COURT HOUSE – Cape Bancorp, Inc. (Nasdaq: CBNJ), the parent company of Cape Bank, a $1.1 billion asset bank headquartered in Cape May Court House, NJ, has announced the appointment of industry veteran Arthur M. Birenbaum, formerly of The Bancorp, to lead Cape Bank’s growing commercial lending practice.
Birenbaum has more than 35 years of experience creating, building and expanding profitable banking services, particularly to the small- and mid-sized marketplace. Prior to joining Cape Bank, he served as Executive Vice President of Commercial Lending for The Bancorp, where total assets grew organically from $75 million to approximately $4.6 billion during his tenure
“Arthur is a dynamic business leader, as well as a trusted advisor to many of the Philadelphia region’s top entrepreneurs and real estate developers,” said Michael D. Devlin, President and Chief Executive Officer of Cape Bancorp and Cape Bank. “As Cape Bank continues its westward expansion into the Philadelphia market, his leadership will be a major asset as we focus on the growing needs of the middle market sector.”
According to Devlin, Birenbaum not only brings a wealth of knowledge and experience, but also a personal portfolio of longstanding relationships within the business community.
“Arthur has a demonstrated record of success in developing such long-term relationships and we look forward to utilizing his knowledge and leadership to better serve our customers. We welcome him to the Cape Bank team,” said Devlin.
“I am very pleased to be joining an organization that is committed to bringing a range of highly personalized business services to entrepreneurs, as well as small and mid-sized businesses,” said Birenbaum. “Philadelphia is a community that has been built by the hard work and personal efforts of entrepreneurs and small business people. I look forward to working with my colleagues at Cape Bank to bring these energetic business leaders customer-focused financial services that will help them continue to grow and prosper.”
Before joining The Bancorp in 2001, Birenbaum served at the former Jefferson Bank as Senior Vice President, Philadelphia Business Banking Lending Group, from 1992 through 2000. Subsequently he served as Co-Chairman of the Bank’s Government Lending Taskforce, coordinator of the Bank’s Asset Based lending function, and a member of Jefferson’s Loan Production Oversight Committee. During his tenure at Jefferson, he was an integral member of a team that grew total assets from $400 million to $1.8 billion at the time of the bank’s sale to Hudson United Bank in 2000.
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