Daily News: February 6, 2015

Investors Names VP of Business Development

Investors Bank appointed Sam Cirelli as vice president and business development executive of the Asset-Based Lending Group. Based in New York and reporting to Investors Head of Asset Based Lending (ABL) David Viggiano, Cirelli will be responsible for originating loans in the $3 million to $15 million range with small to mid-size companies located in the Northeast. He will begin his new position at Investors Bank immediately.

In announcing Cirelli’s position, Mr. Viggiano said, “Sam is an exceptional finance professional who has developed a broad network of business relationships, and he possesses a proficiency in all aspects of company financing that will further strengthen our already successful asset-based lending team. We believe Sam is a game changer who fits right in with our rapidly growing Bank.”

Cirelli brings solid expertise in banking and corporate finance as well as senior management experience. He already comes to Investors having many established relationships with middle market companies. Prior to joining Investors, he was a Founding Managing Partner at Northern Lights Partners, which he founded to provide debt and capital advisory solutions to mid-market businesses with revenues between $5 million and $100 million.

In addition, Cirelli’s earlier experience includes his position as Founder and Head of ABL and Loan Originations at the Royal Bank of Scotland and Landsbank. He also held senior executive positions at GMAC, where he was Global Loan Origination Director. He served as senior VP in loan originations at Wells Fargo Foothill Capital and was a Team Leader for loan portfolio management with the CIT Group.

During his more than 25-year career in asset-based financing, loan origination, and portfolio management, Cirelli produced more than $6 billion in total financing.