Advantage Capital Partners Adds Principal

Rick Hummell brings extensive banking and managerial background

 

ST. LOUIS, February 14, 2011 – Advantage Capital Partners, a leading venture capital and small business finance firm, is proud to announce the addition of a new firm principal, Richard “Rick” Hummell. Initially, Hummell will be managing the firm’s rapidly expanding guaranteed lending business, BizCapital, as well as supervising efforts to grow the firm’s overall platform.

Hummell comes to Advantage Capital Partners after building an impressive banking and lending career with a number of regional banks. He has held leadership positions as Executive Vice President at both Missouri State Bank and at Mark Twain Bank. Most recently, Hummell served as President and CEO of two banks, WestBridge Bank & Trust and Concord Bank, where he was hired to effect significant changes in corporate strategies.

“Rick Hummell’s considerable banking experience, as well as his managerial expertise, will provide depth to the firm’s growing practice areas,” said Advantage Capital senior managing director Scott Zajac. “Rick is a terrific addition to our team.”

Hummell has been very active as a member of several civic commissions, as well as serving as an elected Board Member of the Clayton School District. He holds an M.B.A. from Indiana University and a B.S. in Business Administration from Drake.

About Advantage Capital Partner
Advantage Capital Partners is a leading venture capital and small business finance firm focused on providing growth capital and other investments supporting state and local economic development efforts. The firm’s typical forms of investment include early stage, expansion equity, mezzanine financing, senior and subordinated loans and government-guaranteed lending. With offices and partners in St. Louis, New Orleans, and other U.S. cities, Advantage has raised more than $1.3 billion in institutional capital since 1992 and invested in companies located in geographic areas underserved by traditional capital.

About BizCapital

BizCapital is Advantage Capital’s non-depository financial institution offering competitive loans to small and medium-sized companies. BizCapital is recognized as a leading government-guaranteed lender, helping small-to-mid-sized businesses grow and prosper, while fostering stronger economic growth in local communities. BizCapital invests across many types of businesses and offers loans from $250,000 to $10 million in the form of SBA, USDA, mezzanine, and well-secured real estate loans.

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