Exciting New Era for MidFirst Business Credit
MidFirst Business Credit, a notable subsidiary of the largest privately owned bank in the nation, has recently announced an important change in leadership with the appointment of John Nooney as President. This transition marks a significant moment for the company as they strive to elevate their services in asset-based lending.
Leadership Transition
The company’s former president, Dennis Schlesner, has retired, closing a commendable chapter of eight years of leadership. Under Schlesner's watch, MidFirst Business Credit has established itself as a strong player in the commercial lending market. Robert Lehman, Director of Specialized Banking at MidFirst Bank, expressed gratitude for Schlesner's dedication and impact on the company’s culture and success.
John Nooney's Experience and Vision
Bringing over 30 years of expertise in commercial finance, Mr. Nooney's extensive experience encompasses portfolio management, origination, and operational oversight in national asset-based lending. His background positions him as an ideal leader to guide MidFirst Business Credit towards future successes.
A New Vision
In his new role, Nooney stated, “MidFirst Business Credit is one of the strongest and most versatile lenders in the market, and I am honored to be joining at this exciting time in the Company’s history.” His commitment to enhance long-term value for clients is expected to propel the company’s growth agenda and support businesses across the nation.
The Company’s Commitment to Asset-Based Lending
MidFirst Business Credit has built a reputation for a thoughtful approach to asset-based lending. With a robust capital base and a diverse range of product offerings, the company is well-equipped to meet the demands of middle market businesses seeking financial solutions. Their credit facilities range from $5 million to upwards of $30 million, catering to various financing needs.
Supporting Business Growth
The firm's focus is on partnering with businesses that have strong management teams, ensuring they have the necessary capital to thrive. With a tradition of excellence and a commitment to understanding the unique challenges faced by these businesses, MidFirst is poised to enhance its presence in the lending landscape.
About MidFirst Bank
With an impressive $39.0 billion in assets, MidFirst Bank stands out as the largest privately owned bank in the United States. The bank offers a comprehensive suite of services including commercial lending, wealth management, and mortgage servicing. MidFirst Bank is accessible across a wide geographical area, serving states like Arizona, California, Colorado, and Texas, among others.
Service Expansion and Community Focus
MidFirst Bank continues to enhance its community presence and service offerings through divisions like 1st Century Bank, further solidifying its reputation as a trusted financial partner for countless clients. With a commitment to exceptional customer service and innovative financial solutions, it continues to uphold its legacy in the banking industry.
Frequently Asked Questions
Who is the new President of MidFirst Business Credit?
John Nooney has been appointed as the new President of MidFirst Business Credit.
What experience does John Nooney bring to the position?
John Nooney comes with more than 30 years of experience in the commercial finance sector, focusing on asset-based lending.
What is the focus of MidFirst Business Credit?
The company specializes in asset-based lending, offering flexible credit facilities aimed at supporting middle market businesses.
What services does MidFirst Bank offer?
MidFirst Bank provides commercial lending, wealth management, private banking, and mortgage servicing, making it a versatile financial institution.
How does MidFirst Bank support local communities?
MidFirst Bank actively expands its services across multiple states and prioritizes exceptional customer service to meet the unique needs of each market.
