Sterling National Bank expanded its Commercial Banking and Commercial Finance business units with four new hires in New York and New Jersey.
Lawrence “Larry” Cannariato joined Sterling National Bank’s Asset-Based Lending division as vice president, senior underwriting manager. He will report to Michael Haddad, president of Capital Finance.
Sterling National Bank provided credit facilities totaling $5.7 million to LCP Machine to support its acquisition by Miami-based private equity firm, White Wolf Capital.
Sterling National Bank added 11 new hires to its Commercial Banking and Commercial Finance teams. The team members will be located in Long Island, Westchester County, NY, the New York Metro area and the West Coast.
Tree Line Capital Partners expanded its lower middle-market direct lending platform with $267 million of new capital. The company also promoted Frank Cupido to partner.
C. Terry Adkins has joined Sterling Bank as vice president and managing director of commercial services. Adkins will report directly to Adam Dejak, SVP of Sales at Sterling.
Sterling National Bank hired Citibank veteran Priti Capoor-Savage as a managing director and senior vice president in its Iselin, NJ office.