can engage in a referral arrangement
with AloStar or a fully-integrated strategic
alliance—or “co-lending” arrangements.
For its strategic partners, AloStar will work
with banks to create business plans to
complement existing strategies, assist
with marketing, provide executive talent
and train designated staff and management on the fundamentals of asset-based
lending. AloStar will also help create
appropriate policies to manage process
and risk management, and individually
manage and service each loan with a team
of dedicated specialists.
“Community banks continue to seek
new asset classes in order to grow while
diversifying their portfolio and increasing
their earnings stream,” said Mike Gillfil-lan, chairman and CEO of AloStar Bank of
Commerce. “AloStar Source will help them
do that while also providing capital to the
middle-market manufacturers, wholesalers, retailers and service providers that
power our economy.”
Randy Cameron has more than 27 years
of commercial lending management,
underwriting and risk management experience, as well as correspondent banking
management, equipment finance and
leasing and experience. Prior to joining
AloStar, Cameron was CEO of Stonecastle
Financial Institution Services in Salt Lake
City, UT. Over the course of his career, he
has helped a number of banks of all sizes
broaden their local reach and manage the
risks associated with growth and concentration. Cameron has also held executive
positions at Bank One, Zions Bank and
Sentry Financial Corporation. Cameron is a
graduate of ABA’s Stoner Graduate School
of Banking and a former president of the
Risk Management Association.
David Wood has more than 30 years of
experience in both community and money
center banks and an extensive track record
of underwriting and transaction comple-
tion, ranging from small entrepreneurial
operations to large international enterprises.
Most recently he was president of Ston-
ecastle Financial Institution Services. Prior to
his position at Stonecastle, Wood held senior
positions at various financial institutions in-
cluding JPMorgan Chase, The Chase Manhat-
tan Bank, Zions Bank and Bank of America.
Additionally, Wood also has experience in the
areas of managed risk, asset generation and
Ronald Humphreys has extensive
experience in commercial leasing, asset-
based and commercial and industrial
lending within various industries including
aviation, tourism, transportation, financial
institutions and middle-market business.
Prior to joining the AloStar team, he was
vice president of commercial underwriting
and quality assurance at TAB Bank where
he managed portfolios and underwriting
of transportation equipment loans and
leases for regional and national trans-
portation companies across the country.
Humphreys has also held positions at
Sentry Financial Corporation, Zions Bank
and Stonecastle Partners, LLC.
AloStar Bank of Commerce is a specialty
lender with extensive experience in providing Asset Based Loans to middle-market
companies. In addition, the bank provides
value for depositors, small-to-medium-sized companies and community banks
across the country through online
customer service, and unique lending products and services. For more information
on AloStar Bank of Commerce, visit www.
Bank of America Business Capital
These officers will help the Bank of
America team continue providing seamless and efficient credit and liquidity
management solutions to clients around
Ira Kreft has rejoined BABC as a senior
business development officer in Chicago.
He previously was Midwest and Central
Region executive for RBS Citizens Business
Capital. Earlier in his career, Kreft was with
BABC for more than 20 years in a variety of
roles including business development officer, marketing manager and most recently
as group manager for the Central Division.
He reports to Brian Wright, head of Business Development for the Central Region.
Steve Pomerantz has joined BABC as
a senior business development officer in
Chicago. He most recently was senior vice
president at GE Capital and led that firm’s
senior debt and equipment financing
origination and marketing efforts to retailers in the West and Central U.S. Over his
15 years with GE Capital, Pomerantz held
a variety of positions in sales, structuring,
underwriting and portfolio management.
He reports to Wright.
Carolyn Glick has joined BABC as a
senior business development officer in
Los Angeles, covering Southern California,
Nevada, Western Washington and Western
Canada. Glick previously was a managing
director at Wells Fargo Foothill and held
positions at Murphy Noell Capital and
FINOVA Capital Corporation. She reports to
Linda Jahnke, marketing manager for the
Western U.S. and Canada.
Bank of America Business Capital is
one of the world’s largest asset-based
lenders, with nine primary offices serving
the United States, Canada and Europe. It
provides corporate borrowers with senior
secured loans of $10 million or more, cash
management, interest rate and foreign
exchange risk management, and a broad
array of capital markets products.