Daily News: August 8, 2012

Capital One Expands Commercial, Specialty Finance Team, Adds Varney

Capital One Bank announced the appointment of Laurel Varney as vice president, Commercial and Specialty Finance. Varney will primarily be responsible for managing client relationships with both existing and prospective customers throughout the Southwest, including Dallas and Houston.

“With more than 15 years of experience in the commercial finance industry, Laurel brings a deep knowledge of cash-flow and asset-based lending to our regional team,” said Mike Ehlert, senior vice president and regional manager, Capital One Bank. “Her expertise will be of great benefit to our team and we look forward to her future success in this role.”

Prior to joining Capital One Bank, Varney was an account manager at CLMG Corp/Beal Bank in Dallas. Throughout her banking career, Varney served as vice president in Wells Fargo’s Lender Finance division and spent over seven years at JPMorgan Chase, eventually being promoted to field vice president of the bank’s Asset-Based Lending division. Varney started her career at the Internal Revenue Service.

“I’m thrilled to be a part of Capital One Bank’s growing Commercial Bank team as we expand our footprint in the Southwest,” added Varney. “It is great to be part of a dynamic team that is committed to creating effective, value-driven products for its clients.”

Varney received her B.A. from Union University, an M.S. in Accounting from the University of Texas at Dallas and she is a Certified Public Accountant.

Capital One Bank’s Commercial and Specialty Finance Business serves clients through a team of more than 200 associates with expertise in healthcare, security and defense, technology, asset-based lending, rediscount finance and equipment leasing and finance.