John Marshall Bank Hires John Ashkar as SVP, Director of Business Banking to Lead Business Banking Team
Reston, VA — John Marshall Bank (“JMB” or the “Bank”), subsidiary of John Marshall Bancorp, Inc. (the “Company”) (Nasdaq: JMSB), is proud to announce the hiring of John Ashkar as Senior Vice President, Director of Business Banking. In his role, Mr. Ashkar will lead the Bank’s business banking team and platform while expanding the Bank’s small business lending programs which will feature an increased focus on the Bank’s partnership with the US Small Business Administration. As part of this initiative, he will play a key role in adding SBA Express loans to the Bank’s extensive lineup of dedicated small business products.
John Marshall Bank’s business banking platform features a robust lineup of financing options, which includes multiple SBA 7(a) options, financial management products, fraud prevention tools, and more that businesses of all sizes can use to succeed. In addition, the Bank expects to launch an SBA Express product, which outlines the Bank’s pursuit of expanding its product offerings to small businesses. For local businesses looking for a trustworthy and efficient financial partner, John Marshall Bank is designated as a Preferred Lender by the SBA. This status allows the Bank and its team to make certain loan approval decisions without the SBA’s direct approval, getting small businesses the funds they need and deserve at an expedited pace.
“Bringing John onto the JMB team reflects the Bank’s commitment to the success of our small business clients,” stated Jason R. McDonough, EVP, Chief Lending Officer. “We’re excited for the opportunities that he brings to the Bank and his immediate impact in expanding our SBA 7(a) program and launching SBA Express for new and current small business clients.”
A tenured banker, Mr. Ashkar brings over 31 years of experience to the Bank, most recently serving at TD Bank as the Small Business Market Manager for the DC Metro region. Mr. Ashkar graduated from Hofstra university with a Bachelor of Business Administration in Management and has helped small businesses succeed throughout his entire career.