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Bridge Bank Expands Capital Finance Group with New Managing Director

July 09, 2020, 08:00 AM

Bridge Bank announced it is expanding its Capital Finance group, which provides a full complement of asset-based lending solutions. The group now will be led by managing director Timothy Carstens, who joins Bridge Bank from Fifth Third Business Capital.

The Capital Finance team works with companies across the economy and across the country, as part of Bridge Bank's parent company Western Alliance Bank which operates individually branded, full-service commercial banking divisions in Arizona, California and Nevada, as well as specialized financing groups serving businesses nationwide. Capital Finance has been a focused business area at Bridge Bank for more than 15 years.

"We are bolstering our team and our focus on asset-based lending, providing the right products at the right time for today's economic environment," said Dan Myers, chief executive officer, Bridge Bank. "As business in a wide variety of industries and markets face new challenges, we are ready to offer solutions that make sense for their needs now to help them to manage through the current landscape."

The lending group offers a range of asset-based and factoring solutions, including accounts receivable, inventory and invoice financing, to provide lines of credit and working capital. The group's expertise supports companies in manufacturing, professional services, retail, technology and more that are experiencing unusual market conditions that might hamper their ability to adhere to traditional covenants and credit structures.

"The customer-centric, entrepreneurial approach at Bridge Bank and Western Alliance is appealing, especially during this time when many businesses will need the tailored, asset-based lending solutions we offer to see their companies through," said Timothy Carstens, who will guide the specialized Capital Finance group from offices in Phoenix. "As we grow our group, the broad strengths of Bridge Bank and Western Alliance will benefit our clients across the country."

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