Business Banking Specialist

Legacy Corporate Lending names Masci chief risk officer. Anthony Masci will work closely with the CEO, Clark Griffith, and chief investment officer, Paul Martin, in expanding the credit function, strengthening underwriting and portfolio management, while also contributing to the firm's growth initiatives. Legacy Corporate Lending, a specialty asset-based lender, appointed Anthony Masci as chief risk officer. Based in New York, Masci joins Legacy's executive management team as the firm continues to grow its diversified ABL platform. He will work closely with the CEO, Clark Griffith, and chief investment officer, Paul Martin, in expanding the credit function, strengthening underwriting and portfolio management, while also contributing to the firm's growth initiatives. Masci brings more than 20 years of experience across asset-based lending, middle-market finance, specialty finance, trade finance and structured lending. Most recently, Masci served as the chief credit officer of working capital finance at First Citizens Bank (formerly CIT Group), where he led credit strategy, underwriting and portfolio management for an approximately $8 billion commercial lending platform. He oversaw a team of 75 professionals, with responsibility for complex middle-market and sponsor-backed transactions across a broad range of industries. Prior to becoming chief credit officer, Masci spent 14 years at CIT Group as director and co-head of underwriting and portfolio management for its commercial and industrial and asset-based lending platform. He began his career in the global fixed income group at Bank of New York Mellon. He holds an MBA with concentrations in finance, financial instruments and markets, and economics from New York University's Stern School of Business and a BSBA in finance from Boston University's School of Management. "Anthony's depth of credit leadership across asset-based and middle-market lending makes him an ideal addition to our Executive Management Team," Griffith said. "I look forward to working closely with Anthony as Legacy enters its next stage of growth and moves up-market into larger loan transactions." Masci added, "In just a few years, Legacy has established an impressive track record of delivering flexible financing solutions to service its borrowers and has built a scalable platform that is ready to grow. I look forward to working with Clark, Paul and the team to continue expanding the business to serve the middle-market asset-based lending market."

Stord secures $400 million credit facility led by Citi to scale its network, robotics, and AI investment, expands leadership team. Oversubscribed at nearly double the company's original target and joined by Morgan Stanley, JPMorgan, and others. The financing arrives alongside two executive appointments: Bill Zerella as Chief Financial Officer and Mark Wayland as Chief Revenue Officer. Stord, the physical intelligence layer for independent commerce, announced a $400 million credit facility led by Citi and joined by Morgan Stanley and JPMorgan, alongside First Citizens, Citizens, and KeyBank. The company saw significant demand, closing the facility oversubscribed at nearly double the amount Stord originally went to market seeking. The facility, combined with Stord's $250M Series F at a $3B valuation earlier in 2026, gives Stord substantial liquidity and financial flexibility as the company continues to grow, launch, and expand rapidly. This capital will fund Stord's rapid expansion of its fulfillment network, accelerate the automation and robotics work underway at Stord Labs, and deepen the commerce software and AI that brands rely on to grow revenue, reduce costs, and delight their consumers. A key investment behind Stord's Series F and credit facility is Stord Labs, the company's physical intelligence lab at its Atlanta headquarters, which tests, develops, and deploys agentic robotics and AI across the Stord network on a single unified stack. That same team embeds forward deployed engineers directly inside Stord's own operations and its customers' businesses, and the results are already showing up in speed and accuracy across the network. With this new capital, Stord will further accelerate its investment in AI and automation across the network. Oct 9, 2026 Prev Next 1 of 43,826 The financing is announced alongside two executive appointments. Bill Zerella joins as Chief Financial Officer. Zerella has led finance at three public companies, all of which he brought to the public equity markets, including Fitbit's IPO in 2015, where the company grew from roughly $300 million to more than $2 billion in revenue and reached a market capitalization of approximately $12 billion. He most recently served as Chief Financial Officer at ACV Auctions (NYSE: ACVA), a $1 billion-plus business combining software, fintech, marketplace sales, and vehicle logistics. He understands brands the way Stord's customers do, and he has spent his career building finance inside complex, physical AI businesses like Stord's own. Mark Wayland joins as Chief Revenue Officer. Wayland brings more than three decades of enterprise sales and revenue leadership, most recently as Chief Revenue Officer at Box (NYSE: BOX). Before Box, he was Chief Revenue Officer at Tanium and spent more than a decade at Salesforce, rising to Senior Vice President of the Marketing Cloud. He has built global and enterprise sales organizations at public software companies throughout his career. Stord is approaching $1 billion in revenue run-rate, has grown 10x over the past four years, and has secured $650 million in equity and credit capacity just in 2026 alone. "Stord is transforming commerce. Our industry-leading scale, fulfillment infrastructure, commerce technology, and applied AI and robotics have rapidly separated Stord as the leader. This facility, combined with our $250 million Series F, gives us the balance sheet to match the scale, potential, and impact of what we're building. We will use this capital to expand our fulfillment network, accelerate our deployment of robotics, and invest aggressively in AI through Stord Labs. The banks in this facility, and the leaders joining us in Bill and Mark, are both a vote of confidence in the foundation we've created at Stord, as well as a signal of where we are headed," said Sean Henry, CEO and Co-Founder of Stord. [To share your insights with AiThority, please write to [email protected]]