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Republic Business Credit Names Meyers as Chief Commercial Officer

March 24, 2016, 07:54 AM

Republic Business Credit announced it has hired Robert Meyers as its first Chief Commercial Officer. Meyers joins Republic Business Credit to lead expansion into the Midwest, West Coast, Southwest and beyond, and provide working capital solutions across the U.S. He brings 10 years of commercial finance experience with management roles leading teams in both the Midwest and West Coast regions.

“Robert’s appointment comes at a pivotal moment for Republic Business credit as we prepare to grow the business, expanding into new regions and strengthening our presence in Louisiana and Texas,” said Allen E. Frederic, Jr., Republic Business Credit’s Chief Executive Officer. “We focused on identifying a strong leader to add to our management staff who would bring energy, vision and focus to help fulfill our aggressive growth plans. We are confident in our selection of Robert as he has a track record of successfully driving growth and a passion for developing high-performing teams.”

Prior to joining Republic Business Credit, Meyers was Interim Managing Director and Head of Sales for the California, Midwest and Northeast regions at Bibby Financial Services. He currently holds the positions of Midwest Chapter President of the Commercial Financial Association and Co-Chair of the Turnaround Management Association Special Programs. Meyers is the founding Director of the newly formed Midwest Chapter of the International Factoring Association and an EMBA candidate at the Kellogg School of Management.

“At Republic Business Credit we see significant growth opportunities in the near future as lenders embrace, adapt and integrate technology into the mid-sized business lending world,” said Stewart Chesters, Republic Business Credit’s chief operating officer. “Robert is the ideal person to grow our team, balancing technology, credit and sales with the ultimate goal of growing the business and providing an improved client experience.”

Meyers can be seen at the Turnaround Management Association’s MidAmerica Regional Conference in Chicago on May 11th on the panel “Getting Deals Done in the Current Senior Financing Market - From Traditional ABL to Unitranche to Fintech and Beyond.”

Republic Business Credit provides flexible working capital solutions to help rapidly growing businesses, start-ups, and companies in turnaround or recoverable distressed situations. Winner of the 2015 Emerging Growth Company of the Year award from the Louisiana Chapter of the Association of Corporate Growth, the Republic Business Credit team has the expertise necessary to meet the nuanced financial needs of companies across a wide variety of industries. It provides factoring and asset-based facilities, including ABL, receivables purchase lines of credit, inventory, equipment, and purchase order lines. Since its founding in 2011, Republic Business Credit has provided over $1.2 billion in fast, flexible working capital.

The company is led by Allen E. Frederic, Jr., CEO, a 40-year banking and finance veteran in New Orleans; Stewart Chesters, an English transplant to New Orleans who has led commercial finance companies on both sides of the Atlantic; and Robert Meyers, a new business leader previously with Bibby Financial Services in Chicago and Los Angeles.

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