Group grows team and client roster, hitting over $200 million in commitments at midyear
HOUSTON, TEXAS, September 4, 2013 – Associated Bank is pleased to officially announce that Brian Caddell has joined the Specialized Financial Services division as a senior vice president for the Oil and Gas Segment. Hired to focus on business development for the segment, Caddell is responsible for managing new and existing client relationships with the goal of growing the commercial lending platform for the sector.
“Brian brings extensive experience and industry knowledge to Associated Bank and we are thrilled to have him as part of the oil and gas team,” said Tim Brendel, Senior Vice President and Oil and Gas Segment Leader.
With over eight years of experience, Caddell was previously a vice president and relationship manager with Union Bank’s Oil and Gas group for five years where he was responsible for managing a $500 million portfolio. Prior to joining Union Bank, he served as an assistant vice president with Amegy Bank’s Oil and Gas group. Caddell earned his Masters of Business Administration from the University of Houston and a Bachelor’s of Business Administration in finance from Oklahoma University.
The Oil and Gas Segment based out of Houston is rapidly growing its roster of clients and is managing a portfolio of over $600 million in commitments. Through midyear, the team has closed 10 transactions totaling over $200 million with a strong pipeline for the remainder of 2013.
One recent success for the team is serving as Syndication Agent for a revolving credit facility for New Source Energy Corporation, an independent energy company focusing on delivery through streamlined operations and vertically integrated infrastructure. Associated Bank will also provide treasury management services for New Source.