Valley National Bank on Monday announced the appointment of Terry Keating as the new Head of Asset-Based Lending (ABL). In this role, Keating will be responsible for overseeing the continued growth and strategic direction of Valley’s ABL platform, which provides flexible financing solutions to middle-market companies across various industries.
Keating is a veteran commercial finance professional, bringing more than three decades of experience in specialty lending, commercial banking and organizational development.
He joins Valley Bank from Access Capital, where he most recently served as chief executive officer, leading the specialty asset-based lender through a period of transition and growth. Previously, Keating was president and CEO of Accord Financial’s U.S. Asset Finance unit, where he was instrumental in scaling the firm’s U.S. lending operations. He also spent 18 years with ABN AMRO and its U.S. subsidiary, LaSalle Bank, where he built a specialty lending division into a $500 million portfolio.
“Terry is a seasoned leader with deep expertise in asset-based lending, credit discipline, and client development,” Gino Martocci, senior executive vice president and president of commercial banking for Valley Bank said. “His extensive experience and collaborative leadership style make him an ideal fit to lead our ABL business as we continue to expand our commercial lending capabilities.”
Based in New York City, Keating will lead the ABL team in delivering tailored financing structures designed to support the working-capital growth, acquisitions, and recapitalizations of lower- and middle-market businesses.
Keating expressed enthusiasm about the new role, stating, “I’m honored to join Valley Bank at such a dynamic time. Valley has built a strong foundation as a relationship-driven commercial bank with a growing national footprint. I look forward to building on that momentum by helping clients access the capital and partnership they need to achieve their goals.”
Keating is an active member of the finance community, serving on the Secured Finance Network’s Industry Data Committee, DEI Committee, and Mentoring Program, and is also on the boards of the New York Chapter of SFNet and the New York Institute of Credit.
He succeeds John DePledge, who is retiring after a long and distinguished career in asset-based lending. DePledge joined Valley in 2019 and was crucial in establishing and growing the bank’s successful ABL platform.
