National Bank Holdings (NBHC) in Greenwood Village, Colo., has created a specialty finance business to focus on middle-market companies.
Chris Randall will lead the division, called NBH Capital Finance, the $5.3 billion-asset company said Tuesday. The division will provide asset-based loans to middle-market companies in Colorado, Kansas, Missouri and Texas. Randall has founded two de novo specialty lenders, including CoBiz Structured Finance in Denver, the news release said.
"We believe the creation of NBH Capital Finance emphasizes our focus on building value-added relationships with business clients," Tim Laney, National Bank's president and chief executive, said in a press release. "The middle market remains underserved, and we are excited to add such an experienced team to our organization to fill this gap."
National Bank has 135 branches in California, Colorado, Kansas, Missouri and Texas.