CIBC has added asset-based lending capabilities to its Cleveland office with the addition of Joe Panico as managing director of Business Development.
“Michigan, Ohio and Pennsylvania are home to many great middle market businesses that are in need of tailored lending solutions. With Joe’s deep expertise providing asset-based lending solutions to companies, we are excited to have him begin working with new clients throughout the region.” said Bruce Denby, managing director and co-head of U.S. Asset-based Lending at CIBC. “CIBC’s already strong commercial banking capabilities and client-focused approach in the region will align well with Joe’s market focus.”
Panico joins CIBC from WNB Specialty Finance, where he most recently served as senior vice president and northeast regional manager. There, he was responsible for originations.