Sterling National Bank, the principal subsidiary of Sterling Bancorp, announced that Mignon Winston and Mark Long have joined the Bank’s Asset Based Lending division, each as first vice president and portfolio manager. Winston and Long will be based in New York City and provide financing solutions to clients in the Metropolitan New York and Mid-Atlantic regions.
Winston has more than 25 years of credit and portfolio management experience. Previously, she served as senior vice president/ABL credit officer at First Capital. She has held senior positions at Wells Fargo Bank, CIT Group, Chase Manhattan Bank and Heller Financial.
Long has more than three decades of experience in Credit and Portfolio Management. Most recently, he was senior vice president and loan portfolio manager at Wells Fargo Bank. Previously, he was regional credit manager and senior credit officer at CIT and held underwriting and portfolio positions with Bank of America, Nations Bank and Security Pacific Bank.
“We are very excited to add Mignon and Mark to our growing team,” said Thomas Geisel, Sterling’s president of Specialty Finance. “They both have decades of real world experience in helping middle market companies identify and implement creative solutions to their financing challenges. Their addition underscores the rapid growth of our asset-based lending business and our commitment to providing our clients with deep industry expertise.”
Sterling National Bank’s Asset Based Lending Division provides working capital and term financing ranging from $5 million to $30 million primarily to middle-market businesses with annual sales ranging from $10 million to $250 million.