Signature Bank, a New York-based full-service commercial bank, announced Frank Marsicano was named Vice President/Business Development Officer, joining Robert Love’s recently appointed asset-based lending team. Love, Senior Vice President and Group Director, and his four-person team joined Signature Bank in September 2013, marking its entry into the asset-based lending arena.
In this newly created position, Marsicano, with more than two decades of asset-based financing and credit analysis experience, will focus on generating direct middle market loans and participations.
Marsicano, who has worked with Love at several other financial institutions, joins from Amalgamated Bank, where he served as First Vice President and New Business Development Officer at the New York City headquarters. Previously, Marsicano served as Vice President, Portfolio Management at Webster Business Credit Corp., where he was responsible for underwriting direct and indirect asset-based loans. He also monitored more than $100 million in commitments, tracked daily activity and addressed credit issues. Prior, Marsicano was Vice President in CIT Group’s Credit Risk Management and Commercial and Industrial loan underwriting units. He analyzed credit risk exposure of the firm’s $52 billion commercial loan and lease portfolio and also underwrote transactions ranging in size from $15 to $300 million.
Earlier, he was Assistant Vice President, Portfolio Management at AmSouth Capital Corp.
“The addition of Frank to our team, which now totals five dedicated asset-based lending professionals, was an important strategic move as his expertise will round out our talented group. Frank and I have worked together for two decades, during which time we established a reputation for building and successfully managing asset-based businesses at other institutions,” explained Love.
“I am looking forward to the contributions I will make in my business development role, and I am pleased to be part of the Bank’s new asset-based lending initiative. Having worked with Bob and the team previously, we are well positioned to continue our track record of success at Signature Bank by providing creative lending structures and highly personalized services to lower-middle market companies,” Marsicano said.
Marsicano, a resident of East Brunswick, NJ, holds a Bachelor of Science degree from Manhattan College in Riverdale, N.Y., and is a member of the Commercial Finance Association of New York, Association for Corporate Growth, Turnaround Management Association and the Garden State Credit Associates.
Signature Bank, member FDIC, is a New York-based full-service commercial bank with 27 private client offices throughout the New York metropolitan area. The Bank’s growing network of private client banking teams serves the needs of privately owned businesses, their owners and senior managers. Signature Bank offers a wide variety of business and personal banking products and services. The Bank operates Signature Financial, LLC, a specialty finance subsidiary focused on equipment finance and leasing, transportation financing and taxi medallion financing. Investment, brokerage, asset management and insurance products and services are offered through the Bank’s subsidiary, Signature Securities Group Corporation, a licensed broker-dealer, investment adviser and member FINRA/SIPC.