Daily News: September 27, 2012

The PrivateBank Names Becue Managing Director in ABL Group

The PrivateBank announced Mark Becue has joined the company as managing director and will focus on new business development for asset-based and commercial lending.

Becue joined The PrivateBank from Cole Taylor Bank and has more than 30 years of experience in financial services, including as a senior vice president of originations at GE Capital. He has worked with commercial middle market companies to structure a variety of lending solutions.

“We are pleased to add Mark to the team as we look to better serve our clients and grow our business,” said Bruce Denby, co-head of Asset-based Lending at The PrivateBank. “In times like these when a company’s earnings history may be uneven, asset-based lending is a way to tap the value of existing assets to finance initiatives such as expansion, turnaround, recapitalization or other business needs. Mark has the experience to help companies structure these and other appropriate transactions in the most effective way.”

Becue holds a bachelor’s degree in accounting from Syracuse University and is a Certified Public Accountant (CPA).

The PrivateBank is a part of PrivateBancorp, Inc., and delivers customized business and personal financial services to middle-market companies, as well as business owners, executives, entrepreneurs and families in all of the markets and communities it serves.