SOURCE Needham Bank About Needham BankNeedham Bank offers an array of tech forward products and services that businesses and consumers need to manage their financial needs. We have the financial expertise typically found at much larger institutions, and the local knowledge and commitment you can only find at a community bank. Known as the “Builder’s Bank”, Needham Bank has been helping individuals, businesses and non-profits build for their futures since 1892. For more information please visit https://NeedhamBank.com. Needham Bank is a member of FDIC and DIF.
Prior to joining Needham Bank as Senior Vice President and Director of the Structured Finance group, Daley was an SVP Team Leader at Customers Bank, managing a portfolio of commercial loans totaling over $300 million. He also managed commercial loan portfolios and served as a credit analyst at banks including Flagstar Bank, First Trade Union Bank and Banco Santander (Sovereign Bank). He received a Bachelor of News Administration from George Washington University with a concentration in International News. The new team reflects Needham Bank’s ongoing commitment to growth and innovation — the core of the bank’s 120-year legacy of providing local community members with the services and support they need to thrive. The Structured Finance team complements the bank’s core Commercial Real Estate Lending group by expanding its Commercial & Industrial lending division, which Needham Bank has been growing for the past decade to serve Small News (loans up to $2 million) and Middle Market (loans of $2 million-$10 million) entities. The Structured Finance team also gives Needham Bank a platform to engage in larger transactions through syndications and participation lending with other commercial banking institutions.
In addition to the growth capital, lines of credit and other senior debt instruments available through the Structured Finance team, Needham Bank offers business clients concierge banking services, including deposits, cash management, credit cards, and merchant services. To learn more about Needham Bank’s Structured Finance and other services, visit www.NeedhamBank.com. The Structured Finance group’s portfolio of clients already includes a range of businesses, including manufacturers, private and higher education institutions, sports and recreation, automobile financing and specialty contractors. Daley and his team are also focusing on the growing demand for energy sources that are reliable and improve public health. They have grown the bank’s portfolio of customers in the renewable energy sector for commercial solar and wind power projects to meet the burgeoning demand for energy sources that protect the environment by combating climate change.
The News Highlights
- Needham Bank features a structured finance team focused on serving emerging, high-growth, renewable energy companies in New England
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