The PrivateBank announced Loren Willet and Lisa Adams have joined the company as managing directors and relationship managers, delivering asset-based lending solutions to its commercial middle-market clients.

Willet, who is based in Dallas and will serve the Texas and the South Central region, joined The PrivateBank from Fifth Third Bank, where he was a managing director and team lead. He previously held positions with LaSalle Business Credit and FINOVA Capital Corporation.

Adams, who is focused on the Pacific Northwest and Northern California regions, previously was senior vice president at Newstar Business. She also has held positions at Wachovia Capital Finance, Wells Fargo Capital Finance, and Merrill Lynch Capital Healthcare Finance. Adams is based in Portland, Ore.

The PrivateBank asset-based lending team works with companies to provide credit alternatives to traditional commercial lending arrangements.

The PrivateBank is a part of PrivateBancorp, Inc., and delivers customized business and personal financial services to middle-market companies, as well as business owners, executives, entrepreneurs and families in all of the markets and communities it serves. As of March 31, 2016, the company had 35 offices in 12 states and $17.7 billion in assets.