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Sterling National Bank Hires Managing Director, ABL Originations

May 03, 2018, 07:13 AM

Sterling National Bank, the principal subsidiary of Sterling Bancorp, announced that Fred Weesner has joined the bank's Asset-Based Lending department as Managing Director, Originations. He will report to Doug Motl, National Marketing Manager, Asset Based Lending at Sterling.

Weesner will execute a comprehensive new business development plan targeted to asset-based lending opportunities across the U.S. market, focus on new client acquisition with established referral sources to deepen and expand existing client relationships, and evaluate and structure prospective asset-based credit solutions.

Most recently he was the Managing Director for NBH Capital Finance, where he managed the Asset Based Lending Team including origination's, portfolio management and operations. During his 23 year banking career, Weesner has held positions at PNC Business Credit covering nine states out of Denver and CIT, Marquette, GE and Wells Fargo out of Los Angeles.

"Fred is well known throughout the Inter-Mountain and Southwest regions" said Michael Haddad, President, Capital Finance for Sterling. "We are excited to work with Fred to leverage his relationships and expertise in asset based and leveraged finance lending. He has deep experience in originating, structuring and managing complex loan structures. He will be a valuable asset for the future success of our group".

Weesner's affiliations include the Rocky Mountain Turnaround Management Association where he has held various board positions. He graduated from California State University at Chico with a bachelor's degree in Business Finance.

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