Business Services Industry
Merrill Lynch looks for lift in lending unit.(Merrill Lynch & Co. wants to boost commercial lending in Cleveland and nationwide)(Brief Article)(Statistical Data Included)
Crain's Cleveland Business, October, 2000 by STACKLIN, JEFF
The banking industry's efforts to offer customers more services, including financial planning, have spurred investment firm Merrill Lynch & Co. to counterpunch by stepping up the attention it pays to commercial lending in Cleveland and nationwide. Leading that effort locally is Lisa M. Shutack, who joined the Cleveland office in July as the finance manager of Merrill Lynch's business financial services division.
New York-based Merrill Lynch lured Ms. Shutack away from Firstar Bank NA in Cleveland, where she had been vice president of commercial lending since 1997. Ms. Shutack previously was an assistant vice president at National City Bank in Cleveland. "It was important that we had someone from a lending background who knew the landscape," said Michael...
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