Axiom Bank expanded its factoring and asset-based lending division with the hiring of Mark J. Simshauser as senior vice president of Allied Affiliated Funding.
Based on Long Island, NY, Simshauser will be responsible for expanding Allied and Axiom’s existing commercial portfolio by working with business owners and centers of influence throughout the Northeast to find solutions that meet clients’ financial needs. He has more than 20 years of experience, half of which he used to focus solely on building transcontinental portfolios for both bank-owned and independent financial institutions.
“Mark is well known among small business owners, consultants, accountants, attorneys and business bankers in the Northeast U.S. region, making him a perfect fit for our growth plan in the Northeast,” Dan Karas, executive vice president of Allied Affiliated Funding, said. “Having worked with Mark in the past, I know his dedication and expertise in helping small business owners struggling with capital issues.”
Axiom launched its factoring and asset-based lending division in July 2018 when it acquired Allied Affiliated Funding.
