Michael Record joined Northwest Bank as executive vice president and head of restaurant and franchise finance. In this new role, Record will build out Northwest Bank’s restaurant and franchise finance business line as part of its commercial lending portfolio.
“Michael brings a wealth of experience in risk management and originations to Northwest, making him the ideal candidate to lead the bank’s restaurant and franchise finance banking vertical line,” Jay DesMarteau, chief commercial banking officer at Northwest Bank, said. “We’re thrilled to welcome Michael to Northwest and look forward to enhancing our commercial portfolio under his leadership.”
Prior to joining Northwest, Record served as senior vice president and head of McDonald’s lending group at City National Bank. There, he migrated the bank’s McDonald’s lending program to become fully functional under the McDonald’s Blankert Landlord Subordination Agreement and collaborated with McDonald’s to obtain preferred lender status. He previously held additional restaurant and franchise finance leadership roles at Bridge Funding Group, Wells Fargo and TD Bank.
“I look forward to joining the exceptional commercial banking team at Northwest and leveraging my previous experience and contacts to establish [and] provide best-in-class lending options to franchises across the bank’s footprint,” Record said.
