AMONG CFA MEMBERS

Bofl Federal Bank: Taylor Osborn was named director of Real Estate Lender Finance. He is responsible for sourcing and underwriting warehouse credit facilities to private real estate lenders. Bofl Federal Bank's real estate lender finance platform focuses on providing warehouse credit facilities for up to S40MM to private real estate lenders nationally. Bofl also supports investors to finance single family rental pool assets and to purchase nonperforming real estate loans.

"Taylor has an excellent track record of performance and has helped us to develop a strong reputation and brand with real estate private lenders. He is also leading our efforts to support investors who purchase nonperforming loans and rental pool assets," said Salvatore Salzillo, senior vice president, co-head of Commercial & Industrial Lending at Bofl Federal Bank

Celtic Bank: Scott Petty has been promoted to vice president of business development in the Asset-Based Lending Group at Celtic Bank. Petty will be focused on business development of the bank's asset-based lending and factoring programs. Petty will report to Daniel Godfrey, senior vice president of AssetBased Lending at Celtic Bank.

Petty began his career at Celtic Bank in 2009 as a relationship and operations manager in the bank's Asset-Based Lending division and more recently served as the credit and operations manager and lead underwriter. In his new position, Petty will focus on business development in Utah and the surrounding states. "We are excited for Scott to take on this new role," said Godfrey. "Celtic Bank continues to experience rapid growth as small businesses seek flexible and affordable working capital financing solutions."

Petty holds a Bachelor's degree in marketing and an MBA from Weber State University. Prior to joining Celtic Bank, Petty worked in business-to-business sales in the finance and telecom industries and provided business intelligence analytics for several Fortune 500 companies.

CIT Group Inc.: Ellen R. Alemany has been named to CIT's Board of Directors effective immediately. She will serve as a member of CIT's Audit Committee. Alemany is the former head of The Royal Bank of Scotland (RBS) Americas, the management structure that oversees RBS' businesses in the Americas. She also served as chairman and chief executive officer for RBS Citizens Financial Group, Inc. Prior to RBS, she served as chief executive officer for Global Transaction Services of Citigroup. She held a number of senior positions during her tenure at Citigroup, including executive vice president for the Commercial Business group, president and CEO of CitiCapital. She also held a number of executive positions in Citigroup'sGlobal Corporate Bank, including Customer Group Executive of North American markets, global industry head of Media and Communications, U.S. industry head of Consumer Products, and executive vice president of Citibank and customer group executive for the Global Relationship Bank in Europe, based in London. Alemany received her MBA in finance from Fordham University. She serves on the Boards of Automatic Data Processing, Inc. and the Center for Discovery.

Crossroads Financial: James Rothman has been named president. Rothman brings almost 30 years' experience as an innovator in receivables financing and asset-based lending, most recently as group president of Crestmark Bank, where he helped their eastern region grow 500% and Capital TempFunds, formerly one of the largest national lenders specializing exclusively in the staffing industry until it was sold to Wells Fargo. He is a frequent author and speaker for national industry trade publications and events.

Rothman has used his asset-based lending background to successfully build several portfolios over the years. "He has a well renowned track record of creativity, integrity, credit control, and development of people. His outstanding reputation, including providing finance to many lenders over the years, will certainly drive our growth," said Lee Haskin, CEO of Crossroads.

"I am excited about joining a group that has a true entrepreneurial spirit. The most rewarding aspect of my career is seeing clients grow and prosper and knowing I played a role in helping them achieve their goals," said Rothman.

"Crossroads revolving inventory loans are such a unique product. I think, as more receivable lenders learn how it works and how it relieves them of the burden of lending on inventory and focus on receivable lending, our growth will be dramatic. I look forward to providing the kind of responsive, customized funding solutions that result in all of us, the client, the receivable lender, and Crossroads, a winner."

Since 2004, Crossroads Financial has funded almost Sioo million to clients, facilitating approximately $1 billion in receivable funding and has become the partner of choice for marketing-leading factors and receivables lenders.

