Dan Karas Appointed Executive Vice President at Allied Affiliated Funding

ORLANDO, Fla., Oct. 21, 2020 /PRNewswire-PRWeb/ -- Axiom Bank, N.A., a Maitland-based, leading community bank, recently appointed Dan Karas as EVP of Allied Affiliated Funding, the Bank's factoring and asset-based lending division. In this role, Karas will be responsible for guiding the division and driving its initiatives toward continuing growth.

Karas' commercial lending expertise spans nearly four decades with national and regional banks. In his most recent role at a Dallas-based community bank, Karas helped create its commercial finance businesses and expand its commercial lending platforms and grew profitability.

"Dan is a leader who will bring innovation and strategic growth to our factoring and asset-based lending," said Daniel Davis, president and CEO of Axiom Bank. "We are very fortunate to have a leader whose wide-ranging expertise will allow us to better serve our clients."

Karas earned a bachelor's degree from Temple University and an MBA from New York University's Stern School of Business.

Axiom Bank launched its factoring and asset-based lending division in July 2018, when the bank acquired Allied Affiliated Funding. The move added a new line of service for commercial clients that could not meet the requirements of traditional commercial bank financing. Allied finances clients ranging from startups to high growth to those experiencing financial challenges.

About Axiom Bank
Axiom Bank, a nationally chartered bank headquartered in Central Florida, serves the financial needs of its customers through a wide range of banking solutions and a commitment to exceptional service. The bank has a rich history dating back to 1963. By definition, "axiom" means "a universally recognized truth" – the name exemplifies the bank's principles of truth, trust, value, convenience, and service excellence. Axiom Bank holds the SBA Preferred Lender status, and specializes in commercial loans, treasury management and other merchant services. The bank also offers asset-based lending and invoice factoring through its division, Allied Affiliated Funding. Axiom is constantly working to expand its services and products and provides consumer banking through its network of branches in central Florida, primarily in select Walmart Supercenters®, to conveniently serve local communities. Visit http://www.AxiomBanking.com. Member FDIC. Equal Housing Lender.

SOURCE Axiom Bank