SAN JOSE, CA., February 11, 2021 /PRNewswire/ — bridge bank today announced the expansion of its Capital Finance group, which provides a full suite of asset-based financing (ABL) and factoring solutions, adding three key roles to support its national expansion and increased demand of the market. The group has added several new positions since its new CEO, Timothy Carstensjoined Bridge Bank in April 2020.
Fulfilling the three key roles are Nick NardulliAssistant Vice President of Portfolio Management, Richard Biers, Vice President of Portfolio Management and Steven Ogus, senior vice president of asset-backed lending. The other positions added are support roles that will help manage the recent increase in volume and new relationships, as well as the continued market demand expected for the bank’s asset-based lending product.
“The current economic environment continues to challenge businesses, potentially putting traditional commercial financing out of reach,” said Tim Carsten, Managing Director of Bridge Bank’s Capital Finance Group. “Our growing team of experts is well positioned to help companies assess the merits of the ABL product to help them achieve their short and long term goals.”
Nick Nardulli is an asset-based lending professional with over five years of experience. Prior to joining Bridge Bank, he held positions at FGI Worldwide, LLC and TCJ Holdings, LLC. Nardulli graduated from NYU and holds certificates from the Commercial Finance Association and the Wharton School of the University of Pennsylvania/will race. Nick Nardulli can be attached to [email protected].
Richard Biers is an asset-based lending and leveraged finance professional with nearly 10 years of experience. Prior to joining Bridge Bank, Biers was Vice President of the Technology Finance Group at PNC Business Credit. Biers began his career at Western Alliance Bank, the parent company of Bridge Bank, after graduating Cum Laude from Murray State University with a Bachelor of Science in Corporate Finance. Richard Biers can be reached at [email protected].
Steven Ogus is a seasoned banking professional with over 30 years of experience. Prior to joining Bridge Bank, Ogus was Director of Business Development at Union Bank in San Diego. He also served as a senior vice president at Wells Fargo Capital Finance, where he was responsible for developing capital structure solutions for the Southern California and the Southwest regions. Ogus holds a Bachelor of Science degree from State University of New York, Plattsburgh College and an MBA from City University of New York, Baruch College. He is also a member of Connect, the Corporate Directors Forum and the Association for Business Growth. Steven Ogus can be attached to [email protected].
Bridge Bank’s Capital Finance 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 the manufacturing, professional services, retail, technology and other industries that are experiencing unusual market conditions that may impede their ability to meet covenants and structures. traditional credit.
About Bridge Bank
Bridge Bank, a division of Western Alliance Bank, Member FDIC, helps corporate clients realize their ambitions. Founded in 2001 in Silicon Valley, Bridge Bank provides a better way to bank for small and medium-sized businesses across many industries, as well as emerging technology companies and the private equity community. Designed to serve both venture capital-backed and non-venture capital-backed businesses, Bridge Bank offers a wide range of financial solutions, including credit facilities for capital, equipment and working capital. , venture capital debt, cash management, asset-based lending, SBA and commercial real estate. loans, ESOP financing and a full range of international products and services. Situated at San Jose, Bridge Bank has 17 offices in major markets across the country as well as the powerful range of specialized financial services of Western Alliance Bank. Western Alliance Bank is the principal subsidiary of PhoenixWestern Alliance Bancorporation. One of the nation’s most successful banking companies, Western Alliance ranked first among America’s 50 largest public banks in the latest S&P Global Market Intelligence list and topped Forbes’ list of “Best Banks in America.” ‘America’ year after year. . For more information, visit bridgebank.com.
SOURCE Bridge Bank