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Cogent Bank’s Specialty Lending Group Doubles Growth in one Year
February 15, 2022
By Cogent Bank
ORLANDO, Fla. (Feb. 15, 2021) – Cogent Bank announced today that its Specialty Lending Group doubled its loan commitments from $100 million to $200 million in 2021.
Cogent Bank’s Specialty Lending Group focuses on asset-based lending, lender finance and recurring revenue lending, with transaction size ranging from $1 million to $15 million. Mike Skat, Executive Vice President of the Group, credits his highly skilled and dedicated team for producing such outstanding results. During another challenging year, Cogent’s Specialty Lending Group was able to assist many new clients, as well as existing clients, with additional lending opportunities.
Skat credits several individuals for their outstanding efforts in 2021. Abbey Henderson, SVP, Managing Director; Cristina Brabson, VP, Specialty Lending Operation Officer; and Gabby Torres, Specialty Finance Administrator each played critical roles in the group’s success. In addition, Skat made two key hires in late 2021 with Patty Ingram, SVP, Director and Monica Tucker, VP.
During another strong year of growth in 2021, Cogent expanded to eight locations in Florida and hired more than 60 associates. The Bank also established an industry-leading partnership to offer business clients real-time, blockchain-based payments through TassatPay,™ and through their holding company invested in Lucy Labs, a multi-strategy cryptocurrency asset management firm. Cogent, which recently relocated its headquarters from Orange City to downtown Orlando, achieved a 118% increase in revenue from 2020 to 2021.
Cogent’s Specialty Lending Group can be reached at SpecialtyLending@cogentbank.com.
About Cogent Bank
Cogent Bank is a state-chartered bank that has operated as a full-service business and personal bank since 2001. With over $1 billion in total assets Cogent offers multiple banking centers in North, Central and Southwest Florida. Cogent offers a broad range of lending, depository, treasury management and mobile banking services designed to meet the complex and diverse needs of its clients while staying focused on the local communities it serves. Cogent believes banking is personal and requires high-touch, innovative services designed to make managing financial transactions easier. Cogent pairs its financial expertise with a passion for learning more about its clients’ goals and objectives. To learn more, visit www.cogentbank.com.
