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Article: NewAlliance Bank Announces the Formation of a New Asset-Based Lending Business.
- Article from:
- Business Wire
- Article date:
- November 3, 2009
CopyrightCOPYRIGHT 2009 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Commercial Finance Veterans Moser and O'Rourke to Lead New Division
NEW HAVEN, Conn. -- NewAlliance Bank, a subsidiary of NewAlliance Bancshares, Inc. (NYSE: NAL), announced today the formation of a new asset-based lending business, and the appointment of Andrew H. Moser and Daniel F. O'Rourke to lead the new division. Mr. Moser will report directly to NewAlliance Chairman and CEO Peyton R. Patterson, and Mr. O'Rourke will report to the bank's Executive Vice President and Chief Credit Officer, Donald T. Chaffee.
The new line of business, called NewAlliance Commercial Finance, expands the bank's business lending offerings to include revolving lines of ...