TSL Express Daily News
The Secured Lender
SFNet's The 81st Annual Convention Issue
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Top 5 Apps for Organizing
Mar 7, 2019If you’re like most of us, we try to stay organized in business and life, but it gets increasingly complicated…
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The Importance of Stretching
Mar 7, 2019Every personal trainer and athletic coach I have ever worked with has stressed the importance of stretching. When working out…
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SFNet's 40 Under 40 Award Winners Panel Recap
Mar 6, 2019Moderator: Samantha Alexander, regional underwriting manager, Wells Fargo Capital Finance’s Corporate Asset Based Lending group and 2016 CFA 40 Under…
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SFNet's Inaugural YoPro Leadership Summit
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It’s a Marathon, Not a Sprint
Aug 22, 2018I was recently invited to participate in an executive panel to answer questions from a credit training class comprised of...
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It’s Not Too Late – Five Member Benefits to Cash In On Now
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It’s Time To Break Up With Your Phone
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Lien Management – What You Need to Know
Jun 6, 2018UCC filing is the cornerstone of all loans and every lien portfolio...
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Potential Impacts of Blockchain on Commercial Lending
Jan 15, 2018By Raja Sengupta, Executive Vice President and General Manager, Wolters Kluwer’s Lien Solutions When it comes to the rising importance…
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How to be a Good Leader
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Fintech and Due Diligence – Disruptors and Established Firms Evolve
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A Commercial Banker’s Tickler Transition Plan
Oct 18, 2017Just do a keyword search for “bank tickler,” and you’ll quickly realize that banks are still heavily reliant on manual…
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Understanding and Developing Your Personal Brand: Four Steps to a More Intentional Career Progression
Sep 5, 2017It is imperative for individuals to have a general idea about their future career aspirations, just as companies should have clearly defined strategies.
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Selecting a Technology Vendor: 3 Questions to Ask
Jul 5, 2017As with anything else at your bank, selecting a technology vendor can be a challenging decision. Users from across different…
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Why Back-Office Lending Automation Enhances Customer Satisfaction
Apr 25, 2017Every bank strives to keep its customers happy. Of course, some institutions are better at achieving this goal than…
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The Lost Art of the Loan Purchase
Mar 2, 2017Purchasing a loan directly from a bank whether at par or discount is a not-often-used technique that is easily…
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Audit Prep: Why a Paperless Approach Makes Sense
Feb 15, 2017How much time does your financial institution spend preparing for audits? We recently surveyed 187 community banks, and the results…
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Back Office Support Services: Helping you approve more clients
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“All Assets” is the Key When Drafting UCC-1 Financing Statement Collateral Descriptions
Jan 30, 2017Even when prepared by outside or in-house counsel, many lenders pay close attention to draft UCC financing statements before they…
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Paper Loan Files: Does Your Bank Know the True Cost?
Jan 12, 2017Sure, there’s a tangible cost associated with deploying an electronic loan imaging system. Software, support, and scanning hardware are just…
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June 21, 2023
Source: Northwest Bank
Columbus, Ohio. - Northwest Bank, a full-service financial institution offering a complete line of business and personal banking products, has appointed Jay DesMarteau as senior executive vice president, chief commercial banking officer, effective today. He will provide strategic leadership and operational oversight for all aspects of Northwest’s commercial banking business.
“As we continue our progression to a high-performing commercial bank across multiple geographies and industries, Jay’s experience and proven track record in growing and scaling lines of commercial business make him the ideal person for this role,” said Louis J. Torchio, president and chief executive officer, Northwest Bank. “We look forward to Jay’s leadership of our commercial banking group and welcome him to Northwest.”
Mr. DesMarteau joins Northwest with nearly 30 years of experience in commercial banking and finance, most recently as head of commercial banking at LendingClub Bank, where he developed the overall strategy and distribution for the organization.
