Liberty Bank’s Growing Timeshare Portfolio Prompts Them to Appoint New Resort Finance Officer
MIDDLETOWN, CT (May 4, 2010) – Liberty Bank recently announced the appointment of Denise Brewer, VP, to their resort finance division. Brewer moved from the bank’s commercial real estate lending department, joining Sr. VP Melanie Joy and Vice Presidents Donald Peruta and David Brede to manage relationships in the growing division.
In addition to helping manage relationships with current borrowers, Brewer (pictured) looks to help expand Liberty Bank’s list of new clients. “Because a number of lenders have exited the market, we have been called upon to fill the gap,” says Brewer.
“Denise’s lending expertise and energy are obvious as soon as you meet her. She hit the ground running and has already closed a $10 million revolving receivables loan facility to a new customer,” comments Ron Goldberg, president of Wellington Financial, the exclusive Resort Finance lending correspondent for Liberty Bank.
“While I’ve been in banking for almost thirty years,” continues Brewer, “I still find every day to be exciting with new challenges and new opportunities. We are particularly proud of the great customer service we continue to provide, even as we continue to expand. I’m glad to become part of this group, which is so full of energy and enthusiasm.”
About Liberty Bank
Established in 1825, Liberty Bank (www.liberty-bank.com), based in Middletown, Connecticut, is that state’s oldest mutual bank, with more than $3.2 billion in assets. Liberty Bank has been actively lending to the timeshare industry throughout the U.S. for over 30 years. The bank’s commitment to superior service has resulted in lending relationships with some of the industry’s largest and most successful developers. Member FDIC. Equal Housing Lender.
About Wellington Financial
Wellington Financial (www.wellington-financial.com) is the exclusive Resort Finance lending correspondent for Liberty Bank and specializes in lending to developers of timeshare resorts, fractional resorts and retail land. Founded in 1981, the finance and service company offers a full range of products, including receivables hypothecation, purchase and conduit facilities; pre-sale and working capital lines of credit; acquisition, construction and renovation financing, as well as mezzanine and equity debt financing. President Ron Goldberg serves on the Board of Directors for the American Resort Development Association (ARDA).
Sharon Drechsler, RRP
for Wellington Financial
Source: Liberty Bank