CIBC promoted Alan Spurgin to head of U.S. Innovation Banking, a full-service lending team that delivers strategic advice and funding to technology and innovation clients.

“Our ability to uniquely serve the innovation economy is a product of strong industry experience and relationships,” said Bob Frentzel, president of Specialized Industries and Treasury Management at CIBC Bank USA. “Al brings over 25 years of expertise and strategic partnerships to our team as we continue providing tailored advisory and financing to clients in this fast-evolving and growing sector.”

After joining CIBC in 2018,. Spurgin successfully launched the Innovation Banking practice in the Southeast U.S. He previously served as region director for Bridge Bank/Western Alliance Bank, where he led technology and asset-based lending efforts in the Mid-Atlantic and Southeast regions.

Previously, Spurgin co-founded Latitude Growth Partners, a corporate finance and strategic consultancy focused on high growth companies. He has also held executive leadership roles at Square 1 Bank and Silicon Valley Bank, leading sales organizations across a broad range of geographies and functional units.