SFNet Network Notes

ABLC Celebrates Expansion with the Opening of Two New Northeast Offices

Asset Based Lending Consultants announces it has a stronger presence in the New York Tri-State Area with not just its new office in Connecticut, led by Patrick Chemngorem, CPA, but with the opening of its New York Metropolitan area office, headed up by Dustin Fitzpatrick, as of June 1, 2020. The presence of these two offices now gives it an opportunity to assist lenders within the Tri-State area in an ever-busy and ever-changing market.

Allied Affiliated Funding Appoints Kimberly Smotherman Chief Credit Officer, Factoring and ABL

Allied Affiliated Funding is pleased to announce that Kimberly Smotherman joined the company in February 2020, serving as the division’s chief credit officer. Smotherman will be responsible for credit risk management and portfolio oversight. 

CIT Announces Community Support for those Affected by COVID-19

CIT outlined a $1 million community commitment to support those affected by COVID-19. These resources will provide some immediate relief to New York City and L.A. County, the respective headquarters for the company and its bank subsidiary. In addition, it will provide support for several community initiatives across the company’s footprint that aim to provide relief to those impacted by the pandemic, with approximately half of the funding supporting nonprofits assisting small businesses in California.

Citizens Commercial Banking Hires Don Mastro as head of Asset-Based Lending Portfolio Management.

Don Mastro, who will be based in Chicago, most recently managed a team of professionals overseeing $6 billion of assets as the central region ABL Portfolio Management leader at Bank of America. 

New Business Development SVP Mark Pickering Brings 25-Plus Years of Experience to Gibraltar’s Team

Gibraltar welcomes Mark Pickering as the newest member of its expert business development team. He is an SVP based in Atlanta, covering the states of Georgia, Tennessee, Alabama, and Mississippi.

Gordon Brothers Names Laurence Sax as Chief Operating Officer

As COO, Laurence Sax will lead Gordon Brothers’ finance, accounting, treasury, financial planning, corporate development, and information technology functions.  He brings over 30 years of operating, finance, and turnaround and restructuring experience to the firm. 

Gordon Brothers Names Evren Ozargun as Managing Director of Corporate Development and Credit

In his role, Evren Ozargun will serve as advisor to senior leadership, helping set and execute the firm’s strategic agenda, including identifying and supporting new initiatives, pursuing new alliances, and structuring complex transactions.  

Gordon Brothers Names Steven Holstein Head of Business Development

Steven Holstein will be responsible for building, driving, and leading global business development, including research, sales, and marketing strategies. 

Greenberg Traurig Continues Growth in Boston; Adds Corporate Shareholder

Greenberg Traurig, LLP has added Jason S. DelMonico to its Boston office as a shareholder in the firm’s Corporate Practice. DelMonico is a banking and financial services attorney with over 20 years of experience representing major financial institutions and other commercial lenders. 

Hitachi Business Finance Welcomes Mark Simshauser to Business Development Team

Mark Simshauser will concentrate his efforts on attracting new factoring and asset-based lending clients across the United States. He is based in the New York region and is responsible for connecting with business owners and trusted advisors and communicating the variety of flexible financing options offered by Hitachi Business Finance. 

Huntington Commercial Banking Director Rick Remiker Announces Plan to Retire

After more than 38 years in financial services, Huntington Commercial Banking director Rick Remiker has announced his decision to retire in May 2020. Scott Kleinman, a 28-year Huntington veteran, will succeed Remiker as Commercial Banking director and will serve on the bank’s executive leadership team. 

KeyBank Names Greg Jones as Chief Diversity, Equity, and Inclusion Officer

In this role, Greg Jones will be accountable for leading the strategy and tactics to improve the acquisition, movement, development and retention of diverse talent and suppliers. 

MUFG Pledges $3 Million to Support Those Affected by COVID-19

Mitsubishi UFJ, Financial Group (MUFG) announced that given the global impact and disruption of COVID-19, the company is taking measures to support communities in which it serves across the United States, Latin America and Canada, as well as clients and colleagues.

Santander US Announces Leadership Appointments

Santander Holdings USA, Inc. announced that Brian R. Yoshida has been named chief legal officer, effective May 4, 2020, and Joe Abruzzo has been named head of Commercial Banking for Santander Bank, N.A. 

John Todd (JT) Joins SG Credit Partners

SG Credit Partners (SGCP) announced the hiring of John Todd (JT) as a managing director in Chicago, IL. 

Tech Capital, LLC Hires Randall Haney as its Vice President of Business Development

Randall Haney will be responsible for business development. An industry veteran with extensive experience in both factoring and asset-based lending, Haney has been in the commercial finance industry for more than 35 years. 

Wingspire Capital Hires David Phillips as Managing Director in the Atlanta Office

David Phillips will be responsible for business development activities in the Southeast and Texas. He brings over three decades of origination and business development experience in asset-based lending. 

IN MEMORIAM

Joseph Pollicino passed away peacefully at home and surrounded by family on Friday, March 20, at the age of 80 after a nearly year-long battle with pancreatic cancer.

Born on December 22, 1939 in New York’s Lower East Side, Joe also resided in Brooklyn and Bethpage before moving to Manhasset, where he lived the past 39 years while also spending time in Jupiter, FL and Westhampton Beach. 

Professionally, Joe had a distinguished 43-year career in finance, starting at Manufacturers Hanover Trust as a teller and rising eventually to become the vice chairman of CIT Group.

Joe made everybody feel special with the same enthusiastic greeting and was known for always being the person who loved to help others with any challenge. He has received numerous recognition awards from different charities for his various philanthropic work including hospitals, educational institutions, social services, and military support groups. He was a true living legend, admired and loved by all.

The ultimate family man, Joe is survived by his wife of 61 years, Margaret, younger brother Paul (Maria), three children, Joseph Jr. (Maureen), John (Diane), and Kerry (Tom), and seven grandchildren, Joseph III, Ryan, Brendan, Patrick, Lindsey, Owen, and Maggie. A devoted husband, father, grandfather, and friend, Joe will be sorely missed by all his family and friends.