CoBiz Forms Structured Finance Group

DENVER, Jan. 31, 2012 /PRNewswire/ -- CoBiz Financial (Nasdaq: COBZ) has formed CoBiz Structured Finance providing asset-based loans to middle market businesses within the company's footprint. Chris Randall, previously a co-founder, board member and chief operating officer of MFC Capital Funding in Chicago, will lead the group.

"The lower middle market for leveraged loans is currently underserved by the banking industry in our markets," said Jonathan C. Lorenz, CEO of Colorado Business Bank and Arizona Business Bank. "Chris' knowledge and experience in leveraged lending will allow us to bring great depth to our loan products and continue to be responsive to the credit needs of businesses. The creation of CoBiz Structured Finance will allow us to serve growing businesses that are highly leveraged without incurring significant risk to the bank's credit quality."

Chris Randall has more than 20 years of experience in the financial services industry, most recently with MFC Capital Funding, a national middle market leveraged lending firm that was part of Marquette Financial Companies. He previously served as Vice President and Division Manager for the Structured Finance Group at Fifth Third Bank. Chris was a finalist for the Midwest Ernst and Young Entrepreneur of the Year Award in 2008. He is currently a Trustee and Development Committee member for the University of Colorado Foundation. He received his bachelor's degree in Economics from the University of Colorado, Boulder.

CoBiz Financial (NASDAQ:COBZ) is a $2.4 billion financial services company that serves the complete financial needs of businesses, business owners and professionals in Colorado and Arizona. The Company provides commercial banking services through Colorado Business Bank and Arizona Business Bank; wealth planning and investment management through CoBiz Wealth Management, and trust services through CoBiz Trust; property and casualty insurance brokerage and employee benefits through CoBiz Insurance; investment banking services through Green Manning & Bunch; and executive benefits consulting and wealth transfer services through Financial Designs Ltd.

SOURCE CoBiz Financial

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