Celtic Bank Hires Melinda Ficek as Business Development Officer - Asset Based Lending

Online, November 10, 2009 (Newswire.com) - Celtic Bank recently announced that it has hired Melinda Ficek as business development officer - asset based lending for Southern California. Asset based lending (ABL) is a type of working capital financing that uses accounts receivables and inventory as collateral. Celtic Bank is active in Southern California, and finds the California market a good fit for its growing ABL portfolio. There is a lot of opportunity to serve small business working capital needs. "Melinda has been providing working capital loans for years, and she has the background and network to help Celtic Bank continue its expansion in the Southern California market," said Reese Howell, Jr. Chief Executive Officer of Celtic Bank.

Starting out in the medical industry with more than 10 years experience, Ficek made her way into working capital loans in the last 5 years. Ficek has a deep understanding of the needs of her clients and works hard to help them fulfill their goals. Ficek is also a Member of Commercial Finance Association, Orange County Financial Society, Association of Corporate Growth and Turnaround Management Association. "Melinda shows true enthusiasm when it comes to her work, and I know she'll continue it with Celtic Bank," states Reese S. Howell, Jr.

# # #

Melinda Ficek
Celtic Bank
Corona del Mar, CA 92625
714-520-1788
[email protected]
www.celticbank.com