MidCap Business Credit announced the promotion of three internal officers to the executive positions of president, executive vice president/Risk, and senior vice president/sales manager.

MidCap Business Credit founder Richard Mount was promoted to executive chairman/risk management of parent company, MidCap Holdings LLC.

Chairman and CEO of MidCap holdings Jeff Black stated, “From its inception, MidCap Business Credit has employed unique and superior risk management and operational procedures developed by Richard. As we continue to expand our specialty finance platforms at MidCap Holdings, it’s critical that we bring to each of these platforms the best practices developed by Richard over his forty-eight year career.”

Steven Samson was appointed president of MidCap Business Credit. Most recently, Samson served as executive vice president, responsible for the Risk, 25 years in leadership positions with People’s United Bank, GE Capital and RBS Citizens Business Capital.

Peter Rutigliano has been appointed executive vice president/Risk. Rutigliano has been with MidCap since February 2011 and has been responsible for the underwriting and portfolio management functions. Rutigliano’s career in asset-based lending has spanned 20-plus years in roles ranging from management of field examination and credit analysis functions to relationship management. Prior to his banking career, he was employed as an accountant in regional public accounting firms.

Seth Cooper has been appointed senior vice president/sales manager, and will continue his direct calling efforts in the Northeast. Cooper has spent the last 15 years building asset-based businesses for both large regional banks and independent commercial finance companies. He is a former board member of the CT Turnaround Management Association and is an active member of the Turnaround Management Association, the Association for Corporate Growth and the Commercial Finance Association.