MidFirst Business Credit, a division of MidFirst Bank, added two senior commercial finance professionals to its growing team. Norb Schmidt and David Ellington join MidFirst Business Credit from Cadence Bank’s asset-based lending group and will each be taking on senior roles spanning sales, business development and origination across the Southeastern United States.
“We are pleased to welcome Norb and David to the MidFirst Business Credit team,” John Nooney, president of MidFirst Business Credit, said. “Each of them brings a distinguished track record in asset-based lending and deep relationships across the markets they serve. Their addition reinforces our commitment to building a best-in-class middle market commercial finance platform with a truly national reach.”
Schmidt joins MidFirst Business Credit as managing director and national sales manager, where he will lead the firm’s business development efforts across the United States. Schmidt brings more than 15 years of experience from Cadence Bank, where he led the Cadence Business Finance team, providing customized asset-based financing solutions to middle market companies. Throughout his career, Schmidt has gained broad experience in underwriting and portfolio management across a variety of bank and non-bank platforms. Schmidt is a senior active member of the Secured Finance Network (SFNet), the Turnaround Management Association (TMA) and the Association for Corporate Growth (ACG).
“I have spent my career in asset-based lending because of the difference it makes for mid-sized businesses navigating complex financial situations,” Schmidt said. “MidFirst Business Credit’s approach, combining the strength and stability of a large bank with the flexibility of a privately held company’s commitment to client service, is what drew me here. I look forward to helping more middle market companies across the country access the financing they need to grow and adapt to a rapidly changing economic and business environment.”
Ellington joins as managing director and business development officer, responsible for the entire Southeastern market. After joining Cadence Bank in 2019, he held several roles at Cadence Business Finance including director of origination and vice president of underwriting. He is also President of SFNet’s emerging leaders board and an active member of TMA and ACG.
