PNC Bank, N.A. announced that James Paterson has joined its senior secured financing team as senior vice president and business development officer. He is responsible for business development with private equity firms and middle-market companies, originating asset-based and cash flow loans in southern California.

Paterson joins PNC Business Credit from the CIT Group, where he served as a vice president and business development officer. Paterson earned an honors bachelor’s degree in business administration from the Ivey School of Business at The University of Western Ontario and an MBA with distinction in accounting and finance from the Ross School of Business at the University of Michigan.