Daily News: August 21, 2012

First Niagara Commercial Finance Adds Three to ABL Team


First Niagara Commercial Finance (FNCF) announced three additions to its asset-based lending team. Brad Weaver, Tim Glass and Ed Dridge, all asset-based lending veterans, have recently joined the organization and will be filling positions in new business development and underwriting.

Brad Weaver joined FNCF as a vice president, senior loan originator and will be responsible for developing new business through an active direct calling effort, and by working with existing First Niagara commercial bankers, working with professional service providers, financial sponsors, turnaround consultants and other intermediaries located primarily in the Mid-Atlantic region. Weaver will be based in First Niagara’s Plymouth Meeting, PA office.

Weaver brings with him more than 25 years of commercial lending experience, including senior positions with various lenders such as PNC Bank, Commerce Bank and UPS Capital. Most recently, he served as a business development officer for Webster Business Credit, where he originated asset-based loans, primarily in the Eastern PA and NJ marketplace.

Tim Glass has also joined FNCF as a vice president, senior loan originator. Glass will be responsible for originating asset-based loans in Western PA, Western NY and surrounding areas through an active direct calling effort, and by working with existing First Niagara commercial bankers, working with professional service providers, financial sponsors, turnaround consultants and other intermediaries. Glass will be based in First Niagara’s Pittsburgh office.

Glass brings with him more than 12 years of commercial lending experience, most recently with Huntington Bank, where he served as an asset-based portfolio manager. Previously, Glass held various positions in field examination, underwriting and portfolio management, focusing on asset-based lending and specialized industries with lenders that included PNC Business Credit and BNY Mellon.

Ed Dridge joins the group as a first vice president, underwriting manager and will be responsible for managing the underwriting process for all new asset-based transactions. Dridge will be based in FNCF