Among CFA Members

Secured Lender, The, Jul/Aug 2007

Bibby Financial Services has expanded its U.S. business with the establishment of a dedicated division focused solely on the funding and payroll management services for staffing companies. The subsidiary will be called Bibby Staffing Finance (BSF) and will be based in Chicago.

Scott Townsend was appointed senior vice president of sales for the Atlanta region. In his new role, he will be responsible for building a team of business developers in the Southeast to enhance the strong presence that Bibby Financial Services presently enjoys in the region. Bill Craft has been appointed to vice president of sales for the Central and Northern Florida region.

Bibby Financial Services will raise lending limits for new clients to facilities of SlO million from $5 million. During the celebrations of the 200th anniversary of the founding of the Bibby Line Group, Bibby has decided to extend the range of businesses they support with their working capital needs through receivables finance and purchase order financing.

Blue Diamond Capital: Mary Kay Parsek joined as senior vice president. She will be primarily responsible for underwriting loans in the Blue Diamond portfolio, and will also provide asset-management services. She is located in Kirkland, WA. Brent Edward Carey, based in Long Beach, CA, joined as senior vice president. His primary responsibilities will be originating high-yield senior and subordinated debt transactions, as well as nonperforming and subperforming loan acquisitions, and assisting with asset management. Jeffrey Koslowsky, located in Scarsdale, NY, joined as vice president. In his role, he will be primarily responsible for asset management of loans in the Blue Diamond portfolio, and will also provide underwriting and origination expertise.

Bridge Finance Group: John Rosin has joined the company as director in the Atlanta office to help address the growing need for financial services in the market. Matt Stanley has joined as a director to help manage growing needs in the Chicago headquarters office.

Burdale Capital Finance: Scott Elliotto has joined as a director of originations. He can be contacted at: Burdale Capital Finance, 300 First Stamford Place, Stamford, CT 06902; Tel: 203-391-5923; Cell: 203-5701267; Email: selliotto@burdale.com.

Capital Business Credit LLC: Anthony Verderame has been named senior vice president and business development officer. Mr. Verderame, previously regional customer credit portfolio manager, will focus on the company's traditional industries of apparel, textiles and home furnishings in the western U.S. and work to expand its services into new markets. Lou Sulpizio has been named senior vice president and senior account executive. He will be responsible for handling portfolio and credit management with an emphasis on marketing and business development in the western United States.

CapitalSource: Thomas C. Rapone has joined its Security Lending Group as a business development officer. Mr. Rapone has more than 20 years of diverse experience in federal and state criminal justice agencies as well as over 10 years' experience in executive management and government relations in the private corrections and security industries.

Celtic Capital Corporation is pleased to welcome Brian E. Tucker as vice president - client development. Having worked in both the assetbased and banking community for many years, Mr. Tucker brings extensive knowledge and experience to Celtic, where he will be a significant contributor towards Celtic's continued growth and expansion.

Citizens Financial Group, Inc. has changed the name of its asset-based lending unit to RBS Business Capital, operating previously as Citizens Business Capital and Charter One Business Capital.

Capital TempFunds, a leading lender specializing in financing the staffing industry, has named Brian Nagle vice president of business development for the northeast United States. Most recently a regional sales manager at Advance in Ohio, he joins Capital TempFunds with over seven years' experience in new business development.

Commerce Funding Corporation, acquired by Wells Fargo a year ago, will now do business as Wells Fargo Business Credit - Factoring, Government Services Group.

Crestmark Bank has made the following appointments: Andrew Barrow-vice president, Ron Davis, vice president-bank relationship manager and Ronald Hakes, vice president-bank relationship manager. David Tull, Crestmark's chairman and CEO, made the announcement.

Mr. Barrow will be responsible for business development asset-based activity in Maryland, New Jersey and metro New York and Philadelphia. Mr. Davis will coordinate partnerships with community banks. Previously, he was regional vice president of SmartStep Solutions, where he sold financial solutions to community banks and credit unions throughout the northeastern United States. Mr. Hakes previously served WesBanco Bank, Inc., as a senior vice president and senior lending officer in Cincinnati, OH.

Crestmark Partner Services, a wholly-owned subsidiary of Crestmark Bank, has appointed Kim Sheets to partner services director - Southeast.