IDB Bank announced the appointment of Eric Serenkin as SVP and head of asset-based lending.

Serenkin has been a prominent lender in the asset-based industry area for many years and has held senior positions with CIT, PNC, and Wells Fargo He will focus his efforts on managing and growing IDB's asset based portfolio.

The Bank's Lending Division is led by Lissa Baum, EVP and Chief Lending Officer, who said "We could not be more excited about having someone with Eric's experience and commitment to exceptional customer service join our team. IDB Bank continues to thrive because of our well-known reputation of delivering individualized attention to our customers. Eric is a great fit because he brings a tremendous range of experience, knowledge and proven leadership."

Ehud Arnon, IDB Bank President and CEO, also added, "For decades, IDB Bank has earned the trust and confidence of our clients by following a conservative, sound banking philosophy and by providing outstanding advisory services. This valued tradition and our commitment to the success of our clients has made us one of the strongest commercial banks in the United States."

IDB Bank is a New York State-chartered commercial bank and a member of the FDIC.  In addition to its Manhattan headquarters and branch offices in Brooklyn, N.Y., Staten Island, N.Y. and Short Hills, N.J., the Bank maintains other full-service branches in Southern Florida and Southern California.  The Bank provides a complete range of personal and commercial banking, trade services and deposit products to U.S. and international clients.