Bridge Bank announced the recent hiring of two seasoned bankers to support growth in its Capital Finance lending group in the Mid-Atlantic and Southeast regions. David Mitchell was hired as senior vice president and market manager, and Todd Runge was hired as senior vice president and business line manager.

Based in Atlanta, Mitchell and Runge will be responsible for extending Bridge Bank’s asset-based lending business lines to small and mid-sized growth companies.

Mitchell joins with 20 years’ experience in banking and a strong track record of delivering tailored solutions to clients. Previously, Mitchell was with Action Capital where he provided accounts receivable financing to clients working with the federal government. Prior to that, Mitchell was vice president and principal banker with Wells Fargo Business Banking, as well as a vice president in Commercial Banking for Citizen’s Trust Bank where he managed the bank’s partnership with the Department of Transportation and its short term lending and leasing programs. He also spent four years with GE Capital, working in its Corporate Leasing, Small Business Capital and SBA Lending units.

Runge, with more than 28 years of senior management and operations experience, was most recently vice president and senior portfolio manager for Synovus Financial’s portfolio of asset-based loans. Previously, he was responsible for asset-based loans at UPS Capital and Textron Financial. He also served as portfolio manager for CIT Equipment Financing Group’s franchise loan business and had oversight of a portfolio of asset-based and floorplan loans for Deutsche Financial Services technology division.

“The products and approach of our Capital Finance group have provided substantial value to a long list of growth companies in our geographic market,” said Alan Spurgin, senior vice president and Mid-Atlantic/Southeast region director at Bridge Bank. “Bringing on seasoned, asset-based finance professionals like Todd and David will fast-track our growth in these key markets for Bridge Bank,” he added.

Atlanta-based Bridge Bank is a division of Western Alliance Bank, the go-to-bank for business in its growing markets.