CoBiz Financial has formed CoBiz Structured Finance providing asset-based loans to middle-market businesses within the company's footprint. Chris Randall, previously a co-founder, board member and chief operating officer of MFC Capital Funding in Chicago, will lead the group. The creation of CoBiz Structured Finance will allow them to serve growing businesses that are highly leveraged without incurring significant risk to the bank's credit quality, said Jonathan C. Lorenz, CEO of Colorado Business Bank and Arizona Business Bank. CoBiz Financial is a $2.4 billion financial services company that serves the complete financial needs of businesses, business owners and professionals in Colorado and Arizona.
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