Business
ESQUIRE FINANCIAL HOLDINGS, INC. EXPANDS NATIONAL FOOTPRINT WITH THE HIRING OF SIX REGIONAL BUSINESS DEVELOPMENT OFFICERS
JERICHO, N.Y., July 18, 2023 /PRNewswire/ -- Esquire Financial Holdings, Inc. (NASDAQ: ESQ) the holding company for Esquire Bank, National Association
About this update from Esquire Financial Holdings, Inc.
[{"type":"text","content":"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:\nKevin Donahue – Southern RegionRaul Guisado – West Coast RegionJennifer Janof – Mid-Atlantic RegionGina Mallicoat – Southwest RegionEric Thompson – North RegionJoshua 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.\"\nThe 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. \n\"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. \nEsquire has also hired resources within its commercial underwriting/lending, sales support, and operationa...