CIT Group named Chris Esposito managing director in charge of its newly expanded asset-based lending business. Esposito will be responsible for managing the asset-based lending team and overseeing the national ABL business.
CIT Group‘s asset-based lending team served as administrative agent for a new $185 million senior secured, asset-based credit facility for Orscheln Farm and Home, a retailer of farm and home improvement supplies.
Emily Vaughan Alexanderson was tapped to lead a new banking group within Santander Bank’s Commercial Banking division that will focus on the needs of clients in the non-profit and educational industries, among others.
Santander Bank appointed David Harnisch head of portfolio management, underwriting and strategy in its commercial banking division. Harnisch joins from Citizens Financial where he held a similar position.