Eastern Bank Expands Franchise Lending Offering
Eastern Bank announces a significant expansion of its Franchise Lending division with two key appointments. David Farwell joins as Senior Vice President and Head of Specialty Finance, bringing over 20 years of specialty finance experience, previously serving as EVP at Citizens Bank where he led multiple industry-focused finance groups including McDonald's Franchise Finance.
Randi Baskin Blume joins as Senior Vice President of Franchise Finance, contributing 25 years of commercial lending experience, including over 10 years in franchise finance. At BMO Bank, she grew the McDonald's clientele from three to 50 operators in three years.
The expansion strengthens Eastern Bank's Franchise Finance division, which specializes in Quick Service Restaurant (QSR) business and offers various commercial financing solutions including working capital, equipment loans, real estate loans, and acquisition financing.
Eastern Bank annuncia un'importante espansione della sua divisione Franchise Lending con due nomine chiave. David Farwell entra come Vicepresidente Senior e Responsabile della Finanza Specializzata, portando con sé oltre 20 anni di esperienza nella finanza specializzata, avendo precedentemente ricoperto il ruolo di EVP presso Citizens Bank, dove ha guidato diversi gruppi di finanza focalizzati sull'industria, incluso il Finanziamento per i Franchising di McDonald's.
Randi Baskin Blume entra come Vicepresidente Senior della Finanza per Franchising, contribuendo con 25 anni di esperienza nel prestito commerciale, di cui oltre 10 anni nella finanza per franchising. Presso BMO Bank, ha fatto crescere la clientela di McDonald's da tre a 50 operatori in tre anni.
L'espansione rafforza la divisione Franchise Finance di Eastern Bank, che si specializza nel business dei Ristoranti a Servizio Veloce (QSR) e offre varie soluzioni di finanziamento commerciale, inclusi capitale circolante, prestiti per attrezzature, prestiti immobiliari e finanziamenti per acquisizioni.
Eastern Bank anuncia una expansión significativa de su división de Franchise Lending con dos nombramientos clave. David Farwell se une como Vicepresidente Senior y Jefe de Finanzas Especializadas, aportando más de 20 años de experiencia en finanzas especializadas, habiendo sido anteriormente EVP en Citizens Bank, donde lideró múltiples grupos de financiamiento enfocados en la industria, incluido el Financiamiento de Franquicias de McDonald's.
Randi Baskin Blume se une como Vicepresidenta Senior de Finanzas para Franquicias, contribuyendo con 25 años de experiencia en préstamos comerciales, incluyendo más de 10 años en finanzas para franquicias. En BMO Bank, hizo crecer la clientela de McDonald's de tres a 50 operadores en tres años.
La expansión refuerza la división de Franchise Finance de Eastern Bank, que se especializa en el negocio de Restaurantes de Servicio Rápido (QSR) y ofrece diversas soluciones de financiamiento comercial, incluyendo capital de trabajo, préstamos para equipos, préstamos inmobiliarios y financiamiento para adquisiciones.
Eastern Bank는 프랜차이즈 대출 부문의 중요한 확장을 발표하며 두 명의 주요 인사를 임명했습니다. David Farwell가 수석 부사장 겸 전문 금융 책임자로 합류하며, 20년 이상의 전문 금융 경험을 보유하고 있습니다. 그는 이전에 Citizens Bank에서 EVP로 재직하며 맥도날드 프랜차이즈 금융을 포함한 여러 산업 중심의 금융 그룹을 이끌었습니다.
Randi Baskin Blume는 프랜차이즈 금융의 수석 부사장으로 합류하며, 25년의 상업 대출 경험을 기여하며, 그 중 10년 이상은 프랜차이즈 금융에 관련된 경력을 가지고 있습니다. BMO Bank에서 그녀는 맥도날드 고객을 3명에서 50명으로 3년 만에 성장시켰습니다.
이번 확장은 빠른 서비스 레스토랑(QSR) 비즈니스를 전문으로 하는 Eastern Bank의 프랜차이즈 금융 부문을 강화하며, 운영 자본, 장비 대출, 부동산 대출 및 인수 금융 등 다양한 상업 금융 솔루션을 제공합니다.
Eastern Bank annonce une expansion significative de sa division Franchise Lending avec deux nominations clés. David Farwell rejoint en tant que Vice-Président Senior et Responsable de la Finance Spécialisée, apportant plus de 20 ans d'expérience en finance spécialisée, ayant précédemment été EVP chez Citizens Bank où il a dirigé plusieurs groupes de financement axés sur l'industrie, y compris le Financement des Franchises McDonald's.
Randi Baskin Blume rejoint en tant que Vice-Présidente Senior de la Finance des Franchises, apportant 25 ans d'expérience en prêt commercial, dont plus de 10 ans dans la finance des franchises. Chez BMO Bank, elle a fait passer la clientèle de McDonald's de trois à 50 opérateurs en trois ans.
Cette expansion renforce la division Franchise Finance d'Eastern Bank, qui se spécialise dans le secteur des Restaurants à Service Rapide (QSR) et propose diverses solutions de financement commercial, y compris le fonds de roulement, les prêts d'équipement, les prêts immobiliers et le financement d'acquisition.