Prior to his position at LendingClub Bank, Mr. DesMarteau spent 12 years in commercial banking leadership roles at TD Bank. As head of commercial distribution at TD Bank, he led seven teams comprised of 500 people responsible for middle market equipment finance, business banking, SBA lending, healthcare practice, government banking, treasury management and merchant solutions.
Mr. DesMarteau also served as president of equipment finance at CIT Bank, overseeing a team of 85 people and $1.5 billion in managed assets. In addition, he also spent 16 years with General Electric, including six years in vice president positions with GE Commercial Finance and GE Commercial Solutions.
“It’s an honor to join such a talented team of experienced commercial lending professionals,” said Mr. DesMarteau. “I’m excited to build on Northwest’s diverse portfolio of commercial products and services, robust digital banking capabilities and strong history of customer service to further support commercial customers in achieving their visions.”
Mr. DesMarteau earned his bachelor’s degree in industrial management from Purdue University and an MBA from Duke University. Currently residing in Westport, CT, Mr. DesMarteau will be relocating to Columbus, OH, headquarters of Northwest Bancshares, Inc.
About Northwest
Headquartered in Columbus, Ohio, Northwest Bancshares, Inc. is the bank holding company of Northwest Bank. Founded in 1896 and headquartered in Warren, Pennsylvania, Northwest Bank is a full-service financial institution offering a complete line of business and personal banking products, as well as treasury management solutions and wealth management services. Northwest currently operates 134 full-service community banking offices and eight free standing drive-through facilities in Pennsylvania, New York, Ohio and Indiana. The common stock of Northwest Bancshares, Inc. is listed on the NASDAQ Global Select Market ("NWBI"). Additional information regarding Northwest Bancshares, Inc. and Northwest Bank can be accessed on-line at www.northwest.com.
“As we continue our progression to a high-performing commercial bank across multiple geographies and industries, Jay’s experience and proven track record in growing and scaling lines of commercial business make him the ideal person for this role,” said Louis J. Torchio, president and chief executive officer, Northwest Bank. “We look forward to Jay’s leadership of our commercial banking group and welcome him to Northwest.”
Mr. DesMarteau joins Northwest with nearly 30 years of experience in commercial banking and finance, most recently as head of commercial banking at LendingClub Bank, where he developed the overall strategy and distribution for the organization.
Prior to his position at LendingClub Bank, Mr. DesMarteau spent 12 years in commercial banking leadership roles at TD Bank. As head of commercial distribution at TD Bank, he led seven teams comprised of 500 people responsible for middle market equipment finance, business banking, SBA lending, healthcare practice, government banking, treasury management and merchant solutions.
Mr. DesMarteau also served as president of equipment finance at CIT Bank, overseeing a team of 85 people and $1.5 billion in managed assets. In addition, he also spent 16 years with General Electric, including six years in vice president positions with GE Commercial Finance and GE Commercial Solutions.
“It’s an honor to join such a talented team of experienced commercial lending professionals,” said Mr. DesMarteau. “I’m excited to build on Northwest’s diverse portfolio of commercial products and services, robust digital banking capabilities and strong history of customer service to further support commercial customers in achieving their visions.”
Mr. DesMarteau earned his bachelor’s degree in industrial management from Purdue University and an MBA from Duke University. Currently residing in Westport, CT, Mr. DesMarteau will be relocating to Columbus, OH, headquarters of Northwest Bancshares, Inc.
About Northwest
Headquartered in Columbus, Ohio, Northwest Bancshares, Inc. is the bank holding company of Northwest Bank. Founded in 1896 and headquartered in Warren, Pennsylvania, Northwest Bank is a full-service financial institution offering a complete line of business and personal banking products, as well as treasury management solutions and wealth management services. Northwest currently operates 134 full-service community banking offices and eight free standing drive-through facilities in Pennsylvania, New York, Ohio and Indiana. The common stock of Northwest Bancshares, Inc. is listed on the NASDAQ Global Select Market ("NWBI"). Additional information regarding Northwest Bancshares, Inc. and Northwest Bank can be accessed on-line at www.northwest.com.
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