Encina Lender Finance Expands and Strengthens Senior Management Team With Addition Of Four Industry Veterans and Key Promotion

Atlanta, GA – July 14, 2022 – Encina Lender Finance, LLC (“ELF”) announced today a significant expansion to its executive leadership team designed to bolster the company’s position as a leading nonbank lender finance platform serving both commercial and consumer specialty finance companies in the U.S. and Canada.

The new hires are as follows:

Edward Chang – Chief Executive Officer: Mr. Chang joins the company from Wells Fargo Bank where he spent the previous 15+ years in various senior credit roles of increasing responsibility. Most recently, he led the portfolio management function for the lender finance group within Wells Fargo Capital Finance, which provides credit facilities to a range of specialty finance companies across the United States. Mr. Chang is based out of ELF’s headquarters in the Atlanta metropolitan area.

Mark Kassis – Head of Risk Management, Commercial Vertical: Mr. Kassis, who will be joining the company from Regions Bank later in third quarter, is a 30+ year veteran of the commercial finance industry. Most recently, he has held various senior credit positions at Regions Business Capital with a primary focus on lender finance and asset-based lending. Mr. Kassis will be based out of ELF’s headquarters in the Atlanta metropolitan area.

Bill Laird – Head of Risk Management, Consumer Vertical: Mr. Laird, who will be joining the company from Wells Fargo Bank in August, has been lending to consumer finance

companies for 30+ years. Most recently, he served as the National Portfolio Manager at Wells Fargo Preferred Capital with oversight responsibility for a range of consumer finance companies. Mr. Laird will be opening a new office for ELF in the Philadelphia metropolitan area.

David Mattei – Managing Director, Funding Strategy: Mr. Mattei joins the company from GE Capital where he spent 20+ years developing and executing a variety of funding structures across a diverse range of both commercial and consumer asset classes. Most recently, he served as Director of Analytics, Investor Reporting and Program Management. Mr. Mattei will also provide support to ELF’s sister company, Encina Private Credit, and is based out of Encina Private Credit’s offices in Norwalk, CT.

In addition to these significant new hires, ELF expects to announce further hires in the coming

months.

ELF also announced today the following promotion:

John Thomas – President & Chief Operating Officer: Mr. Thomas, who is a 30+ year veteran of the commercial finance industry, joined ELF at its launch in October 2020 with a primary focus on developing the company’s risk infrastructure. In his newly expanded role, he will now have responsibility for operations/treasury, systems and portfolio analytics. Prior to joining the company, Mr. Thomas most recently served as the Head of Lender Finance at AloStar Bank. He is based out of ELF’s headquarters in the Atlanta metropolitan area.

ELF also announced today that Luke Graham, who joined ELF at launch as its Chief Executive Officer, has left the company to pursue other opportunities. In connection with these announcements, Andrew Salter, Executive Chairman of ELF and Founder/CEO of Encina Capital Partners, said, “We are thrilled to have attracted such high caliber executives as Ed Chang, Mark Kassis, Bill Laird and Dave Mattei to join our already talented team at an important inflection point in our growth trajectory. We are also pleased to expand John Thomas’ responsibilities with his promotion to President and COO. Finally, we are grateful to Luke Graham for the significant contributions he made in helping us stand up and scale our platform, and we wish him well in his future endeavors.”

About Encina Lender Finance

Encina Lender Finance (ELF) offers revolving lines of credit and term loans ranging in size from $10 - $50 million to specialty finance companies (sponsored and non-sponsored) across a wide range of consumer and commercial asset classes including, but not limited to, asset-based lending, factoring, equipment leasing, floorplan financing, real estate bridge lending, tax lien/deed financing, venture debt lending, SMB lending & merchant cash advance, middle-market private credit, charged-off debt buyers, rent-to-own consumer leasing, unsecured consumer lending and specialized student lending. ELF’s customers use financing proceeds primarily to fund the origination of new finance contracts and to refinance existing debt, and ELF’s loans are secured by portfolios of notes, loans and/or leases. For additional information, please visit ELF’s website at: https://lenderfinance.encinacapital.com.