U.S. Bank announced that veteran Colorado banker Benjamin Fields-Elizalde has joined the growing U.S. Bank Asset Based Finance division as vice president.

Based in Denver, Fields-Elizalde will lead efforts to provide asset-based credit solutions for businesses across Arizona, Colorado, Idaho, Montana, New Mexico, Nevada, Utah and Wyoming. Fields-Elizalde has more than 17 years of banking experience, including nearly 14 years in various asset-based finance roles at Wells Fargo.

“Benjamin’s industry knowledge and deep banking experience with businesses across the western U.S. will add immediate value to our clients,” said Sam Philbrick, head of U.S. Bank Asset Based Finance. “The addition of Benjamin and other recent experienced hires to our team will allow us to deliver tailored financing strategies to even more retailers, distributors, manufacturers and other asset-based borrowers.”

The U.S. Bank Asset Based Finance division is a specialized lending unit supporting companies that maintain high levels of quality working capital assets, including large retailers, manufacturers, and distributors. Asset-based credit solutions provided by U.S. Bank include working capital loans to support growth; acquisition financings and leveraged buyouts; and debt restructurings and recapitalizations. The division had record volume in 2021.