Simmons Bank has created a new Corporate Banking division that will help to consolidate specialized lines of business loans aligning commercial and equipment finance, government and institutional banking, mortgage warehouse lending, commercial deposits, asset-based lending and structured real estate finance into one dedicated division. Simmons has appointed Paul Lowe as Executive Vice President of the new Corporate Banking division. In this role, Lowe will report to Chief Banking Officer, Matt Reddin.
“As we continue to pursue growth, the creation of the new Corporate Banking unit will provide Simmons Bank the focus and flexibility we need to accelerate growth in our specialty lending areas,” said Matt Reddin. “It’s an honor to have Paul Lowe lead our new division. His successful track record for growing market share provides Simmons Bank with strategic reach and a strong vision of high performance and growth in the years ahead.”
Lowe will oversee all strategy for commercial finance, government and institutional banking, mortgage warehouse lending, commercial deposits, structured real estate finance and asset-based lending. He brings to the new role 20 years of experience in corporate and real estate banking, most recently leading as Simmons Bank’s Metro Division president for the Little Rock, Memphis and Nashville markets in 2020 and Central Arkansas Division as market president in 2019. Lowe has been a part of the Simmons Bank team since 2019.
The company announced in May 2020, the creation of Community and Metro Bank Divisions. The new Corporate Banking unit will serve as a stand-alone unit within Simmons Bank.