Citizens Commercial Banking announced that Lawrence Ridgway has joined the business as Senior Vice President in its Business Capital division. In his new role, Ridgway is responsible for originating and structuring asset-based loans for public, private and PE sponsor-owned companies with $100MM+ of annual revenue.
With more than 20 years of banking experience, Ridgway specializes in working with companies that operate in seasonal or cyclical industries, whose liquidity, earnings, and cash-flow are subject to high variability.
Prior to joining Citizens, he served as SVP at US Bank, where he closed eight transactions representing $470MM in commitments within his two-year tenure. Before that, he was with Morgan Stanley as Executive Director, Credit Risk Management; and as Vice President at GE Capital for nine years.
“Larry is well-respected in the business community and has great experience in the Chicago market,” said Steve Woods, Head of Corporate Banking for Citizens Commercial Banking. “We have a strong corporate banking team in Chicago and are excited to have him join us.”
A Chartered Financial Analyst, Ridgway is looking forward to working with Citizens. “The corporate banking team in Chicago has been very effective at bringing great ideas to clients and helping them achieve their strategic and financial goals,” he commented.
He earned a B.B.A. degree in Finance from Northeastern University in Boston, Massachusetts.
About Citizens Commercial Banking
Citizens Commercial Banking is a division of Citizens Financial Group, Inc., one of the nations’s oldest and largest financial institutions. The company is headquartered in Providence, Rhode Island and operates offices in 20 states. For more information, go to www.citizensbank.com/commercial.