U.S. Bank hired Daniel Stampfel and Mitch Rubin as senior vice presidents of its asset-based finance division. The hires are part of a strategy for the broader U.S. Bank commercial banking team to continue its expansion in Texas and across the country to better serve middle-market clients.
Based in Dallas, Stampfel will lead efforts to provide asset-based credit solutions for businesses across Texas. Stampfel was most recently with JPMorgan Chase, where he served as an executive director and led a national asset-based lending credit team. Stampfel also was a senior vice president at PNC, where he was responsible for underwriting commercial ABL transactions. Stampfel has more than 20 years of ABL experience. He is also a board member for the Fine Arts Chamber Players in Dallas.
Based in New York City, Rubin will lead the bank’s efforts to provide asset-based credit solutions for businesses across the Northeast. Rubin was most recently with PNC Business Credit, where he served as a vice president and was responsible for ABL originations and portfolio management and focused on private equity and middle-market clients. Prior to PNC, Rubin worked as an ABL relationship manager for Wells Fargo Capital Finance.
“Daniel and Mitch both have the asset-based lending experience and expertise to deliver immediate value for our clients in Texas and the Northeast,” Samuel Philbrick, head of asset-based finance at U.S. Bank, said. “We had a record year for asset-based lending in 2021. These two strategic hires will help us continue our momentum and deliver innovative asset-based financing solutions to more businesses.”
