Lighthouse Financial announced that Ben Riley was hired as VP, Business Development to cover the Mid-Atlantic region including Virginia, Maryland, Delaware, West Virginia, Pennsylvania and New Jersey.

Riley is an industry veteran with more than 15 years of financial sales experience, most recently as senior vice president with Gibraltar Business Capital. Earlier in his career, Riley worked with Marquette Commercial Finance and Diamond Business Credit, both in business development roles. Riley also served as senior new business agent with Euler Hermes ACI, the world’s largest trade credit insurance company.

Riley will be based in Greensboro, NC, and his primary responsibilities will include the marketing of Lighthouse’s product offerings, origination of new asset-based loan opportunities and sourcing of collateral monitoring assignments with community banks lacking sufficient staffing or in-house expertise.

Commenting on Mr. Riley’s hiring, Lighthouse president J. Brad Leach said “We are delighted to have Ben Riley join Lighthouse given his background and experience in commercial finance. We are focused on strategically increasing the size of our loan portfolio and Ben’s addition will permit us to work more closely with potential clients and referral sources in the market areas we seek to serve more effectively.”