Affinity Bank
FOR IMMEDIATE RELEASE
October 11, 2006
Richard A. Sutton Joins Affinity Bank’s Healthcare Finance Division
Ventura, CA –Affinity Bank president and CEO Michael R. McGuire announced today that Richard A. Sutton has joined the bank as Senior Vice President, Managing Director of the bank’s healthcare finance division. A 30-year lending veteran, Mr. Sutton will be charged with developing Affinity Bank’s asset based lending programs targeting the healthcare industry throughout California and the western United Sates.
"We are very pleased to have Rich join Affinity Bank,” said Mr. McGuire, “as we continue to diversify our loan portfolio and expand our product lines, Rich will play a key role in helping us meet the needs of the markets we serve. He brings a wealth of related, hands-on experience to the bank.”
Mr. Sutton, most recently a senior vice president at Guaranty Business Credit in Los Angeles, has developed lending programs for Textron Financial Corporation and Finova Capital Corporation over the past 15 years. Said Sutton, “I’m excited to have the opportunity to lead Affinity Bank’s Healthcare Finance Division; they have a very professional, experienced team in place. I look forward to working with them to create an important new source of assets for the bank.”
A graduate of Indiana University, Mr. Sutton is an active member of the Association for Corporate Growth and the Turnaround Management Association as well as a past member of the Healthcare Financial Management Association. Mr. Sutton resides in Huntington Beach, California with his wife and two daughters.
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