Pittsfield, MA – Berkshire Bank, America's Most Exciting Bank®, has announced Diane Williams as VP, Asset Based Loan Officer for the Mid-Atlantic region. Williams will be responsible for managing all Asset Based Lending lines of credit, monitoring current accounts for the region and building new relationships to increase the Asset Based Lending portfolio.
In the last 9 months, the Mid-Atlantic Asset Based Lending team has closed five deals, totaling over $45 million in commitments and $30 million in loan outstandings. These deals support various industries throughout the region from PA to NJ, including IT support services, specialty millwork, and a facility to support building product distribution.
"2017 was an incredibly successful year for Berkshire Asset Based Lending in the Mid Atlantic. With the addition of Diane to our team, we are excited about the growing possibilities for 2018. Her experience in the Mid-Atlantic region forming and maintaining business relationships and her extensive industry knowledge will add to the team's success" said Kenneth Kaestner, SVP, Asset Based Lending Regional Leader for the Mid- Atlantic.
Williams previously held the position as Vice President of Asset Based Lending for Lakeland Bank in New Jersey. There she originated, structured, underwrote and managed ABL lines of credit, equipment lines of credit, term loan facilities, and owner occupied commercial mortgages ranging from $1.5 million to $25 million.
Williams attended college in New Jersey where she earned a Bachelor's of science degree in Business Management from Rutgers University and went on to get her MBA of Business Administration from Rowan University. Residing in West Milford, NJ, Diane is on the board of both the Commercial Finance Association and the NextGen Turnaround Management Association.
Williams is located at 4420 Route 27, Kingston, NJ 08528 and can be reached at 973-534-2669 or drwilliams@berkshirebank.com.
###
About Berkshire Bank
Berkshire Hills Bancorp (NYSE: BHLB) is the parent of Berkshire Bank, America's Most Exciting Bank®. The Company, recognized for its entrepreneurial approach and distinctive culture, has $11.6 billion in assets and 113 full service branch offices in Massachusetts, New York, Connecticut, Vermont, New Jersey and Pennsylvania providing personal and business banking, insurance, and wealth management services. Berkshire Bank was named one of Massachusetts Most Charitable Companies in 2017 by the Boston Business Journal. To learn more, visit www.berkshirebank.com, call 800-773-5601 or follow us on: Facebook, Twitter, and LinkedIn.
Documents and/or Photos available for this release:
Caption(s):
Diane Williams, VP Asset Based Loan Officer
To view supporting documents and/or photos, go to http://www.enr-corp.com/pressroom and enter Release ID: 417710