Atlantic Union Bank Continues to Expand Its Commercial Product Line with Asset Based Lending
11 Agosto 2022 - 2:30PM
Atlantic Union Bank is expanding its asset-based lending team to
help working capital intensive companies meet their financing
needs. The team will now operate as a new specialty finance
division, branded Atlantic Union Business Credit, and offer a full
range of asset-based lending solutions specializing in loan
commitments from $5 million to $30 million.
“Expanding our asset-based lending capabilities has been a goal
for our wholesale banking business for some time, but we wanted to
find the right team,” said David Ring, Head of Wholesale Banking
for Atlantic Union Bank. “Having led asset-based lending teams in
the past, I know that our clients will appreciate the enhanced
specialty products and capabilities that Atlantic Union Business
Credit is now able to offer them.”
Thomas (Tom) Ennis will continue to lead Atlantic Union’s asset
based lending efforts. New to the Atlantic Union Bank team are,
Robert (Bob) Beer, senior vice president, director business
development; James (Jim) Cannella, senior vice president, business
development officer; Jason Rich, senior vice president,
business development officer; David Koran, vice president,
business development officer; Will Olivencia, vice president,
relationship manager; Wayne A. Suprano, Jr., vice president,
manager of business credit portfolio and collateral operations and
Camille Zagar, commercial banking assistant. Together the team has
more than 150 years of combined experience with asset based
lending.
Atlantic Union Business Credit asset-based lending solutions are
ideal for financing working capital, management buyouts, equity
sponsor buyouts, acquisitions, growth, recapitalizations and
restructurings. A wide variety of assets, including receivables and
inventory, can be used to secure funding.
About Atlantic Union BankHeadquartered in
Richmond, Virginia, Atlantic Union Bank is the wholly owned
subsidiary of Atlantic Union Bankshares Corporation (Nasdaq: AUB).
Atlantic Union Bank offers a wide range of financial services to
commercial and retail clients and operates 114 branches and
approximately 130 ATMs located throughout Virginia, and in portions
of Maryland and North Carolina. Certain non-bank financial services
affiliates of Atlantic Union Bank include: Atlantic Union Equipment
Finance, Inc., which provides equipment financing; Atlantic Union
Financial Consultants, LLC, which provides brokerage services; and
Union Insurance Group, LLC, which offers various lines of insurance
products.
Contact: Bill Cimino, Senior Vice President and
Director of Investor Relations Bill.Cimino@AtlanticUnionBank.com
804.448.0937
Contact: Beth Shivak, Senior Vice President, Head of Corporate
Communications Beth.Shivak@AtlanticUnionBank.com 804.327.5746
Grafico Azioni Atlantic Union Bankshares (NASDAQ:AUB)
Storico
Da Mag 2024 a Giu 2024
Grafico Azioni Atlantic Union Bankshares (NASDAQ:AUB)
Storico
Da Giu 2023 a Giu 2024