Wintrust Business Credit (WBC) added Joe Panico as senior vice president of business development, growing WBC’s footprint in the Great Lakes region as part of the group’s expansion into new markets.

With a robust business development and deal structuring background, Panico brings a wealth of experience to WBC. His track record in fostering strategic partnerships and driving business growth aligns seamlessly with Wintrust’s vision to expand its presence in the eastern Midwest and Northeast. Panico’s ability to identify opportunities, analyze market trends and develop tailored financing solutions will further strengthen WBC’s position as a provider of asset-based lending and working capital financing solutions.

“I’m eager to join a prestigious organization with an unmatched reputation for providing capital solutions to middle-market companies,” Panico said. “As many national and regional banks reduce their risk appetite, Wintrust continues to be in the market providing critical working capital support to the backbone of our economy.”

“We are excited for Joe to join Wintrust Business Credit,” Jason LeuVoy, group senior vice president and national head of originations at WBC, said. “Joe has been a leading presence in Ohio, and the broader Great Lakes market, for several years. Bringing Joe on board will allow WBC to expand our delivery of best-in-class senior debt and working capital solutions to middle-market borrowers across various industries and situations. We believe Joe will be a great asset to the team, supporting our overall growth strategy and helping our clients achieve their goals.”

Panico joined Wintrust with asset-based and commercial lending experience, most recently at Pitney Bowes Bank, where he served as division manager of working capital lending, leading the national working capital lending business. Before Pitney Bowes, he founded an asset-based lending business for a $23 billion bank and spent a decade at PNC Bank.