CFA MEMBERS

Bibby Financial Services announced record new business results for 2007. During the year, Bibby Financial Services funded 350 new clients in North America, doubling its client base during the year. The volumes for new clients were $630 million, also a record for the Chicago-headquartered Bibby Financial

Bridge Business Bancorp, an operating division of Bridge Finance Group, has added Gerry Gonzalez as a market manager in the Los Angeles/Orange County area. Gonzalez will manage the company's growing client base on the West Coast.

Joel Frederick has joined as a market manager in the Seattle area. He will manage the company's growing client base on the West Coast.

Charlie Snyder has joined as a market manager in the Mid Atlantic and Northeastern US, with a strong focus on Philadelphia, Baltimore and New York.

Bridge Finance Group: Christopher R. Soupal joined as director in the company's Chicago headquarters office. He will be responsible for managing the syndication efforts of Bridge Finance Group, including distribution and origination of syndicated debt.

Amanda Bowser has joined as marketing associate. Bowser will handle internal and external marketing activities and coordination. She will also be the administrator of Bridge's client and referral source database system.

Burdale Capital Finance has continued its expansion by appointing Scott Elliotto and Phillip Webb to its growing assetbased lending business in the U.S. This move demonstrates Burdale's continued commitment to strengthening its North American offering, which is headed up by David Grende, chief executive.

Capital One Leverage Finance Corp. (f/k/a North Fork Business Capital), a subsidiary of Capital One, N.A., announced the hiring of Joseph P. Davisson as senior vice president-marketing manager for the Midwest region based in Oak Brook, IL This full-service office focuses on generating new business from middlemarket companies requiring Ss million to Siso million in asset-based and structured finance credit facilities.

Capital TempFunds: Jason LeuVoy has been named senior vice president of business development for the Midwest U.S. Region. LeuVoy is responsible for new sales and client development. Robert S. Derbabian was named senior vice president of business development for the northeast United States. Derbabian's focus is on developing relationships to assist clients and providing financial solutions to those in staffing and other service industries.

CIT Capital Markets: William J. Koslo, Jr. has been appointed as managing director and group head.

CIT Group Inc.: Michael Klein was appointed as managing director in its Commercial & Industrial unit. Klein will be responsible for expanding CIT's client relationships nationally in the food, beverage and consumer products sectors through the delivery of financing solutions and advisory services on M&A transactions.

Nancy J. Foster was appointed as chief risk officer. Foster, who joined CIT in early 2007 as chief credit officer, will report directly to Jeffrey M. Peek, chairman and CEO of CIT. She will be responsible for global credit oversight and enterprise-wide risk management and will chair CIT's newly created Enterprise Risk Management Committee. Lawrence A. Marsiello, CIT's vice chairman and chief lending officer, resigned from CIT, with a view towards retirement, on February 29, 2008 after 34 years of service with the company.

CIT Group Inc. announced a vendor financing agreement with Lennox Industries Inc., a subsidiary of Lennox International Inc. Under the terms of the agreement, CIT Vendor Finance will provide financing to commercial customers of Lennox's North American commercial contractors to upgrade their existing, inefficient Heating Ventilation and Air Conditioning (HVAC) systems to Lennox's more energy-efficient models. CIT Group Inc. established a business referral relationship with Tokyo Leasing Co., Ltd. Through this relationship CIT Vendor Finance is able to offer financing to its global vendor partners' customers in japan as Tokyo Leasing will become CIT's preferred funding partner.

The Commercial Finance Group: Jennie Zampardo was hired as business development officer for Washington, Idaho, Montana and Alaska. She can be reached at: 5814 Graham Avenue, #102, Sumner, WA 98390; Tel: (206) 246-9970 or (800) 783-1403.

Crestmark Bank: Jack Roper was hired as executive vice president and chief credit officer at Crestmark's Troy, Ml office. His primary focus will be to establish and maintain a sound credit culture based on a clear vision and single message to all stakeholders. Evan Rosoff was hired as senior leader, vice president at Crestmark Bank's West Palm Beach office. Heidi Luck was hired as direct marketing manager. She will be responsible for establishing Crestmarks's telemarketing program and email marketing.

Factors Southwest: Kristen Carreno was appointed as vice president of operations. Carreno has over 25 years of experience in the banking/finance and commercial real estate fields.

First Business Capital Corp.: Mark Buchert has been promoted to vice president-account executive. Buchert is responsible for managing existing client relationships within First Business Capital Corp.

