BankFinancial Expands Commercial Finance Team and Reaffirms Commitment to Exceptional Service and Competitive Lending Solutions

Rhea-AI Summary

BankFinancial has announced the appointment of Forrester Faia as Vice President and Regional Commercial Financial Leader for the Illinois market. With over 25 years of expertise in commercial finance, Faia will focus on connecting Chicago-area companies with BankFinancial's commercial banking services.

The bank emphasizes its unique position as the only institution offering a hybrid product allowing customers to switch between financing options without refinancing. Key advantages include direct lending with competitive pricing, an exclusive prime rate discount of 1.00% below the WSJ published rate, a dedicated business servicing team, and comprehensive in-house loan servicing.

This strategic addition aligns with BankFinancial's commitment to providing middle-market businesses with tailored financial solutions, including receivables financing and working lines of credit, designed to enhance cash flow and support growth.

Positive

• Exclusive prime rate discount of 1.00% below WSJ published rate
• Unique hybrid product offering flexible financing options without refinancing
• In-house loan servicing capabilities

Negative

• None.

CHICAGO, Jan. 08, 2025 (GLOBE NEWSWIRE) -- BankFinancial, a trusted name in commercial lending with over a century of experience, proudly announces the appointment of Forrester Faia as Vice President and Regional Commercial Financial Leader for the Illinois market. This strategic addition reflects the bank’s ongoing commitment to delivering unparalleled financial solutions to middle-market businesses.

In his new role, Mr. Faia will spearhead efforts to connect companies in the greater Chicago area with BankFinancial’s full suite of commercial banking services. With over 25 years of expertise in commercial finance, including working capital and debt financing through asset-based and factoring structures, Mr. Faia is poised to drive growth and innovation for clients in the region.

“We are thrilled to welcome Forrester Faia to our team,” said F. Morgan Gasior, CEO. “His extensive background and deep understanding of commercial finance perfectly align with our mission is to empower businesses with flexible, competitive financial solutions, delivered with the support of a responsive and expert team.”

A Unique Approach to Commercial Finance
BankFinancial stands apart from finance companies, offering businesses direct lending with significantly better pricing and unmatched customer service. As the only bank providing a hybrid product that allows customers to migrate seamlessly between financing options without refinancing, BankFinancial ensures clients have the flexibility they need to grow and adapt.
Key advantages of BankFinancial’s commercial finance offerings include:

• Direct Lending with Competitive Pricing: Avoid the higher costs associated with finance companies.
• Exclusive Prime Rate Discount: Access a special prime rate at 1.00% below the WSJ published rate.
• Dedicated Business Servicing Team: Providing businesses with direct access to product experts for fast and efficient service.
• Comprehensive Loan Servicing: All loans are serviced in-house, providing consistency and reliability.

Empowering Middle-Market Growth
BankFinancial remains committed to supporting businesses with tailored solutions designed to enhance cash flow and fuel growth. From receivables financing to working lines of credit, BankFinancial’s offerings are crafted to address the unique needs of middle-market companies.

About BankFinancial
With over 100 years of expertise in commercial lending, BankFinancial, NA is a trusted partner for businesses, individuals, and families seeking flexible and competitive financial solutions. As a direct lender, BankFinancial combines industry-leading products with a customer-focused approach to empower businesses across the greater Chicago area and beyond. Through 18 full-service banking offices located in Cook, DuPage, Lake, and Will Counties in Illinois, the bank delivers comprehensive financial services while also serving select commercial loan, lease, and deposit customers regionally and nationwide. BankFinancial, NA operates as a subsidiary of BankFinancial Corporation, whose common stock is traded on the Nasdaq Global Select Market under the symbol BFIN. For more information, visit www.bankfinancial.com.

For Further Information Contact:
Media Inquiries:
Gregg T. Adams
President – Marketing & Sales
BankFinancial, NA
Telephone: 630-425-5877

FAQ

What new appointment did BankFinancial (BFIN) announce in January 2024?

BankFinancial appointed Forrester Faia as Vice President and Regional Commercial Financial Leader for the Illinois market.

What is BankFinancial's (BFIN) prime rate discount offering?

BankFinancial offers an exclusive prime rate discount of 1.00% below the WSJ published rate.

What unique financing feature does BankFinancial (BFIN) offer to commercial clients?

BankFinancial is the only bank offering a hybrid product that allows customers to migrate between financing options without refinancing.

What commercial finance services does BankFinancial (BFIN) provide to middle-market businesses?

BankFinancial provides receivables financing, working lines of credit, and direct lending with competitive pricing, all serviced in-house.