Daily News: May 14, 2019

Simhauser Joins California Bank of Commerce Northeast ABL Team

California Bank of Commerce (CBC) added Mark J. Simshauser to its asset-based lending team, known in the market as CBC Business Credit. Simshauser will serve as senior vice president of Business Development and will be responsible for loan growth throughout the Northeast United States.

CBC Business Credit assists companies that have assets-in-hand to secure additional capital for continued expansion and growth. Simshauser will work with small and lower middle-market companies in sourcing and executing new senior secured financing up to $10 million.

“We believe there is a tremendous opportunity to bring highly-customized banking to growing businesses in the Northeast,” said Amy Efland, sales manager for CBC Business Credit. “Mark’s successful track record in building profitable loan portfolios, strong business relationships and his expertise in secured collateral lending are paramount for the bank’s implementation of a dedicated client-based services platform anchored in the region.”

Simshauser most recently worked with Texas-based Triumph Commercial Finance where he served as Northeast regional manager for the past five years developing and managing a successful asset based and factoring loan portfolio. Prior to Triumph, Mark held vice president positions with Crestmark Bank, TAB Bank, HSBC Business Credit and Greystone Business Credit.

California Bank of Commerce, offers a broad range of commercial banking services to closely held businesses and professionals located throughout the San Francisco Bay Area.