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California Bank of Commerce Adds Simshauser to Northeast Asset Based Lending Team

May 22, 2019, 07:55 AM

California BanCorp, the holding company for California Bank of Commerce (CBC), has added Mark J. Simshauser to its asset-based lending team, known in the market as CBC Business Credit. Simshauser will serve as Senior Vice President of Business Development and will be responsible for loan growth throughout the Northeast United States.

CBC Business Credit assists companies that have assets-in-hand to secure additional capital for continued expansion and growth. Simshauser will work with small and lower middle-market companies in sourcing and executing new senior secured financing up to $10 million.

“We believe there is a tremendous opportunity to bring highly customized banking to growing businesses in the Northeast,” said Amy Efland, Sales Manager for CBC Business Credit. “Mark’s successful track record in building profitable loan portfolios, strong business relationships and his expertise in secured collateral lending are paramount for the bank’s implementation of a dedicated client-based services platform anchored in the region.”

Simshauser joins California Bank of Commerce from Texas-based Triumph Commercial Finance where he served as Northeast Regional Manager for the past five years developing and managing a successful asset based and factoring loan portfolio. Prior to Triumph, he held Vice President positions with Crestmark Bank, TAB Bank, HSBC Business Credit and Greystone Business Credit. He earned a bachelor of science from SUNY Fredonia and a Master of Science Certificate from Cornell University, where he majored in economics.

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