First Capital: Steven Schrull has joined the company as senior vice president in the West Palm Beach office. Schrull has over 20 years' experience in the Trade Credit Insurance industry. Scott S;'mmons has been promoted to senior vice president in the Oklahoma City office. Simmons is responsible for marketing and new business development for the Midwest Region focusing on the Texas region. He has almost 20 years of commercial lending experience. Ross Norwood has been promoted to senior vice president in the Oklahoma City office. Norwood is responsible for marketing and new business development for the Midwest Region. He has been with First Capital since 1991. He has served as auditor, account executive, credit underwriter and business development officer.

Keith Smith has joined the company as senior vice president and legal counsel. Smith is responsible for structuring, negotiating and documenting financial transactions the company enters into with its clients.

Martin Eckstein has joined the company as senior vice president in the First Capital Western Region office located in Los Angeles, CA. Eckstein brings more than 25 years of experience in factoring and commercial finance to the First Capital team.

Ronald (Ron) Garber has joined the company as senior vice president and portfolio manager. Garber will be overseeing all aspects of the factoring operations for First Capital's Western Region located in Los Angeles, California.

Gail Shipley has been promoted to senior vice president/treasury services manager in the Oklahoma City, OK office. Shipley oversees all aspects of First Capital's treasury management division. She has been with First Capital since July, 2004, previously serving as vice president/assistant treasurer.

Gateway Trade Finance LLC: Thomas A. Novembrino has joined the firm as executive vice president and principal. He can be reached at t.novembrino@gatewaytradefinance.com or 714-813-7100.

Gibraltar Financial Corporation: Scott Winicour was promoted to senior vice president from vice president. Winicour began his finance career with Gibraltar in 1996 as an account executive. He currently oversees Gibraltar's loan portfolio and is also in charge of sales and marketing. He can be reached at 847-272-9600 or swinicour@gibraltarfinancial.com. Anthony Fortunato has joined as vice president of operations. Fortunato brings over 10years experience in commercial finance and portfolio management. He will be responsible for the day-to-day operations and will also assist with new business development. He can be reached at 847-272-9600 or afortunato@ gibraltarfinancial.com.

GMAC Commercial Finance (GMAC CF) Structured Finance Division: Greg Mathis has joined as managing director, head of syndications. GMAC CF Structured Finance also announced the appointment of Dennis Baelis as the managing director, marketing for its Northeast region and George Crieco as team leader, underwriting. These positions are based out of the GMAC CF New York office.

Greystone Business Credit: Michael Skat has joined the company as directorSoutheast region. Skat will be responsible for business expansion throughout the southeastern United States and will be based in the Orlando, FL area.

Greystone Commercial Services LP: Peter B. Cooney has been named chief executive officer, overseeing all aspects of the business operations including originations, risk management, finance, and client retention. JeffKassing has been named president of Greystone Commercial Services LP. Along with continuing his role as legal counsel for GCS, Kassing will be actively involved in all of the strategic and operational aspects of the business.

Hennessey Capital: Toby Dahm and Jeff Wright have been promoted to senior vice presidents. As senior vice president, Dahm focuses on managing and expanding the asset-based lending services offered by Hennessey Capital.

Lighthouse Financial Corp.: James McArthur has been hired as vice president, business development officer to cover the U.S. lower Southeast region. McArthur's primary responsibility will be the origination of new asset-based loans in his territory along with obtaining collateral monitoring assignments with community banks lacking sufficient staffing or in-house expertise to perform these activities. Based out of Clearwater, FL, he can be contacted by phone at (727) 560-0961 or by e-mail at jmcarthur@ lighthousefinancial.net.

Marquette Commercial Finance: Dan Karas, executive vice president of sales and marketing, will assume the additional role of executive vice president, national marketing manager for Marquette Business Credit and Marquette Healthcare Finance. He will continue his current responsibilities for Marquette Commercial Finance and be based in Fort Worth, TX.

MidCap Business Credit: Will MacArthur will be brokering commercial finance loans with MidCap in Georgia. Will has over 30 years of experience in the financial services sector and has held various senior level positions with Wachovia securities and Morgan Stanley & Co., Incorporated.

North Fork Business Capital has changed its name to Capital One Leverage Finance Corporation, a subsidiary of Capital One, NA. It will continue to offer assetbased and structured finance facilities to middle-market companies requiring $5 million to $150 million or more.

Phoenix Capital Group: William Reimnitz has joined the company as national sales manager. Reimnitz brings with him over 16 years of experience in the factoring industry and will be instrumental in the company's plan to expand its presence nationwide.

Platinum Funding Group: Dina Niron has been promoted to senior vice president of business development. In her new role, she will lead Platinum's business development team and continue to shape the company's marketing initiatives.

