in San Diego, California.

William Floyd Celtic BankFloyd brings 12 years of experience in the finance and banking industry to his new role. Before joining Celtic Bank, he worked at U.S. Bank as a Strategic Account Representative for seven years, and as a Loan Officer for four years.

His years in the industry gained him extensive experience in small business lending, commercial lending, credit analysis, and loan origination.

Celtic Bank is pleased to have Floyd on board. “Will brings a vast amount of small business financing experience with him. With the addition of Will, we look forward to providing small business owners from coast-to-coast with even greater access to capital,” commented Craig Calafati, Executive Vice President of SBA Lending at Celtic Bank.

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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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Stella Chan Rejoins TMC Financing

By Joyce C. Dimaculangan

California-based TMC Financing is pleased to announce that Stella Chan has rejoined the company as Senior Vice President/Senior Credit Officer. In this capacity, Chan is responsible for loan prequalification and secondary credit review, and managing the board of directors’ loan approval process.

Stella Chan TMC FinancingAs Senior Vice President, Chan also acts as a liaison between TMC and the U.S. Small Business Administration, and provides support and training to other TMC staff.

She brings more than 20 years of experience as a loan officer in the San Francisco Bay area to her new role. She first served TMC from 1996 to 2008 as Vice President/Senior Loan Officer.

TMC is happy to have Chan back on the team. “We pride ourselves on having the best team in the business, and Stella’s knowledge of underwriting and experience with SBA regulations are certainly second-to-none,” said TMC Founder and CEO Barbara Morrison.

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Herrick Joins Fountainhead Commercial Capital

By Joyce C. Dimaculangan

Fountainhead Commercial Capital announced that Robert Herrick has joined the business as Executive Vice President. In this capacity, Herrick will be part of the company’s business development efforts and help manage its growing sales force.

Robert Herrick Fountainhead Commercial CapitalHerrick brings more than 30 years of experience in the financial services industry to his new role. Many years in the industry gave him various expertise in the field, which includes SBA, portfolio management, loan servicing, and commercial banking.

Prior to joining Fountainhead, he served as a senior vice president at Bluefin Consulting, a company that provides SAP business and technology consulting services, for more than two years.

Before that, he was one of the founders of Government Loan Solutions, a consultant to the secondary market for SBA loans and securities. He spent more than five years in the company. Also, he held top leadership positions at several banking institutions, including as Senior Vice President at National City Bank, and Director at Sterling Bank.

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TD Bank Names Brokaw Senior Relationship Manager

By Joyce C. Dimaculangan

TD Bank is pleased to announce the promotion of Keith A. Brokaw to Senior Relationship Manager in Commercial Lending based in New Windsor, New York. In his new role, Brokaw is responsible for maintaining and growing a portfolio of loans.

TD Bank LogoIn addition, he is in charge of cross selling the full range of TD Bank’s products and services to large corporate, middle market, non-profit and civic organizations across Dutchess, Orange Sullivan and Ulster counties in the Lower Hudson Valley.

Brokaw has 35 years of experience in banking and lending. He started his career with TD Bank in 2005. Prior to his promotion, he most recently served the Bank as Vice President, Relationship Manager, serving the central Bergen County region in northern New Jersey.

Previously, he spent almost two decades in retail banking at PNC Bank and Bank of New York in New Jersey. His expertise includes commercial lending, small business lending, and commercial mortgages.

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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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ReadyCap Commercial Adds Loan Officer Harris

By Joyce C. Dimaculangan

ReadyCap Commercial, LLC, a non-bank direct portfolio lender, announced the addition of Oliver Harris as a Loan Officer, covering the Mid-Atlantic region. ReadyCap specializes in small-balance commercial real estate loans and offers flexibility on general structure and considers the total picture of the borrower and property.

ReadyCap CommercialHarris brings more than 13 years of experience in commercial real estate lending to his new role. Throughout his loan origination career, he has originated approximately $1 billion in loans.

Harris’ expertise includes underwriting, originations of HUD/FHA and conduit loans, and data analysis. ReadyCap said his extensive background in deal structuring and commitment to developing customer relationships are advantageous to the company’s clients, which include bankers, borrowers, business owners, commercial brokers, and referral partners.

Prior to joining ReadyCap, Harris served as a Loan Originator at CW Capital, LLC, where he was in charge of underwriting and structuring commercial real estate loans, analyzing property data and conducting property inspections, to provide clients with loan quotes and applications. Before that, he was an Analyst where he was responsible for coordinating marketing events, preliminary loan analysis and office operations for CW Capital.

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Bank of Santa Clarita Names Hopp as EVP

By Joyce C. Dimaculangan

California-based Bank of Santa Clarita has appointed Elizabeth Hopp, the Chief Banking Officer of the Bank, as an Executive Vice President. In her new role, Hopp will oversee the retail banking services offered by the Bank in its headquarters office in Santa Clarita.

Elizabeth Hopp Bank of Santa ClaritaA veteran banker with over three decades of experience in the industry, Hopp has been instrumental in the growth and development of the Bank since its inception in October 2004. She has provided positive leadership and continued business development efforts in the Santa Clarita Valley and surrounding areas.

Hopp joined other bankers who were appointed to new roles within the Bank. “We are proud of their accomplishments, both in community banking and in serving our community, and wish them great success in their new roles here at the Bank,” said Frank Di Tomaso, Chairman of the Board and Chief Executive Officer of Bank of Santa Clarita

In addition to her banking career, Hopp is actively engaged in the community. She’s involved in several community-based non-profitable and civic organizations, including the Boards of Boys & Girls Club, Michael Hoefflin, Santa Clarita Valley Senior Center and the SCV Chamber of Commerce.

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