Far West Capital, a privately funded commercial finance company headquartered in Austin, TX, announced that, along with its expansion into key markets, growing office space and hiring of new employees, it has financed $700 million with more than 200 clients nationwide in 2013. With existing offices in Austin and El Paso, Far West Capital expanded its presence into Phoenix, Dallas and Houston this year. The company also announced five executive promotions throughout 2013, including its new president, Brian Center, in order to assist in business development, managing client relationships and establishing referral partner relationships.

Gibraltar: Ben Riley has joined the firm as senior vice president of Loan Originations for the Mid-Atlantic region. Riley has more than 15 years of experience in the factoring and assetbased lending industry. He has strong ties to banking institutions as well as the commercial finance industry, and he is an active member of CFA, TMA and RMA.

Gibraltar is excited to have Riley join the team, as he demonstrates an ability and desire to help small to mid-sized businesses solve their cash flow dilemmas. He also has strong relationships with, and endeavors to help, other lenders who may not have the relevant credit solutions for their prospects. Riley graduated from Randolph-Macon College with a B.A. in business and economics. Riley also coaches youth lacrosse and enjoys running and skiing.

Gulf Coast Business Credit (GCBC): Frank Sorrel has joined as a business development officer in the South Texas market. For the past two years Sorrel managed a small factoring portfolio at a community bank with locations in Austin, Shiner and Gonzales, Texas. He is a graduate of Ole Miss, majoring in finance.

Meg Roberson, national sales manager for GCBC, commented, "We are proud to welcome Mr. Sorrel to our team. Frank has been added to play a vital role in the development and growth of our client base in the Eagleford Shale. I believe he will thrive in his new position and we are excited to add him to our team."

Gulf Coast Business Credit is recognized as a leading provider of working capital finance throughout the United States, specializing in accounts receivable financing. GCBC has production offices located in Colorado, Georgia, Louisiana, Tennessee and Texas. GCBC is a division of Gulf Coast Bank & Trust, one of the largest community banks headquartered in Louisiana.

Hitachi Business Finance: MJ Hilker has joined as regional senior vice president, business development. According to Hitachi Business Finance Division president and COO Mike Semanco, Hilker will focus on building the company's presence in Ohio, Kentucky, and Western Pennsylvania. In her role, Hilker is responsible for connecting with business owners and communicating the variety of creative, flexible financing options offered by Hitachi Business Finance. She will act as a resource to help entrepreneurs determine the most effective means to accessing capital for their businesses. Hilker maintains an office in Cleveland and brings more than 25 years of experience in financing and investing in growing companies. Most recently, she was with Great Lakes Business Credit, where she served as regional marketing director. Hilker also worked at Corporate Management Solutions helping clients refinance, restructure, and obtain bank financing. During her career, she has successfully piloted business development at Great Lakes Business Credit, First Capital, and Summit Financial Resources.

Hilker was previously co-founder and chief investment officer at Liberty BIDCO Investment Corporation. Hilker holds a master's degree in corporate finance from Walsh College and is a graduate of the University of Michigan. She is an active member of the Association for Corporate Growth (ACG), Turnaround Management Association (TMA), Commercial Finance Association (CFA), International Women's Insolvency & Restructuring Confederation (IWIRC), Tristate Association for Corporate Renewal (TACR), WIRE-Net, and the Ohio Business Brokers Association (OBBA). Hilker can be reached at [email protected] or (216) 479-6862.

Monroe Capital LLC: Matthew Evans has joined the firm's healthcare team as managing director in its Chicago office.

"We are very excited to add Matt to the Monroe Capital team," said Ted Koenig, president and CEO of Monroe Capital. "Matt has had an extensive financial career working with middlemarket companies across the healthcare industry. Matt will be responsible for leading our healthcare lending efforts, in addition to originating cash flow and enterprise value based loans in private equity sponsored and non-sponsored transactions."

Prior to Monroe, Evans was a principal at Beverly Capital, a healthcare-focused private equity firm. He was formerly a vice president in the Healthcare Leveraged Finance group at Madison Capital, where he originated, structured and underwrote debt financing for private equity-sponsored transactions. Prior to Madison Capital, Evans worked in Merrill Lynch Capital's Healthcare Finance leveraged lending group.

