Daily News: November 6, 2013

IDB Bank Hires Serenkin to Head ABL Team

IDB Bank announced the appointment of Eric Serenkin as SVP and head of asset-based lending.

Serenkin has been a prominent lender in the asset-based industry for many years and has held senior positions with CIT, PNC and Wells Fargo. Serenkin will focus his efforts on managing and growing IDB’s asset-based portfolio.

Lissa Baum, EVP and chief lending officer at IDB Bank, said, “We could not be more excited about having someone with Eric’s experience and commitment to exceptional customer service join our team. IDB Bank continues to thrive because of our well-known reputation of delivering individualized attention to our customers. Eric is a great fit because he brings a tremendous range of experience, knowledge and proven leadership.”

Ehud Arnon, IDB Bank president and CEO, said, “For decades, IDB Bank has earned the trust and confidence of our clients by following a conservative, sound banking philosophy and by providing outstanding advisory services. This valued tradition and our commitment to the success of our clients has made us one of the strongest commercial banks in the United States.”