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Cogent Bank’s Specialty Lending Group doubles growth in one year

ORLANDO, Fla. (Feb. 15, 2021) — Cogent Bank announced today that its Specialty Lending Group doubled its loan commitments from $100 MM to $200 MM in 2021. 

Cogent Bank’s Specialty Lending Group focuses on asset-based lending, lender finance and recurring revenue lending, with transaction size ranging from $1MM to $15MM.  Mike Skat, Executive Vice President of the Group, credits his highly skilled and dedicated team for producing such outstanding results.  During another challenging year, Cogent’s Specialty Lending Group was able to assist many new clients, as well as existing clients, with additional lending opportunities.    

Skat credits several individuals for their outstanding efforts in 2021.  Abbey Henderson, SVP, Managing Director; Cristina Brabson, VP, Specialty Lending Operation Officer; and Gabby Torres, Specialty Finance Administrator each played critical roles in the group’s success.  In addition, Skat made two key hires in late 2021 with Patty Ingram, SVP, Director and Monica Tucker, VP.   

During another strong year of growth in 2021, Cogent expanded to eight locations in Florida and hired more than 60 associates. The Bank also established an industry-leading partnership to offer business clients real-time, blockchain-based payments through TassatPay,™ and through their holding company invested in Lucy Labs, a multi-strategy cryptocurrency asset management firm. Cogent, which recently relocated its headquarters from Orange City to downtown Orlando, achieved a 118% increase in revenue from 2020 to 2021.

Cogent’s Specialty Lending Group can be reached at SpecialtyLending@cogentbank.net.