TAB Bank: Justin Gordon was promoted to senior vice president of sales and marketing. Gordon will continue to be based out of TAB Bank's corporate headquarters in Ogden, UT. In addition to providing oversight of all personnel, operations, and functions relating to TAB'S sales and marketing initiatives, Gordon will also be responsible for the development of strategic relationships.

Prior to his new assignment, Gordon served as vice president and national sales director for TAB Bank. In this prior role, he provided direction for TAB'S business development efforts and supervised TAB'S inside and outside sales teams.

Gordon has over 14 years of experience in providing leveraged asset-based lending and factoring credit facilities to small and middle-market companies from a wide array of industries. During his tenure at TAB, he has successfully developed and managed regional and national sales origination teams. As a results-oriented strategic leader, he has developed a track record of driving incremental revenue growth, as well as maximizing total profitability contributions, while maintaining exceptional client relationships and minimizing risk. Gordon can be contacted at: (801) 589-1118, [email protected].

Patrick Eakins has joined TAB Bank's business development team as vice president and business development officer. Eakins will be based in Nashville, TN and will be responsible for sourcing new business opportunities by providing asset-based and factoring working capital facilities to commercial entities with annual revenues of $2 million to S150 million.

Eakins joins TAB with over 12 years of financial sales and marketing experience. Most recently, he held the position of vice president/regional sales manager with a general industry factoring company based in California and focused on new business acquisition. Prior to that, Eakins was a regional sales manager with two large payment processing corporations that specialized in the transportation industry. He earned his Bachelor of Arts degree in communication studies from the University of North Carolina in Wilmington. Eakins can be reached at (615) 9751835 or [email protected].

TAB Bank is also pleased to announce the addition of Curt Queyrouze to their executive management team as chief credit officer. Queyrouze will be based out of TAB Bank's corporate headquarters in Ogden, UT and will oversee all personnel, operations, and functions as they relate to TAB'S credit, underwriting, and legal processes.

Queyrouze comes to TAB with over 30 years of commercial finance and commercial banking experience. Prior to joining TAB Bank, his career included various credit, sales, and portfolio management positions in asset-based lending, factoring, corporate banking, oil and gas finance, real estate lending, financial institutions, and healthcare finance and middle-market lending. Most recently, he served as SVP, director of loss mitigation, for Whitney Bank, managing the resolution of a multi-billion dollar problem loan portfolio. Prior to that, he served as COO of The Receivables Exchange, playing a critical role in the launch of this Internetbased, factoring auction platform and as Division Credit Executive for PNC Business Credit, with responsibility for credit approvals, policy adherence, and maintenance of credit quality standards for the Western Division offices in Dallas, Chicago, and Los Angeles. He holds a bachelor of science degree in accounting from Louisiana State University and is a member of the Commercial Finance Association and Risk Management Association.

AMONG CFA EDUCATION FOUNDATION MEMBERS

Phoenix Management Services, a leading provider of sustainable, operationallyfocused solutions for middle market companies in transition, announced the promotion of Joseph Nappi as managing director in its Boston office.

Nappi is a seasoned turnaround professional who has led and assisted companies during the past 14 years in a variety of transitional situations. His diversified experience includes having served in interim management roles, including chief restructuring officer (CRO) and CFO, in companies ranging from multi-state towing companies to multinational architectural and engineering firms. He has also led many M&A-related due diligence and business assessments for middle-market companies in various stages of transition, including his most recent evaluation of one of the largest transportation companies in the United States. Nappi specializes in operational and financial restructuring strategies, business plans and related financial projections, cost-cutting and revenue enhancement strategies, liquidity management, asset valuations, structuring and raising company financing, supporting companies through Chapter n proceedings, as well as other asset dispositions and winddowns.

"Since joining Phoenix in 2005, Joe has become an integral part of the firm's success in the Boston area by providing hands-on interim and crisis management and exceptional financial services to our clients," said Jim Fleet, senior managing director and shareholder of Phoenix Management Services. "We are very proud to promote him to managing director."