JERICHO,
N.Y., July 18, 2023 /PRNewswire/ -- Esquire
Financial Holdings, Inc. (NASDAQ: ESQ) the holding company for
Esquire Bank, National Association (collectively "Esquire"),
announced today that it has enhanced its litigation vertical in key
regions nationwide through the hiring of six Managing Directors and
senior business development officers ("BDOs") with the direct
assistance of Korn Ferry, a premier
global executive search firm. These BDOs have decades of
experience servicing the litigation market and deep industry
connections to support Esquire's continued expansion. The following
senior BDOs will directly support each of Esquire's newly defined
regions:
- Kevin Donahue – Southern
Region
- Raul Guisado – West Coast
Region
- Jennifer Janof – Mid-Atlantic
Region
- Gina Mallicoat – Southwest
Region
- Eric Thompson – North
Region
- Joshua Vause – Southeast
Region
"Coupling these talented and seasoned senior BDOs with our
proprietary CRM platform and digital marketing capabilities will
enhance our current national footprint and future growth
prospects," stated Andrew C.
Sagliocca, Vice Chairman, Chief Executive Officer, and
President of Esquire. "Each senior BDO has decades of experience
and a proven track record of servicing law firms in their
region. Gaining access to the best talent was critical for
the next phase of our growth."
The decision to continue expanding our national footprint was
supported by our advanced technology, data, and analytics on a
Total Addressable Market ("TAM") of $443
billion in litigation settlements annually across 50,000
plaintiff law firms. This TAM represents a significant market
opportunity for Esquire's continued growth and expansion of its
core customer relationships.
"Esquire has proven that its unique customer-centric branchless
business model has been resilient throughout challenging
macroeconomic and current banking conditions. The runway for
increasing market share given our TAM is significant, and this
coupled with our competitive advantages in data, analytics and
digital marketing, has given us the confidence to invest in
resources regionally to support growth and excellence in client
service," stated Ari P. Kornhaber,
Executive Vice President and Head of Corporate
Development.
Esquire has also hired resources within its commercial
underwriting/lending, sales support, and operational areas to
support these regional BDOs and its future growth.
About Esquire Financial Holdings, Inc.
Esquire Financial Holdings, Inc. is a financial holding company
headquartered in Jericho, New
York, with one branch office in Jericho, New York and an administrative office
in Boca Raton, Florida. Its wholly
owned subsidiary, Esquire Bank, National Association, is a
full-service commercial bank dedicated to serving the financial
needs of the legal industry and small businesses nationally, as
well as commercial and retail customers in the New York metropolitan area. The bank offers
tailored products and solutions to the legal community and their
clients as well as dynamic and flexible payment processing
solutions to small business owners. For more information, visit
www.esquirebank.com.
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SOURCE Esquire Financial Holdings, Inc.