Eastern Bank kündigt eine bedeutende Expansion ihrer Franchise Lending-Abteilung mit zwei wichtigen Ernennungen an. David Farwell tritt als Senior Vice President und Leiter der Spezialfinanzierung bei, bringt über 20 Jahre Erfahrung in der Spezialfinanzierung mit und war zuvor EVP bei Citizens Bank, wo er mehrere branchenfokussierte Finanzierungsgruppen, einschließlich der McDonald's Franchise-Finanzierung, leitete.
Randi Baskin Blume tritt als Senior Vice President für Franchise-Finanzierung bei und bringt 25 Jahre Erfahrung im gewerblichen Kreditwesen mit, darunter über 10 Jahre in der Franchise-Finanzierung. Bei BMO Bank vergrößerte sie die McDonald's-Kundenbasis innerhalb von drei Jahren von drei auf 50 Betreiber.
Die Expansion stärkt die Franchise-Finanzierungsabteilung von Eastern Bank, die sich auf das Geschäft der Schnellrestaurants (QSR) spezialisiert hat und verschiedene kommerzielle Finanzierungslösungen anbietet, darunter Betriebskapital, Ausrüstungsdarlehen, Immobilienkredite und Akquisitionsfinanzierung.
- Strategic expansion into franchise lending with focus on profitable QSR sector
- Addition of two senior executives with proven track records in franchise finance
- New hire Blume demonstrated strong business development capability, growing McDonald's portfolio from 3 to 50 operators
- None.
David Farwell and Randi Baskin Blume Bring Decades of Franchise Lending Experience
“It is an exciting time for Eastern Bank as we build out our franchise lending offering, and we are thrilled to welcome David Farwell and Randi Baskin Blume to the team,” said Greg Buscone, Executive Vice President, Chief Commercial Banking Officer of Eastern Bank. “David’s track record of developing high-performing teams and Randi’s deep industry relationships will enhance how we support franchisees – many who are multi-generational family-owned businesses – with customized banking solutions.”
Mr. Farwell joins Eastern Bank with over 20 years of experience in specialty finance. Most recently, he served as Executive Vice President, Head of Specialty Banking – Franchise Finance at Citizens Bank, where he built and led multiple industry-focused finance groups, including McDonald’s Franchise Finance, General Restaurant Finance, Retail Petroleum Finance and Sports Finance. Mr. Farwell also played a pivotal role in shaping strategic credit policies and fostering long-term relationships with top-tier franchise operators. He holds an MBA degree in Finance from Boston College’s Carroll School of Management and a Bachelor of Science degree in Business Administration from the University of
Ms. Blume brings 25 years of commercial lending experience including over 10 years in franchise finance, most recently serving as Vice President, Franchise Finance – Senior Relationship Manager at BMO Bank, N.A. There, she managed a multi-million dollar loan portfolio, specializing in Quick Service Restaurant (QSR) franchises. She was instrumental in securing BMO’s designation as a McDonald’s Approved Lender, growing the bank’s McDonald’s clientele from three to 50 operators in just three years. Throughout her career, Ms. Blume has been dedicated to supporting franchisees by providing tailored lending solutions and strategic financial insights. She holds an MBA degree in Marketing Management from DePaul University and a Bachelor of Science degree in Finance from the University of Illinois Urbana-Champaign.
Eastern Bank’s Franchise Finance division is built on decades of industry expertise and a deep understanding of the unique financial needs of franchise operators. Eastern serves franchisees across top tier brands, and the team consists of highly experienced and dedicated advisors, portfolio managers and underwriters who specialize in the Quick Service Restaurant (QSR) business.
“Eastern Bank has a long-standing reputation for taking the time to understand the needs of its customers and how it can best support their visions, and I am excited to help expand our reach in this space,” said David Farwell, Senior Vice President, Head of Specialty Finance of Eastern Bank. “Our goal is to provide franchise operators with the financial resources and support they need to grow and succeed.”
“I’m thrilled to join Eastern Bank’s franchise lending team and to bring my experience in franchise finance to help clients achieve their business goals,” added Randi Baskin Blume, Senior Vice President, Franchise Finance of Eastern Bank.
Eastern Bank provides a range of commercial financing offerings to help companies across many industries improve cash flow, increase efficiencies and build for the future. Commercial lending solutions include working capital/lines of credit, equipment/term loans, real estate loans, acquisition financing, asset-based lending, franchise lending and employee stock ownership plan-related financing.
About Eastern Bank
Founded in 1818, Eastern Bank is Greater Boston’s leading local bank with more than 110 locations serving communities in eastern
View source version on businesswire.com: https://www.businesswire.com/news/home/20250318646943/en/
Media contact:
Andrea Goodman
Eastern Bank
a.goodman@easternbank.com
781-598-7847
Investor contact:
Andrew Hersom
Eastern Bankshares, Inc.
InvestorRelations@easternbank.com
860-707-4432
Source: Eastern Bank
FAQ
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