Plaza Bank hired Heather Hinrichs as senior vice president and director of Asset-Based Lending (ABL). In this role, she is responsible for expanding Plaza Bank’s ABL business, a key growth area for the bank.

Hinrichs is based in El Segundo, CA and serves clients throughout Southern California with an expanding full-service solutions support team. An expert in asset based, she applies her creative banking practices to help small- and medium-sized businesses to address their various business and financial needs with loans up to $25 million.

Prior to joining Plaza Bank in January, Hinrichs was the founding partner of Coco Capital, a boutique investment bank in Los Angeles and New York brokering asset-based and cash flow loans to commercial finance companies, banks and alternative lenders. Before that, Hinrichs held various positions with Wells Fargo Bank, Summit Investment (Fortress JV) and FGI, where she completed transactions in asset-based lending, distressed debt and international lending.

“We are excited to expand our asset-based lending business and believe Heather is exactly the person our clients have been waiting for,” said Rick Sowers, president of Plaza Bank. “Her background working with lenders and capital providers over the last 15 years gives her a broad and deep network unmatched in this space.”

Plaza Bank is a full service community bank serving the business and professional communities in Southern California and Las Vegas.