The Secured Lender - April 2009

AMONG CFA MEMBERS CONT

in shrink reduction and profit improvement to his new position.

THE FOLLOWING HAVE BEEN ACCEPTED AS NEW MEMBERS OF THE COMMERCIAL FINANCE ASSOCIATION

Sovereign Business Capital, a division of Sovereign Bank: Michael J. Maiorino, president, has joined the Commercial Finance Association Management Committee as a vice president. He is president of Sovereign Business Capital (a division of Sovereign Bank), which includes asset-based lending, commercial finance, franchise finance and small-cap mortgage warehouse lending.

Atlantic National Trust, LLC
515 Portland Pier
Portland, ME 04101
Theodore West, president
Tel: (800) 347-1080
Fax: (207) 828-1048
Web: www.atlanticnationaltrust.com
Information pending.

Summit Financial Resources: Amy Efland has joined the firm as vice president, business development, based in San Diego. Efland joins Summit Financial Resources from Allied Capital Partners, where she served as business development manager.

TD Bank: William H. (Bill) Moul, Jr. has joined the asset-based lending department at TD Bank as a vice president based in Philadelphia. In his role as a relationship manager, he is responsible for underwriting and managing an asset-based loan portfolio throughout the region. CFA Executive Committee Member, John DePledge, SVP/team leader of the MidAtlantic region of TD Bank, was recently a recipient of the 2008 CEO Leadership Award from TD Bank. This award celebrates the highest achievement of sales and service at TD Bank. Employees are awarded for leadership, outstanding service and contributions to the company throughout the year, as well as exemplifying TD Bank’s Brand and Guiding Principles.

Correspondent Business Credit
1501 S. Clinton Street, Suite 1648
Baltimore, MD 21224
Richard Sinclair, president
Tel: (443) 573-8628
Fax: (410) 650-4102
Web: www.corbc.com
As an alternative, banks have

Boston Financial Funding, a new division of Boston Financial & Equity, seeks credits labeled “too risky” by traditional lenders. Rejections accepted. Great assets a plus.