Accord Financial promoted Terry M. Keating from executive vice president to president and CEO.

Since joining Accord in March of 2014, Keating has played a major role in transforming the business from a factoring company to a broad-based commercial finance lender.

“It has been exciting to be here at Accord and have the opportunity to contribute,” Keating said. “But without the daily hard work and professionalism of all my colleagues, this would not have been possible. The congratulations belong to the team as much as to me.”

Prior to joining Accord in 2014, Keating spent nearly 30 years in the finance industry in a variety of roles. As a senior executive at LaSalle Bank, he established a business unit charged with providing credit and other bank products to mid-sized finance and leasing companies. He grew this unit to $1 billion in credit commitments and $500 million of outstanding loans over a 12-year period.

He then spent 10 years providing consulting and investment banking services to mid-sized finance companies, including five years with Amherst Partners.

“I am very pleased to announce this,” said Tom Henderson, chairman of the board of Accord Financial. “Terry is a great leader and driving force behind our recent success and growth as a company.”