Simmons Bank announced Wednesday (Dec. 22) the creation of a new Corporate Banking Division.
The Pine Bluff-based bank said the new unit will provide Simmons the ability to consolidate specialized lines of business loans aligning commercial and equipment finance, government and institutional banking, mortgage warehouse lending, commercial deposits, asset-based lending and structured real estate finance into a dedicated division.
Paul Lowe will lead as executive vice president of Corporate Banking and will report to Chief Banking Officer, Matt Reddin.
“As we continue to pursue growth, the creation of the new Corporate Banking unit will provide Simmons Bank the focus and flexibility we need to accelerate growth in our specialty lending areas,” said Reddin. “It’s an honor to have Paul Lowe lead our new division. His successful track record for growing market share provides Simmons Bank with strategic reach and a strong vision of high performance and growth in the years ahead.”
With 20 years of experience in corporate and real estate banking at various institutions, Lowe most recently led as Simmons Bank’s Metro Division president for the Little Rock, Memphis and Nashville markets in 2020 and as Central Arkansas Division as market president in 2019. Prior to joining the Simmons Bank team in 2019, Lowe served as executive vice president and president of Corporate Banking for a regional bank, driving corporate strategy and middle market sales.
The Corporate Banking unit will serve as a stand-alone unit within Simmons Bank.