Daily News: April 15, 2015

First Midwest Names Enright ABL Business Development Head

David A. Enright joined First Midwest with 16 years of experience in banking, specialty lending, ABL, cash-flow lending, mezzanine and equipment finance.

Enright will be responsible for leading the nationwide business development efforts, driving demand for products and services, reinforcing First Midwest Bank’s leadership position in asset-based lending by expanding our footprint to a national focus.

“We are extremely pleased to have David join our asset-based lending group. We have an extraordinary team that has been the driving force of the growth of our business. To continue on this path, we’re adding a number of talented professionals, said John Littrell, group SVP of the asset-based lending group at First Midwest Bank. “As always, we are in the business of helping clients achieve financial success throughout their economic lives. We do so by focusing on the broad range of their financial needs and delivering quality services that truly fulfill those needs. Our expanded team will help us continue delivering on that promise. David has a demonstrated background and reputation as a business development officer with the proven ability to source, grow,innovate and enhance organic portfolio growth within an organization. He possesses a unique blend of business development and people skills to rnsure a consistent approach to our target clients. We are certainly thrilled to have someone of his quality on the First Midwest Bank team.”

“I am thrilled to join the asset based and leveraged finance team at First Midwest Bank,” Enright said. “John and his team have done a great job of building a strong reputation in the Midwest and inside the bank. I look forward to building a business development team that will continue along this path. We have a best in class operations and portfolio management staff and an infrastructure that can handle significant growth. The next logical step for us is to continue to leverage the Chicagoland brand and centers of influence and build out a best class Midwestern team that will grow nationally. Even in this current hypercompetitive market, with the right sales team and calling culture there is a nice niche for a bank ABL and leveraged finance product in the $5 and $35 million space.”