Celtic Bank announced that Scott Petty was promoted to VP of business development in the bank’s ABL Group. Petty will be focused on business development of the bank’s asset-based lending and factoring programs. He will report to Daniel Godfrey, SVP of ABL at Celtic Bank.

Petty began his career at Celtic Bank in 2009 as a relationship and operations manager in the bank’s ABL division and more recently served as the credit and operations manager and lead underwriter. In his new position, Petty will focus on business development in Utah and the surrounding states.

“We are excited for Scott to take on this new role,” said Godfrey. “Celtic Bank continues to experience rapid growth as small businesses seek flexible and affordable working capital financing solutions.”

Prior to joining Celtic Bank, Petty worked in business-to-business sales in the finance and telecom industries and provided business intelligence analytics for several Fortune 500 companies.