Anna Belkina was promoted to senior business development officer for special situations. In her new role, she will represent Platinum Funding Group in the investment banking, hedge fund, venture capital and private equity communities nationwide.

PNC announced the following new appointments in its nationwide secured lending team:

Steven Janson has been appointed vice president in the Charlotte, NC office, responsible for business development and for sourcing middle-market commercial borrowers in North Carolina. Keith Moei/er/ng has been appointed vice president, responsible for business development and for sourcing middlemarket commercial borrowers in the Washington, D.C. area. Tom Sinclair has joined PNC as a senior vice president in the Pasadena, CA office, responsible for managing a business development team sourcing middle-market commercial borrowers throughout California, Arizona and Nevada.

Presidential Financial Corporation: Tom Matthesen has been appointed as CEO. He replaces Don Beard, who had served as interim CEO since October.

During first quarter, the company will acquire Matthesen's firm, Wall Financial Services of Alpharetta, GA. Like Presidential, Wall specializes in financing smalland mid-sized businesses and healthcare providers. Five Wall employees will join Presidential including Keith Kirkland as senior vice president of sales; John Suchaniak as senior vice president/ portfolio manager; Ivan McGlatheryas associate vice president/credit manager; Zachary Miller as vice president of sales and Ali Washer as project manager.

Presidential Financial Corporation of the Chesapeake (PFCC): Brad Hecht has been promoted to assistant vice president.

Sovereign Bank's Asset Based Lending Group: Kenneth W. Frank has been hired as senior vice president - business development for the Pennsylvania, South New Jersey, Delaware, Maryland and Virginia regions. He will maintain offices at 1500 Market Street, Centre Square West Tower, 25th Floor, Philadelphia, PA, 19102. He can be contacted at 267-675-4909 or kfrank@sovereignbank.com.

Summit Financial Resources: Andrew Osborn was appointed to senior vice president, national sales manager.

Textron Financial: George Garrod has joined its Commercial Finance division as vice president of business development. He is based in Chicago, IL and is responsible for new business development in Western Michigan, Indiana, Illinois, Wisconsin, Minnesota, Iowa, Missouri, Nebraska, Kansas, North Dakota and South Dakota.

Textron Financial announced a new financing arrangement with Terraquip Inc. that establishes the company as a financing provider for Terraquip's complete line of construction and material-handling equipment. As part of the arrangement, Textron Financial will offer full-service equipment financing to all qualified Terraquip customers.

Wells Fargo Business Credit (WFBC): Kevin Cox was named vice president and business development officer for Wells Fargo Business Credit. He is responsible for marketing asset-based financing to middlemarket businesses throughout Oregon.

Based out of Wells Fargo Business Credit's Portland office, Cox can be contacted at (503) 886-1272 or Kevin.M.Cox@ wellsfargo.com.

Debbie Cimini has been promoted to senior vice president and regional business development manager of the New York and Philadelphia Wells Fargo Business Credit offices. She can be reached at Deborah.M.Cimini@wellsfargo.com or (609) 953-5357.

Marc Feigenbaum has been named business development officer based in Philadelphia. Due to Cimini's promotion, Feigenbaum was hired to market assetbased financing for Wells Fargo Business Credit to middle-market businesses throughout Pennsylvania, Delaware, Maryland, Washington D.C. and Southern New Jersey.

He is based out of Wells Fargo Business Credit's Philadelphia office. He can be contacted at (215) 861-9402 or Marc.S.Feigenbaum@wellsfargo.com. Trent Fuquay was named business development officer. He is responsible for marketing the unit's asset-based financing solutions to middle-market businesses throughout the Houston area. Based out of Wells Fargo Business Credit's Houston office, Fuquay can be contacted at (713) 319-1380 or Trent. Fuquay@wellsfargo.com.

Wells Fargo Business Credit Canada: Ronnie Bloom was hired as vice president of business development, responsible for marketing asset-based financing. Andy Dayes was hired as vice president of business development, responsible for marketing accounts receivable purchase programs. Dayes and Bloom are both located at Wells Fargo Business Credit Canada's Toronto office in the Canada Trust Tower at Brookfield Place, 161 Bay Street.

Wells Fargo & Company will offer accounts receivable purchase programs and expand its asset-based finance capabilities to companies throughout Canada through a new affiliate, Wells Fargo Business Credit Canada ULC. Wells Fargo Business Credit Canada will offer asset-based credit facilities to companies with credit needs between $2 million to $20 million. It will also offer accounts receivable purchase programs to businesses with monthly sales from $50,000 to $100 million or more.

