Bridgewater Bank names new VP of credit operations

Bank lauds expertise of new VP in driving growth and collaboration

Bridgewater Bank names new VP of credit operations

Bridgewater Bank has announced the appointment of Russ Mendonca (pictured) as vice president of credit operations, effective January 6.

According to a news release, Mendonca will oversee the bank’s credit operations, focusing on maintaining a balance between managing credit risk and identifying opportunities for growth within the lending portfolio. His role will also involve enhancing operational efficiencies to support the bank’s broker partners with flexible and innovative financial solutions.

Mendonca is described as having extensive experience in the financial services sector, with a background in alternative lending and in leading teams, as well as an ability to foster collaboration. The news release noted his track record of driving growth and empowering teams, positioning him as a strategic addition to the organization.

Dave Fromow, president of Bridgewater Bank, expressed confidence in Mendonca’s capabilities. “The addition of Russ to lead our credit operations team represents more than just filling a position; it demonstrates our commitment to our broker partner community to deliver responsive credit solutions aligned with the diverse financial needs of Canadians. Russ brings proficiencies in credit solutions, servicing, and a deep understanding of the alternative mortgage market, which I am certain will enhance our capabilities,” Fromow said.

Mendonca also shared his excitement about joining the organization. “I’m thrilled to join Bridgewater Bank and work alongside a team that is committed to innovation and creating value for our partners. Together, we’ll deliver the level of service and flexible solutions our brokers can depend on,” he said.

Bridgewater Bank, a Calgary-based Canadian Schedule I chartered bank, specializes in residential mortgages and deposit products. With a portfolio exceeding $2.5 billion and over 40,000 accounts across Canada, the bank operates through a network of brokers and its online platform. Established in 1997, it is a wholly owned subsidiary of the Alberta Motor Association.

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