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Category: Executive Profiles

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As a Turnaround Takes Hold, CIT Rededicates Itself to Equipment Finance

The severe economic downturn of recent years has seen many equipment lenders leave the business or sharply curtail their activities, and CIT was no different, downsizing its Diversified Industries Group in 2007. Central to this strategy is the appointment of a senior CIT veteran, Belcastro, well-known both inside CIT, as well as throughout the asset-based finance industry, as a knowledgeable and experienced professional.

January 31, 2012 | ABF Journal

Mike Maiorino & People’s United Business Capital: At Home In the Middle

With a seasoned team on board nimbly assembled in 90 days last summer, Mike Maiorino finds himself at home at People’s United Bank where he was tapped to launch People’s United Business Capital. While the model maybe “right down the middle” in terms of the broad spectrum of asset-finance companies, when it comes to customer’s and their financing needs, Maiorino shuns a “one size fits all” approach.

January 31, 2012 | ABF Journal

Crystal Financial Revisited — Five Years Later & Three Times Charmed

Ward Mooney, Colin Cross and Michael Pizette are no strangers to success. Despite their collective achievements, these veteran lenders point out that the ultimate beneficiaries of all their hard work are the dozens of companies struggling to make their way in an unfriendly credit environment — companies that without their help, could very likely become casualties of an economy still struggling to recover.

November 1, 2011 ABF Journal

Armed With a Unique Platform and Intense Passion for ABL, AloStar Business Credit is Ready to Serve Its Market

How do two ABL industry executives turnaround an ailing correspondent banking business into an ABL powerhouse? For Andrew McGhee and Michael Gillfillan, executives at AloStar Bank of Commerce and AloStar Business Credit, the answer comes quite easily. Remember who you are and do what you do well. Armed with a unique platform , a top notch staff and an intense love of the ABL business, McGhee assures this relative newcomer is open for business.

November 1, 2011 | | | ABF Journal

Asset-Based Lending Team Joins Rockland Trust to Expand Middle-Market Lending — Chris O’Connor, SVP, Leads New Initiative

In August, Rockland Trust expanded its commercial lending capabilities by hiring an experienced team of asset-based lending professionals who recently worked together at Webster Business Credit. Led by Chris O’Connor, senior vice president of asset-based lending at Rockland, the unit is poised to build on the 104-year-old bank’s strong regional reputation and robust growth in commercial lending over the past five years.

November 1, 2011 ABF Journal

FTI’s New Co-Leaders of Corporate Finance & Restructuring: For a Couple of ‘Client Service Guys’ Optimism and Opportunity Abound

This summer, ABF Journal readers learned that Robert (Bob) Duffy and Kevin Lavin had been appointed to co-lead FTI’s Corporate Finance/Restructuring practice thereby joining the executive committee comprised of practice leaders of the firm’s five key business segments. While many would fret at what lies ahead in this relatively slow period for traditional restructurings, these self-admitted “client service guys” only see advantages and opportunities.

October 1, 2011 | | | ABF Journal

FirstMerit Business Credit: Launched in Adverse Times, This Two-Year Old Sets Its Sights High

Launching an ABL group in the face of the worst recession since the Great Depression proved to be a rewarding challenge for industry veteran Douglas Winget, president of FirstMerit Bank Business Credit. Starting in Q1/09, Winget has successfully developed the ABL’s strategy, management team, territory and originations, and its pipeline for the remainder of 2011 is stronger than it’s ever been.

August 1, 2011 | | ABF Journal

A Man for All Cycles …TD Bank’s Walter Owens is Bullish on ABL

In February of this year, TD Bank’s Commercial Banking division received three Greenwich Excellence Awards for its middle-market banking capabilities. At the head of it all sits Walter Owens. Regarded by one colleague as a “true visionary in the business” who fortified TD’s ABL shop while others retrenched, it appeared to be the right time to find out what makes Owens tick.

May 2, 2011 | | Rita Garwood

Castle Pines Joins WFCF to Serve Technology Resellers, Vendors & Distributors

In 2003, John Schmidt, Mike Gallagher and Chuck Lillis founded Castle Pines Capital to design and manage channel finance programs for technology equipment manufacturers and distributors. The new company received its first bank financing in 2005 from the Lender Finance Division of Wells Fargo Capital Finance. By 2011, both borrower and lender had come to know each other’s businesses so well that an acquisition was a natural progression.

April 3, 2011 Rita Garwood