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Stonebriar Names Parks SVP, Head of Direct Originations

May 17, 2016, 07:17 AM

Stonebriar Commercial Finance ("SCF") announced that Kyle C. Parks has joined the company as Senior Vice President and Senior Managing Director - Head of Direct Originations, managing SCF's team of direct originators. Parks will lead SCF's current group of direct originators and will continue the buildout of his team with future growth hires planned for the Pacific Northwest, West, and Southeast regions, as well as Canada and Australia. In addition to his management responsibilities, Parks will oversee Stonebriar's growth in the energy and marine sectors.

Parks joins Stonebriar following 10 years with Wells Fargo Equipment Finance where he most recently held the position of Senior Vice President / Energy & Marine with the responsibility of managing the company's growth strategies in the energy and marine industries. In that role he hired and led a team of five direct, industry-focused originators advancing the group's brand and market reputation in those sectors. Prior responsibilities include positions in sales management as well as direct origination.

Parks' total financial services experience spans over 14 years and includes positions with both GE Capital and Orix Commercial Finance. He holds a BA from The University of Texas and an MBA from Texas Christian University.

"We are looking forward to having Kyle join the SCF senior management team. His leadership skills and market expertise in the marine and energy sectors will be pivotal as we grow our direct origination efforts," stated Dave B. Fate, President and CEO of Stonebriar. "Kyle's market knowledge and extensive transaction and relationship experience with prospective customers will help us build our brand throughout the U.S. as well as our plans for growth internationally."

"I am very motivated to join Dave and his team. I look forward to working with the extremely talented group of current originators and completing the buildout of the direct team," said Parks. "SCF's growth potential is unlimited, and I am thrilled with the opportunity to join the company in the early stages of its development."

Stonebriar is a privately held commercial finance company established in 2015 and based in Plano, TX. With financial backing from Security Benefit Corporation, Stonebriar is building a world class, multi-billion dollar platform of commercial loans and leases. Stonebriar specializes in transactions for businesses in a wide variety of industries (Business Aviation, Rail Leasing, Realty Capital, marine, transportation, manufacturing, energy, etc.) throughout the entire credit spectrum located in the United States, Canada and select other foreign jurisdictions.

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