Capital One Bank has hired Terry O’Grady as managing director and head of the Midwest Region for Capital One Business Credit. O’Grady will focus on business development and building a team to work on asset-based lending in the Midwest. He will be based in Chicago and report to Dan deBrauwere, head of Capital One’s Business Credit unit. O’Grady was most recently commercial executive and head of the Midwest Region for HSBC’s Commercial Lending Group. Before that, he worked as managing director at CIT and was a founding member of BMO Harris Bank’s asset bank group.
Capital One Bank today announced the appointment of Terry O’Grady as Managing Director and Head of the Midwest Region for Capital One Business Credit, part of the Commercial & Specialty Finance Group. In this newly-created role, O’Grady will be responsible for business development and also building a team focused on asset-based lending in the Midwest region. He is based in Chicago and will report to Dan deBrauwere, Head of Capital One’s Business Credit unit.
“Terry brings a wealth of experience to Capital One Bank,” said deBrauwere. “He is a strategic addition to the team, and his deep knowledge of the Midwest market further strengthens the national scope of Capital One’s Commercial and Specialty Finance business.”
O’Grady brings more than 25 years of banking experience to Capital One, most recently as the Commercial Executive and Head of the Midwest Region for HSBC’s Commercial Lending Group. He previously served as a Managing Director at CIT, and was a founding member of BMO Harris Bank’s Asset Bank Group. O’Grady also has held positions at GE Capital Global Sponsor Finance and American National Bank / First Chicago Corp.
“I am excited to join this high-performing team, as Capital One Bank continues to grow its asset-based lending business,” said O’Grady. “I look forward to building strong relationships with customers and providing the personal service and financial solutions they need.”
O’Grady holds a Bachelor of Finance from Illinois State University, and a MBA from the Keller Graduate School of Management.
Capital One Bank’s Commercial and Specialty Finance Business serves clients through a team of more than 200 associates who have expertise in technology, healthcare, security and defense, asset based lending, rediscount finance, municipal finance and equipment leasing and finance. Capital One Bank’s Commercial Business leverages a relationship-based banking model that seamlessly delivers an array of products and services including loans and deposit accounts, treasury management services, merchant services, investment banking, international services and correspondent banking.
About Capital One
Capital One Financial Corporation (www.capitalone.com) is a financial holding company whose subsidiaries, which include Capital One, N.A., and Capital One Bank (USA), N. A., had $205.9 billion in deposits and $298.3 billion in total assets as of June 30, 2014. Headquartered in McLean, Virginia, Capital One offers a broad spectrum of financial products and services to consumers, small businesses and commercial clients through a variety of channels. Capital One, N.A. has approximately 900 branch locations primarily in New York, New Jersey, Texas, Louisiana, Maryland, Virginia and the District of Columbia. A Fortune 500 company, Capital One trades on the New York Stock Exchange under the symbol “COF” and is included in the S&P 100 index.