Capital One Bank announced the appointment of Terry O’Grady as managing director and head of the Midwest Region for Capital One Business Credit, part of the Commercial & Specialty Finance Group. In this newly-created role, O’Grady will be responsible for business development and also building a team focused on asset-based lending in the Midwest region. He is based in Chicago and will report to Dan deBrauwere, Head of Capital One’s Business Credit unit.

“Terry brings a wealth of experience to Capital One Bank,” said deBrauwere. “He is a strategic addition to the team, and his deep knowledge of the Midwest market further strengthens the national scope of Capital One’s Commercial and Specialty Finance business.”

O’Grady brings more than 25 years of banking experience to Capital One, most recently as the Commercial Executive and Head of the Midwest Region for HSBC’s Commercial Lending Group. He previously served as a Managing Director at CIT, and was a founding member of BMO Harris Bank’s Asset Bank Group. O’Grady also has held positions at GE Capital Global Sponsor Finance and American National Bank / First Chicago Corp.

“I am excited to join this high-performing team, as Capital One Bank continues to grow its asset-based lending business,” said O’Grady. “I look forward to building strong relationships with customers and providing the personal service and financial solutions they need.”

O’Grady holds a Bachelor of Finance from Illinois State University, and a MBA from the Keller Graduate School of Management.

Capital One Bank’s Commercial and Specialty Finance Business serves clients through a team of more than 200 associates who have expertise in technology, healthcare, security and defense, asset based lending, rediscount finance, municipal finance and equipment leasing and finance. Capital One Bank’s Commercial Business leverages a relationship-based banking model that seamlessly delivers an array of products and services including loans and deposit accounts, treasury management services, merchant services, investment banking, international services and correspondent banking.