Commercial Finance Association Welcomes New Staff Members Ariana Sant'Angelo has joined the CFA team as communications and membership coordinator, assisting in the day-to-day communications, membership and chapter activities. Sant'Angelo is a recent cum laude graduate of Fordham University, where she majored in communications and media studies and minored in marketing. While at Fordham, she was the vice president of the Circle K Club, the collegiate branch of Kiwanis International. Recently, she was published while interning with Elegant Bride magazine, a Condé Nast publication. During the summer, you can find Ariana boating with her family on the Long Island Sound or kayaking in Oyster Bay.

John Scherf has joined as director of finance and administration. He has over 25 years of experience in the finance and not-for-profit environments. Prior to joining CFA, Scherf was the CFO and treasurer of a 12,500-member international association located in Chicago. He was also the treasurer of the organization's foundation. His other significant nonprofit experience includes serving as CFO of an international sorority with over 100,000 members and as a member of its foundation board. Scherf has also been the CFO or director of finance for a regional children's museum, and companies in the post-production audio/video, publishing and Internet-design fields.

Eric Waller has joined as manager of membership operations. He is responsible for managing the day-to-day operations for membership services, database requests and general customer service inquiries. Waller will be leading CFA in its implementation of a new membership database this year. Before joining CFA, he spent five years at Financial Executives International as supervisor of membership operations. Waller also has experience in the health insurance industry. He earned a B.A. from Lycoming College in history and criminal justice.

THE FOLLOWING HAVE BEEN ACCEPTED AS NEW MEMBERS OF THE COMMERCIAL FINANCE ASSOCIATION

Agape World, Inc.

150 Motor Pkwy., Ste. 106

Hauppauge, NY 11788

Nicholas Cosmo, president

Tel: (631) 231-5600

Fax: (631) 231-5616

Agape World Inc. is a commercial bridge lender. Nicholas Cosmo is president and chief strategy officer of the growing bridge loan firm, and the current CEO of Agape World Bridges LLC and Agape Merchant Advance LLC. He started Agape World Inc. in 1999 and incorporated from an S class filing in August of 2000. Agape World Bridges LLC was formed in 2006 to help handle the incredible growth of Cosmo's firm. His innovative business model has funded all types of loans since 2000.

Cosmo, who will represent Agape World Inc. on CFA's Board of Directors, began his business career as a marketing specialist for Pro-Edge Inc. He also held key positions at Apple Bank/TSS Services and Long Island Blood Services. In 1996, he started and operated a successful online car advertising company, Agapecars.com, a similar model to cars.com and autotrader.com.

Cosmo received his Bachelor's degree from St. John's University in New York where he was awarded a full scholarship to play baseball, later signing a professional baseball contract with a division of the Cincinnati Reds.

AmeriFactors Financial Group, LLC

215 Celebration Pl., Ste. 340

Kissimmee, FL 34747

Kevin R. Gowen, Sr., president & CEO

Tel: (407) 566-1150

Fax: (407) 566-1250

www.amerifactors.com

Information pending.

Boone Opportunity Lenders, LLC

18 S. Main St., 3rd Fl.

Norwalk, CT 06854-2940

Randall P. Stern, principal

Tel: (203) 854-5281

Fax: (877) 472-2740

www.boonelenders.com

Information pending.

Carolina First Bank

P.O. Box 1029,104 S. Main St.

Greenville, SC 29602

David Shelnutt, senior vice president

Tel: (864) 552-9012

Fax: (864) 421-1307

www.carolinaflrst.com

The South Financial Group is the largest publicly traded bank holding company headquartered in South Carolina and ranks among the top 50 U.S. commercial bank holding companies in total assets. TSFG focuses on fast-growing banking markets in the Southeast, concentrating its growth in metropolitan statistical areas. TSFG operates Carolina First Bank, which conducts banking operations in North Carolina and South Carolina (as Carolina First Bank), in Florida (as Mercantile Bank), and on the Internet (as Bank Caroline).

David Shelnutt, who will represent Carolina First Bank on CFA's Board of Directors, joined Carolina First in November, 2006 to consolidate the existing asset-based efforts of the two banks into a more focused, efficient and proactive program for increasing the corporation's penetration into the asset-based lending arena. Prior to this, he served as senior credit policy officer and director of the monitor credit group for The South Financial Group (Carolina First Bank in the Carolinas and Mercantile Bank in Florida).

He also worked at First Union National Bank (Wachovia) for 19 years in leasing, asset-based lending and commercial credit and introduced the light monitored ABL product at FUNB in 1986. He began his banking career in 1971 with C&S National Bank of South Carolina.

Century Services (USA), Inc.

1459 E. Thousand Oaks Blvd., Ste. Ga

Thousand Oaks, CA 91362

Joe Seigo, manager, U.S.

