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Bankwell Hires Head of SBA Lending

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Bankwell Financial Group, Inc. (NASDAQ: BWFG) has appointed Michael Johnston as Senior Vice President and Head of SBA Lending, a newly created position. Johnston, previously National Sales Director at Ready Capital, brings extensive experience from roles at Zions Bank, Bank of the West, CapitalSource, and Washington Mutual. Christopher R. Gruseke, President and CEO of Bankwell, emphasized that this appointment aligns with the bank's strategy to evolve as a relationship-driven, commercially focused institution supporting small businesses. Johnston expressed excitement about contributing to Bankwell's growth strategy, particularly in expanding its small business customer base.

Bankwell Financial Group, Inc. (NASDAQ: BWFG) ha nominato Michael Johnston come Vice Presidente Senior e Capo della concessione di prestiti SBA, una posizione appena creata. Johnston, precedentemente Direttore Vendite Nazionale di Ready Capital, porta con sé una vasta esperienza maturata in ruoli presso Zions Bank, Bank of the West, CapitalSource e Washington Mutual. Christopher R. Gruseke, Presidente e CEO di Bankwell, ha sottolineato che questa nomina è in linea con la strategia della banca di evolversi in un'istituzione orientata alle relazioni e focalizzata commercialmente, a sostegno delle piccole imprese. Johnston ha espresso entusiasmo per il suo contributo alla strategia di crescita di Bankwell, in particolare per l'espansione della sua base di clienti tra le piccole imprese.

Bankwell Financial Group, Inc. (NASDAQ: BWFG) ha nombrado a Michael Johnston como Vicepresidente Senior y Jefe de Préstamos SBA, un puesto recién creado. Johnston, anteriormente Director Nacional de Ventas en Ready Capital, aporta una amplia experiencia de roles en Zions Bank, Bank of the West, CapitalSource y Washington Mutual. Christopher R. Gruseke, Presidente y CEO de Bankwell, enfatizó que este nombramiento se alinea con la estrategia del banco para evolucionar como una institución centrada en las relaciones y enfocada comercialmente en apoyar a las pequeñas empresas. Johnston expresó su entusiasmo por contribuir a la estrategia de crecimiento de Bankwell, especialmente en la expansión de su base de clientes de pequeñas empresas.

Bankwell Financial Group, Inc. (NASDAQ: BWFG)가 Michael Johnston을(를) SBA 대출 부문 수석 부사장으로 임명했습니다. 이는 새로 생긴 직책입니다. Johnston은 이전에 Ready Capital에서 국가 판매 이사로 재직했으며, Zions Bank, Bank of the West, CapitalSource 및 Washington Mutual에서의 폭넓은 경험을 보유하고 있습니다. Christopher R. Gruseke, Bankwell의 회장 겸 CEO는 이번 임명이 은행의 관계 중심, 상업적 초점을 맞춘 기관으로 발전해 나가려는 전략과 일치한다고 강조했습니다. Johnston은 Bankwell의 성장 전략에 기여할 수 있게 되어 기쁘며, 특히 작은 기업 고객 기반을 확장하는 데 기대를 표현했습니다.

Bankwell Financial Group, Inc. (NASDAQ: BWFG) a nommé Michael Johnston au poste de Vice-Président Senior et Responsable des Prêts SBA, un poste nouvellement créé. Johnston, ancien Directeur des Ventes Nationales chez Ready Capital, apporte une vaste expérience acquise au sein de Zions Bank, Bank of the West, CapitalSource et Washington Mutual. Christopher R. Gruseke, Président et CEO de Bankwell, a souligné que cette nomination s'inscrit dans la stratégie de la banque pour évoluer en une institution axée sur les relations et concentrée commercialement sur le soutien aux petites entreprises. Johnston a exprimé son enthousiasme à l'idée de contribuer à la stratégie de croissance de Bankwell, en particulier en élargissant sa base de clients de petites entreprises.

Die Bankwell Financial Group, Inc. (NASDAQ: BWFG) hat Michael Johnston zum Senior Vice President und Leiter des SBA-Kreditgeschäfts ernannt, einer neu geschaffenen Position. Johnston, der zuvor National Sales Director bei Ready Capital war, bringt umfassende Erfahrungen aus seinen Tätigkeiten bei Zions Bank, Bank of the West, CapitalSource und Washington Mutual mit. Christopher R. Gruseke, Präsident und CEO von Bankwell, betonte, dass diese Ernennung mit der Strategie der Bank übereinstimmt, sich als beziehungsorientierte, kommerziell fokussierte Institution weiterzuentwickeln, die kleine Unternehmen unterstützt. Johnston äußerte seine Freude darüber, zur Wachstumsstrategie von Bankwell beizutragen, insbesondere bei der Erweiterung der Kundenbasis für kleine Unternehmen.

Positive
  • Creation of new Head of SBA Lending position indicates strategic focus on small business lending
  • Appointment of experienced professional Michael Johnston with background from major SBA lender
  • Alignment with bank's strategy to expand small business customer base
Negative
  • None.

NEW CANAAN, Conn.--(BUSINESS WIRE)-- Bankwell Financial Group, Inc. (NASDAQ: BWFG), the parent company of Bankwell Bank, has announced the appointment of Michael Johnston as Senior Vice President in the newly established role of Head of SBA Lending.

Mr. Johnston most recently served as the National Sales Director for Ready Capital, the nation’s fourth largest SBA lender. Additionally, Mr. Johnston has held various lending and underwriting positions at Zions Bank, Bank of the West, CapitalSource, and Washington Mutual.

Christopher R. Gruseke, President and CEO of Bankwell, stated, "We are excited to welcome Michael to the team. We have created the new role of Head of SBA Lending to further our evolution as a relationship-driven, commercially focused bank with a passion for assisting small businesses. Michael is an excellent cultural fit with extensive skills and experience to help facilitate the growth of our SBA Lending business in a prudent and profitable manner.”

Mr. Johnston expressed his enthusiasm for joining Bankwell's team, stating, "The Bank’s executive leadership is dedicated to expanding our small business customer base as part of its growth strategy. I am thrilled to contribute to Bankwell’s ongoing success."

Courtney E. Sacchetti

(203) 652-0166

Source: Bankwell Financial Group, Inc

FAQ

Who is the new Head of SBA Lending at Bankwell Financial Group (BWFG)?

Michael Johnston has been appointed as Senior Vice President and Head of SBA Lending at Bankwell Financial Group (NASDAQ: BWFG).

What is Michael Johnston's previous experience before joining Bankwell (BWFG)?

Michael Johnston previously served as the National Sales Director for Ready Capital, the fourth largest SBA lender in the U.S. He also held positions at Zions Bank, Bank of the West, CapitalSource, and Washington Mutual.

Why did Bankwell Financial Group (BWFG) create the new Head of SBA Lending position?

Bankwell created this position to further its evolution as a relationship-driven, commercially focused bank with a focus on assisting small businesses and expanding its small business customer base.

How does the new SBA Lending head appointment align with Bankwell's (BWFG) strategy?

The appointment aligns with Bankwell's strategy to grow as a relationship-driven bank, focus on commercial banking, and expand its small business customer base in a prudent and profitable manner.

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