Daily News: October 3, 2013

PrivateBank Names Roberts ABL Managing Director

The PrivateBank announced that John Roberts joined as managing director and will focus on new business development for asset-based lending in the southwestern U.S. Roberts was previously with First Community Financial as SVP/marketing manager.

Roberts joins The PrivateBank from First Community Financial where he was senior vice president and marketing manager. With more than 30 years of experience in financial services, Roberts also held positions as senior vice president at Bank of America and Fleet Capital and director at Citigroup. He has extensive experience in asset-based lending and business development.

“We are pleased to add John to the team as we continually strive to better serve our clients and grow our business,” said Bruce Denby, co-head of Asset-based Lending at The PrivateBank. “We understand both the opportunities and challenges facing companies today. Asset-based lending is a way to tap the value of existing assets to finance initiatives like expansion, turnaround or recapitalization. John brings the experience needed to structure these in the most effective way and the business development expertise to reach companies in the Southwest.”