Daily News: January 14, 2015

Triumph Expands Commercial Finance Team

Triumph Commercial Finance announced Jim Allin, Mark J. Simshauser and Jason Chapman as additions to its commercial finance team.

Jim Allin will lead the Triumph Commercial Finance ABL and commercial factoring business as SVP after the previously announced promotion of Dan Karas to chief lending officer of Triumph Savings Bank, SSB. Most recently, Allin served as SVP at Bank of America Business Capital. Previously he served as SVP – area manager, RBS Business Capital at Citizens Financial Group and as SVP – BDO of Bank of America Business Capital. Allin has also served in various roles at GE Commercial Finance, Fleet Capital and The CIT GroupBusiness Credit. He is a member of the Commercial Finance Association, Turnaround Management Association and Association for Corporate Growth.

Mark J. Simshauser will serve as Northeastern Region manager. Located in Long Island, NY, he will be responsible for expanding Triumph’s ABL and commercial factoring markets by supporting small to middle-market businesses throughout the Northeast and New England areas. Simshauser joins Triumph from Michigan-based, Crestmark where he served as First VP with a focus on expanding its Northeast market presence. Previous to that, spanning over an active 15 year career, he has worked with a variety of commercial bank and non-bank related ABL groups including Greystone Business Credit, Webster Business Credit, HSBC Business Credit and FINOVA Capital. Simshauser is active in many regional professional and credit associations including working as past co-chair of the Annual Northeast Regional TMA Conference (Saratoga Springs, NY), director of the Upstate NY and Long Island TMA, current director of the Long Island RMA and active board member of many northeast US manufacturing associations in Massachusetts, Rhode Island and Connecticut.

Jason Chapman will serve as regional sales manager. Located in Southern California, he will be responsible for expanding Triumph’s equipment finance origination to transportation and construction businesses throughout the West Coast region. Chapman joins Triumph with over 18 years of experience in the equipment finance industry. Prior to joining Triumph, he served as VP, district sales manager at GE Capital Solutions, where he worked directly with dealerships and fleet customers. Previously, he served as finance and insurance manager at TEC of California. He has also served at CitiCapital Commercial as a collection manager and DHX as a credit and collection manager.

“As we continue to develop our national presence, we are adding the necessary talent to facilitate our growth,” said Dan Karas. “The wealth of experience Jim, Mark and Jason bring to Triumph within their respective areas of expertise will benefit our organization and the businesses we serve. I am excited to have them as a part of the Triumph Commercial Finance team.”