Barry A. Kastner Joins Keltic Financial Services As Executive Vice President

June 15, 2011

Tarrytown, NY—Keltic Financial Services is pleased to announce the appointment of Barry A. Kastner to its Executive Team.  Mr. Kastner will hold the title of Executive Vice President-Corporate Development and be responsible for corporate growth through strategic planning and acquisitions.  He will split his time between the corporate headquarters in Tarrytown, NY and his regional office in Ft. Lauderdale, Florida.

Mr. Kastner joins the firm as a seasoned professional with more than 35 years of experience in commercial banking and asset based lending with roles in field examination, portfolio management, business development and senior management.  His most recent position was Executive Vice President of TD Bank, N.A. where he served as Head of TD Bank’s Asset Finance Group.  He previously served as Managing Director of Wachovia Capital Finance, which was the successor to Congress Financial Corp., where he served as Executive Vice President and Chief Operating Officer, prior to the merger with Wachovia.

Jack Reilly, President and CEO of Keltic Financial Services, had the following comments regarding the addition of Barry Kastner to the Keltic Team: “At Keltic we have spent the past twelve years building a solid foundation and presence within the ABL industry.  We have had tremendous success in our space and with the opportunity to add someone of Barry’s caliber and the experience, pedigree and vision that he brings with him, we are poised not only to take Keltic to the next level of growth but cement ourselves as a fixture in this highly competitive marketplace for years to come.”

Mr. Kastner is a director of the Commercial Finance Association, where he serves on the Education Committee, and a past president of the New York Chapter.  In 2003, Mr. Kastner received the Banking and Finance Distinguished Achievement Award from B’nai B’rith International.  He was recently honored with the coveted 2011 Humanitarian Award at the New York Financial Industries Dinner; supporting National Jewish Health.  Mr. Kastner is a frequent speaker and instructor on topics related to asset based finance.  He is a graduate of Hofstra University, and attended graduate courses at New York University.  He also holds three securities licenses.

Barry Kastner remarks on his new position: “I’m delighted to join Keltic Financial Services, and have the opportunity to add to the success of this fine organization.  In Keltic, I see a smart, growth oriented organization that fully aligns with my view of asset based lending.  Keltic has a strong customer driven spirit and a superior team of professionals and I look forward to working with them and the business community in which I’ve had the honor to work for many years.”