Former TBK Bank SVP Joins St. Pete Factoring Firm

SAINT PETERSBURG, Fla. (July 27, 2022) – Nicholas J. Pittas, most recently senior vice president and the industry leader for Defense Contracting and Government Services with TBK Bank, SSB, a subsidiary of Triumph Bancorp, Inc., has joined United Capital Funding, a St. Petersburg-based wholly owned subsidiary of Gulf Coast Bank & Trust Company, as the national sales manager. Pittas brings over 30 years of sales and marketing experience within the commercial finance and banking industry. In his new role at United Capital Funding, he will work with the senior management team to collaborate and oversee the execution of the firm’s strategic marketing initiatives, as well as manage its business development outreach through United Capital’s offices located in Nashville, Tenn., Chicago, Los Angeles, and Columbus, Ohio.

I am thrilled to have the chance to work with the entire United Capital Funding team; a cohesive and well-tenured team, with a long track record of success,” said Pittas. “I look forward to building upon this firm’s 25-year foundation of success as we align our common goal of partnering with everyday small businesses.”

Pittas brings almost a decade of experience at Wells Fargo Capital Finance and Wells Fargo Bank. He was recently active in the Professional Services Council (PSC) and the Charleston Defense Contractors Association (CDCA). Additionally, throughout his career, he has been active in the International Factoring Association (IFA), Secured Financed Network (SFNet), Association for Corporate Growth (ACG), and the Turnaround Management Association (TMA). Lastly, as part of Pittas’ new role, the firm announced an additional office in the Charleston, S.C. area with the goal of plugging into the growing market in that region.

“Nick is an excellent fit to lead and expand our business development efforts,” said Ivan Baker, CEO of United Capital Funding. “Under his direction, we can confidently enter new regional markets and increase our footprint in industries including government contracting.”

United Capital Funding is an invoice finance firm that specializes in invoice management and financing for small businesses across the nation who work with the government or other businesses. United Capital Funding is a wholly owned subsidiary of Gulf Coast Bank & Trust Company, an FDIC-insured bank based in New Orleans.