OXFORD COMMERCIAL FINANCE TRANSITIONS TOP LEADERSHIP TO SUPPORT CONTINUED BUSINESS GROWTH AND EXPANSION

Recent OCF President Michael (“Mick”) Goik transitions to OCF Government Chair, though former Senior Vice President, National Product sales Manager Steve Tomasello is appointed President.

OXFORD, Mich., Feb. 21, 2024 /PRNewswire/ — Oxford Commercial Finance (OCF), a subsidiary of Oxford Financial institution (“the Corporation”), is pleased to announce strategic management improvements aimed at supplying enhanced strategic path and oversight as the corporation proceeds to extend and evolve. Latest OCF President Mick Goik will transition to the position of Government Chairman of the OCF Board of Administrators to aim on strategic initiatives, whilst Steve Tomasello, SVP, National Product sales Manager, will assume the place of President to generate operational excellence and advancement.

Introduced in 2022, OCF specializes in furnishing business enterprise funding solutions to satisfy the doing the job funds requirements of little and mid-sized corporations nationwide. These management adjustments are developed to far better replicate and support OCF’s evolving organization requirements and development trajectory.

“Each Mick and Steve have played pivotal roles in OCF’s outstanding growth and efficiency,” states Oxford Lender Chairman, CEO and President David Lamb. “Mick’s strategic management as President and Steve’s instrumental job as SVP of Sales have substantially contributed to the firm’s good results. In their new roles, they will leverage their skills to further more elevate OCF as an sector leader, innovator, and dependable economical associate.”

Throughout its inaugural calendar year, OCF done 60 transactions, funding $51.7 million in new small business. The company expanded its solution choices, entered new regional and vertical marketplaces, and assembled a team of experienced enterprise funding pros with over a century of combined working experience.

In his new part as Govt Chair of the OCF Board of Directors, Goik will spearhead strategic initiatives this kind of as know-how-pushed progress, joint ventures and operational efficiency enhancements. As a Member of the Oxford Bank Board of Administrators, he will go on to report and suggest on OCF’s plans and general performance, as very well as take care of interactions with crucial exterior stakeholders.

“I am incredibly proud of what OCF has obtained about the earlier year and am eager to explore new regions of growth,” Goik says. “In my new potential as Executive Chair of the OCF Board, I am going to target on strengthening our strategic abilities and associations to supply increased price to our consumers, stakeholders, and the organization.”

As OCF President, Tomasello will guide day-to-day operations, put into practice strategic directives, take care of and develop the workforce, and make certain organizational alignment with OCF’s development targets.

“I am grateful for the determination of the OCF staff and fired up to lead our business in its subsequent growth section,” Tomasello claims. “Collectively with Mick and the OCF team, we will continue on to develop our offerings, expand our marketplaces, and generate accomplishment.”

Oxford Professional Finance Corp (“OCF”) is a subsidiary of Oxford Bank, a Michigan headquartered FDIC insured lender. OCF is a whole-assistance professional finance organization furnishing financing alternatives to tiny and mid-sized businesses that might not qualify for traditional lender financing. The Organization serves customers throughout the United States. For far more info about OCF and its full line of monetary services, please visit www.oxfordcommercialfinance.com.

Apart from for the historic data contained herein, the matters discussed in the Launch may well be deemed forward-hunting statements that involve hazard and uncertainties. Phrases or phrases “will very likely outcome,” “are envisioned to,” “will continue,” “is predicted,” “estimate,” “project,” or related expressions are supposed to discover “forward-seeking statements” inside the indicating of the Private Securities Litigation Reform Act of 1995. Factors which could lead to actual benefits to vary, include things like, but are not confined to, fluctuations in interest costs, changes in financial ailments of the Bank’s sector location, changes in guidelines by regulatory businesses, the acceptance of new products and solutions, the impression of competitive products and solutions and pricing and the other hazards thorough from time to time in the Bank’s and Corporation’s studies. These ahead-seeking statements symbolize the Bank’s judgment as of the date of this report. The Financial institution disclaims, on the other hand, any intent or obligation to update these ahead-seeking statements.

Contacts:

Hilary McCarthyClearpoint Agency for Oxford Commercial Finance
[email protected]
774.364.1440

Oxford Lender is an Equal Option Loan provider

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Source Oxford Financial institution Company