Columbia, Md. (May 8, 2017) — Bay Bank announced today that Kyle Becraft has joined the company as Senior Vice President and Director of Mortgage Banking.
Becraft, a well-known veteran of the mortgage banking industry, will lead the effort to expand Bay Bank’s presence in the Baltimore-Washington residential construction and mortgage banking markets. He will manage Bay Bank’s current team of mortgage lenders and will launch a new effort focused on the bank’s residential construction and permanent mortgage loan product.
With over 30 years in the banking industry, Becraft brings with him deep relationships with regional builders, particularly those constructing homes in Bay Bank’s target markets. Becraft’s specialty is helping consumers with construction/permanent financing to build their homes, and he also assists builders with builder line financing.
“We are thrilled to have Kyle join our company in a new leadership role and accelerate the growth and profitability of our residential mortgage business,” said Joe Thomas, Bay Bank President and CEO. “His relationship-oriented philosophy and track record working with residential builders is a perfect extension of Bay Bank’s strategy to serve local entrepreneurs. We will now have a more complete specialty financing product array to serve land acquisition, development, construction, and permanent mortgage solutions for our commercial and consumer clients.”
Becraft is highly respected in the mortgage banking industry and has collected many accolades throughout his career. He has been named as a Top 100 mortgage lender in the country and was honored at his previous company, Sandy Spring Bank, for his commitment to outstanding customer service and for consistently being one of the bank’s top producers.
“I’m excited to have this opportunity with Bay Bank,” said Becraft. “Bay Bank’s entrepreneurial culture and integrated organizational structure really fit well with providing the financing and quality service that self-employed builders and homeowners are looking for.”
Becraft will be located in the bank’s corporate headquarters in Columbia, Maryland.
About Bay Bank
Bay Bank, FSB is headquartered in Columbia, Maryland, and serves the community with a network of 11 branches strategically located throughout the region. Founded in 2010, the bank has quickly developed a strong reputation for its focus on being the bank built by entrepreneurs, for entrepreneurs. The bank has total assets of around $633 million. The bank’s parent company, Bay Bancorp, Inc., trades on the NASDAQ Capital Market under the ticker symbol “BYBK.”