Daily News: July 24, 2012

Summit Hires Bahls, Powell as VPs, Business Development

Summit Financial Resources announced that Bill Bahls and Warren Powell have joined the firm as vice presidents, Business Development. Bahls is based in Philadelphia and will represent the Mid-Atlantic market. Powell is based in North Carolina and will represent the Carolinas and Virginia.

Bahls joined Summit Financial Resources from Entrepreneur Growth Capital (ECG) in New York, where he served as business development officer. Prior to EGC, Bahls served as vice president, Business Services for Newtek Business Services in New York and vice president, Marketing for Presidential Financial in New Jersey. He has also served in various roles for leasing companies in the Philadelphia area, including six years as president of CCI Leasing. Bahls serves as the current president of the CFA in New Jersey and is a member of the RMA and TMA.

Powell joins Summit Financial Resources from Prestige Capital, where he served as sales director for the Southeast. Prior to Prestige, Powell served as vice president, Sales and Marketing for Magnolia Financial and also as business development manager for Private Business, Inc. in North Carolina. Powell has a Bachelors Degree in Psychology and Business from East Carolina University, and is a member of the CFA, TMA, and IFA.

Andrew Osborn, SVP and national sales manager of Summit Financial, said, “We are pleased to welcome Bill and Warren to the Summit team. Their long-standing market presence will be a valuable addition to our East Coast business development team, and both gentlemen add considerable commercial finance experience to our sales force.”