Tel: (805) 557-1584

Fax: (80S) 551-1594

www.centuryservices.com

Information pending.

Danversbank

1 Conant St.

Danvers, MA 01923-2902

David Paitkin, senior vice president

Tel: (978) 739-0294

Fax: (978) 774-7893

www.danversbank.com

Information pending.

Franklin Capital Corp.

600 Central Ave., Ste. 396

Highland Park, IL 60035

David Fink, president

Tel: (847) 579-4780

Fax: (847) 574-7652

www.franklincapitalnetwork.coni

Information pending.

Liberty Capital Funding

7755 Center Ave., Ste. 1100

Huntington Beach, CA 92647

Richard L. Karch, manager

Tel: (714) 372-7214

Fax: (714) 372-2236

www.liberty-capitalfunding.com

Information pending.

Preferred Capital Partners, Inc.

1350 Bayshore, Ste. 500

Burlingame, CA 94010

Ashok Gujral, president

Tel: (650) 616-1376

Fax: (650) 899-1540

Information pending.

Spectra Financial Services, LLC

20100 N. sist Ave., Ste. E-sio

Glendale, AZ 85308

Nichole MeIiIIo, president

Tel: (623) 561-7898

Fax: (623) 561-7865

www.spectrafinancial.net

Information pending.

THE FOLLOWING INDIVIDUALS HAVE BEEN DESIGNATED AS MEMBERS OF CFA'S BOARD OF DIRECTORS

David Drogos

president

BFI Business Finance

851 E. Hamilton Ave., 2nd Fl.

Campbell, CA 95008

Tel: (408) 369-4000

Fax: (408) 369-4018

www.bfifinance.com

Drogos began his career with BFI Business Finance® in 1983 and over the years has been instrumental in the growth and development of the company. In 2001, he, along with a few other employees of BFI, bought the company in a leveraged management buyout. Over the next six years, he and the management team proceeded to grow the company four-fold and successfully sold BFI to First Community Bancorp (FCBP) in June of 2007. Drogos currently serves as president of BFI Business Finance, a wholly-owned subsidiary of Pacific Western Bank, the operating entity of FCBP. He received his B.A. in accounting from the University of Arizona. He has served on the Board of Directors for the Northern California Chapter of the Commercial Finance Association and has served as its vice president. Additionally, he is a past president of the St. Christopher Holy Name Society.

BFI Business Finance specializes in providing asset-based business loans from $250,000 to $5 million to companies with revenues of Si million to S6o million. BFI offers accounts receivables, inventory, and equipment financing to manufacturing, distribution, service, and high technology companies located in the Western United States. BFI offers flexible lending with an entrepreneurial approach to business.

Jeff Foil

president

Seven Oaks Capital Assoc., LLC

P.O. Box 82360

Baton Rouge, LA 70810

Tel: (225)757-1919

Fax: (225) 757-1916

www.sevenoakscapital.com

Jeff Foil was named president of Seven Oaks in April of 2008 after having served as vice president/credit manager for six years. Previously he had worked with Aames Home Loan as underwriting manager and as a vice president for AmSouth Bank. He is a member of the International Factoring Association, American Transportation Association and the American Legion. Foil is a graduate of Louisiana State University and a 13-time decorated veteran of the United States Marine Corps.

Tom Matthesen

CEO

Presidential Financial Corp.

1979 Lakeside Pkwy., Ste. 400

Tucker, GA 30084

Tel.: (770) 723-7402

Fax: (770) 414-6159

www.presidentialfinancial.com

Tom Matthesen is a 22-year veteran of the commercial finance industry. Prior to joining Presidential Financial, Matthesen was CEO of Wall Financial, an asset-based commercial finance company he founded in 2004. He was previously senior vice president with GE Capital and before that, senior vice president at Heller Financial. Matthesen also held management positions with SunTrust Bank in Atlanta, completing his 12-year tenure as a group vice president in 1997. He earned a master's degree in business administration from Georgia State University and graduated with distinction from the Stonier Graduate School of Finance and Banking at the University of Delaware. He also holds a bachelor's degree in business/finance from the University of Colorado.

Rocco P. Perate

president & CEO

Business Credit Partners, LP

2320 Haverford Rd.

Ardmore, PA19003-2913

Tel.: (610) 658-9700, Ext. 138

Fax: (610) 658-1971

www.bcpfunding.com

Information pending.

Sam M. Zietz

president

American Capital Advance

1081 Holland Dr.

Boca Raton, FL 33487

Tel.: (561) 961-1616

Fax: (866) 590-8236

www.americancapitaladvance.com

Information pending.