Webster Bank appointed Chris McKernan managing director of asset-based lending originations in an effort to expand its asset-based lending division. Based in Seattle, McKernan will cover the Pacific Northwest and Northern California areas.
David J. Viggiano joined People’s United Business Capital as senior vice president and sales manager, responsible for new business originations for the New York, New Jersey and Philadelphia metropolitan areas.
Investors Bank jumped into asset-based lending late last year as part of a strategy to diversify its lending products. The group’s new executive team provides insights into how they intend to keep the customer at the center of the process by offering complete depository services plus robust ABL products, encompassing revolvers, term loans and equipment finance.
ABF Journal illustrator Jerry Gonzalez provides his take on Investors Bank’s launch of an ABL group to be led by David Viggiano.
Investors Bank said it is launching an ABL group to be led by David Viggiano, group head, and Joseph DeVito, SVP and director of Business Development. Viggiano previously served as an SVP at GE Capital. DeVito joined from Sterling National Bank.