ViewPoint Bank in Plano, Texas, has formed an energy-finance division.
The $3.4 billion-asset lender has hired Chris Parada to lead the new group, which will provide senior debt financing to oil and gas companies throughout the country, ViewPoint said Thursday. ViewPoint entered the energy-lending business in 2012 and has $80 million in outstanding commitments in the sector, it said.
Parada joins ViewPoint from OneWest Bank in Dallas, where he was senior vice president of energy lending. Previously, he worked in the energy-banking sector for Societe Generale. He will report to Michael Ansolabehere, ViewPoint's managing director of corporate banking
"While energy lending is relatively new to ViewPoint Bank, it's not new to our commercial lending team," ViewPoint Bank President and Chief Executive Kevin Hanigan said in the news release. "We're very pleased to have Chris Parada on board. He brings a deep knowledge of the energy finance business, as well as long-standing relationships in the industry."