NewBridge Bank recently announced its middle-marketing banking group launch and the hiring of its new six-person team.
The team will focus on companies generating annual revenue from $25 million to $250 million throughout the Carolinas from NewBridge Bank’s current office in Charlotte, N.C., and a new office in Greenville.
The new middle-market team will be led by Michael “Mike” J. McMahan, executive vice president and director of middle-market banking group and treasury services out of Charlotte. Robert “Bob” C. Beggs, Walter V. Bridgeman, Joseph “Joe” P. Watkins Jr. and Mark A. Schuch will be joining McMahan in Charlotte.
Beggs will serve as senior vice president and senior relationship manager, Bridgeman joins as senior vice president and head of treasury services, Watkins joins as director of product management for treasury services, and Schuch will serve as product manager for treasury services.
In addition to the Charlotte team, Thomas “Tommy” E. DeMint III will be based out of Greenville and serve as senior vice president and head of the middle-market banking group in South Carolina, and as head of syndicated finance. DeMint’s background includes tenures with Bank of America and Wachovia Bank as a senior member of the middle-market capital team responsible for originating, syndicating, purchasing and managing a billion-dollar portfolio of middle-market corporate loans across a national footprint.
