CreditBench Welcomes Wade Stringfield as Vice President, SBA Lending Officer
23 Febbraio 2023 - 10:00PM
BayFirst National Bank has named Wade Stringfield vice president,
SBA lending officer. He assumes the role within the Bank’s SBA loan
division, CreditBench, which finished the SBA’s 2022 fiscal year as
the No. 8 SBA 7(a) lender in the country.
Prior to joining BayFirst, Stringfield served as
SBA sales manager at SaviBank in Burlington, Washington where he
specialized in SBA 7(a) and USDA Business and Industry loans across
the states of Washington, Oregon and Alaska, and personally
produced more than $33 million in loans since 2021. He also
previously held the positions of SBA program manager at WECU and
SBA business development officer at Coastal Community Bank.
He brings 15 years of banking industry
experience to the CreditBench Division. He is now tasked with
expanding CreditBench’s reach in the Pacific Northwest region by
marketing, originating and closing SBA (7a) loans up to $5 million
utilized for business acquisitions, owner-occupied commercial real
estate, debt consolidation and refinancing, equipment purchases,
and working capital loans.
“Wade is a proven small business lender, which will
significantly benefit not only the BayFirst team but also the small
businesses we assist,” said Chris Hackney, senior vice president
and director of SBA loan originations at CreditBench. “We know he
will use this experience to drive results, and we are excited to
see the impact he has on the advancement of our strategic
initiatives in 2023 and beyond as we continue to bring in talent
from across the U.S.”
Wade is a graduate of Pacific Coast Banking
School and holds a Bachelor of Business Administration degree in
Marketing and Finance from Oklahoma Baptist University and a
master’s degree from the University of Oklahoma.
About CreditBenchCreditBench
has originated more than $1 billion in SBA 7(a) loans since 2016.
Its expert team utilizes streamlined processes and a
technology-driven approach to provide loans under $350,000 and as
large as $5 million. As an SBA Preferred Lender, CreditBench also
delivers competitive rates, flexible requirements, fast closing
times, and the personalized support small businesses need to reach
their goals. It was the eighth largest SBA 7(a) lender nationwide
and the No. 1 SBA 7(a) lender in the five-county Tampa Bay market
in the SBA's 2022 fiscal year.
About BayFirst National
BankHeadquartered in St. Petersburg, BayFirst National
Bank, the principal subsidiary of BayFirst Financial Corp. (Nasdaq:
BAFN), operates eight banking centers in the Tampa Bay area and
originates residential mortgages locally. In addition, BayFirst
offers a broad range of retail and business banking services. Since
it opened in 1999, BayFirst has grown exponentially without losing
sight of its commitment to making an impact in the community and
being Here for What’s Next® in the lives of its customers. For more
information visit: www.BayFirstFinancial.com.
About BayFirst Financial
Corp.BayFirst Financial Corp. is a registered bank holding
company based in St. Petersburg, Florida which commenced operations
on September 1, 2000. Its primary source of income is derived from
its wholly owned subsidiary, BayFirst National Bank, a national
banking association. As of December 31, 2022, BayFirst Financial
Corp. had $939 million in total assets.
Forward Looking StatementsIn
addition to the historical information contained herein, this
presentation includes "forward-looking statements" within the
meaning of such term in the Private Securities Litigation Reform
Act of 1995. These statements are subject to many risks and
uncertainties, including, but not limited to, the effects of the
COVID-19 pandemic, global military hostilities, or climate change,
including their effects on the economic environment, our customers
and our operations, as well as any changes to federal, state or
local government laws, regulations or orders in connection with
them; the ability of the Company to implement its strategy and
expand its banking operations; changes in interest rates and other
general economic, business and political conditions, including
changes in the financial markets; changes in business plans as
circumstances warrant; risks related to mergers and acquisitions;
changes in benchmark interest rates used to price loans and
deposits, changes in tax laws, regulations and guidance; and other
risks detailed from time to time in filings made by the Company
with the SEC, including, but not limited to those “Risk Factors”
described in our most recent Form 10-K and Form 10-Q. Readers
should note that the forward-looking statements included herein are
not a guarantee of future events, and that actual events may differ
materially from those made in or suggested by the forward-looking
statements.
Megan Brewster AVP, Public Relations and
Content Manager Office: (727) 258‑5614 Mobile: (617) 285‑0771 700
Central Ave St Petersburg FL 33701
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