CFG Community Bank, a locally owned and operated community bank, recently appointed Richard Yoskey as the new vice president of leveraged lending. In his new role, Yoskey will lead the bank’s leveraged lending team and assist private equity groups with merger and acquisition financing and other loan solutions.
With over 16 years of finance and banking experience, Yoskey has achieved triple-digit goals for his clients and companies through successful risk mitigation, relationship building, and process management.
Prior to working at CFG Community Bank, Yoskey served as vice president and commercial banker at LH-Finance, a division of United Bank. Within this role, Yoskey produced $51 million in loans in the first half of 2018 and an additional $65 million in loans in nine months in 2017. While managing a $146 million loan portfolio and an international territory, he also cross-sold cash management products to new and existing clients.
“Richard has a successful track record of producing the best solutions to help clients meet their loan goals and capabilities,” said King Corbett, chief lending officer at CFG Community Bank. “Combined with his sales experience and knack for problem solving, we are excited to have him in this new role and believe he will be a very important asset to our team.”
Before LH-Finance, Yoskey was vice president and commercial relationship manager at Bay Bank, where he managed a deposit portfolio of $17 million and reached 161% of his loan production goal. As part of his portfolio management responsibilities, he collected financials for annual reviews and renewals, monitored credit quality, and helped resolve delinquencies. As a business banking team leader, he worked with the credit team to develop three new loan products and implemented a training program for new and aspiring business leaders. Yoskey has also been a business sales officer, vice president for Wells Fargo, and a business banking relationship manager, assistant vice president, and financial specialist at Wachovia Bank.
A strategic decision-maker that has built a strong reputation in negotiation and conflict management, Yoskey has earned numerous awards for financial excellence. He was named 2015 Banker of the Year by SmartCEO for its Money Manager Awards as well as a 2012 Top Business Banker in the Mid-Atlantic Region. In addition, he was honored with the Wells Fargo 2011 Volunteer of the Year Award for the Mid-Atlantic. Yoskey is also a founding board member of the Baltimore-based Evolve Community Foundation, Inc. and was previously a mentor, speaker, and advisory board member for Big Brothers and Big Sisters of the Greater Chesapeake.
Yoskey earned a Bachelor of Science from Perdue School of Business at Salisbury University and an Executive MBA from the Jack Welch Management Institute at Strayer University.
About CFG Community Bank
CFG Community Bank provides commercial, personal, and online banking solutions to the Mid-Atlantic business community and national healthcare market. Locally owned and operated, the bank dates back to 1927 when La Corona Building and Loan Association, Inc., was formed to meet the financial needs of Highlandtown and East Baltimore residents. Though the name has changed since 1927, CFG Community Bank prides itself on delivering big-bank capabilities and expertise with relationship-driven community bank service. The bank is headquartered in Baltimore, Maryland, with branches in Lutherville/Towson, Annapolis and Baltimore City.
