VIENNA, Va. — In a sign that the nation's largest credit union plans to expand its member business lending, Navy Federal has created a dedicated commercial participation loan position.
Based in Pensacola, Fla., Brian Bell has joined the CU's business services department in order to expand Navy's commercial participation loan program. According to a press release from the credit union, Bell will focus on developing relationships with all CUs about the possibility of partnering on small business loans. Navy's program has already provided relief to CUs edging close to the MBL cap.
According to Jim Salmon, VP of business services at Navy Federal, Bell was selected based on his "experience and background in commercial lending, [and] he is the perfect fit to take the program to the next level."
Bell comes to Navy Fed from Centennial Bank, having served as VP of commercial lending, responsible for development and management of commercial loans. He held similar positions at beach Community Bank, Hancock Bank and the Bank of Pensacola.
