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PNC Business Credit Appoints Two to Secured Financing Team

August 22, 2018, 07:14 AM

PNC Business Credit, a senior secured lending division of PNC Bank, N.A., announced two appointments to its senior secured financing team in the Western and Southeast regions. 

Alex McCombs has been appointed senior vice president and business development officer for PNC Business Credit. Based in San Francisco, he is responsible for business development and direct origination with middle market companies in the Greater Bay area and Central Valley markets. McCombs joins the organization from the Industrial Commercial Bank of China (ICBC), where he served as business manager for Commercial Banking. Prior to ICBC, he served as a director for Commercial Banking with Bank of America. McCombs holds a bachelor’s degree from Baylor University and a master’s degree from the American Graduate School of International Management (Thunderbird), at Arizona State University.

An 18-year PNC veteran, Todd Austhof, senior vice president, has been appointed business development officer with the senior secured financing team. Based in West Palm Beach, he is responsible for business development with private equity firms and middle market companies, as well as origination of asset-based and cash flow loans in the Florida market. Austhof most recently served as relationship manager with PNC Business Credit. He holds a bachelor’s degree in accounting and finance from Grand Valley State University and an MBA from Western Michigan University.

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