Daily News: May 23, 2013

The PrivateBank Names Page Managing Director in ABL Group

The PrivateBank announced Jean Page joined as managing director and will focus on new business development for asset-based lending in the southeastern U.S.

Page joins The PrivateBank from SunTrust Bank where she was senior vice president. With more than 25 years of experience in financial services, Page also held positions as senior vice president at both Bank of America and PNC Business Credit. She has worked with commercial middle-market companies and has extensive experience in all phases of the lending process.

“We are pleased to add Jean to the team as we work to better serve our clients and grow our business,” said Bruce Denby, co-head of Asset-Based Lending at The PrivateBank. “We understand 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. Jean brings the experience needed to help companies structure these, and other appropriate transactions, in the most effective way.”

The PrivateBank delivers customized business and personal financial services to middle-market companies, as well as business owners, executives, entrepreneurs and families in all of the markets and communities it serves.