Maitland, Florida-based Axiom Bank NA has expanded its team with the hiring of John Wattinger as senior account executive in the bank’s factoring and asset-based lending division in Dallas. Axiom Bank launched its factoring and asset-based lending division in 2018 when the bank acquired Allied Affiliated Funding. The bank expanded into the Northeast region of the U.S. in February of this year. The move added a new line of service for commercial clients that could not meet the requirements of traditional bank financing. Allied finances clients ranging from start-ups with high growth to those experiencing financial challenges.

Wattinger brings more than 35 years of experience in commercial, middle-market, asset-based lending and factoring. In this new role with Axiom’s Allied Affiliated Funding division, he will oversee a portfolio of client accounts while also managing the development and underwriting of new credit requests. Wattinger earned a BBA degree with an emphasis on accounting from Texas A&M University. In 2014, he joined the board of an Austin-based nonprofit organization that provides financial support to families of first responders killed or critically injured in the line of duty.

“Our division is growing rapidly,” says Dan Karas, executive vice president of Allied Affiliated Funding. “John will be instrumental in further expanding our reach through his innovative strategies for developing and expanding client relationships.”

Established in 1963, Axiom Bank operates 12 branches, primarily in Walmart Supercenters.