OUR TEAM
At PCM, we bring our long-standing relationships with industry-leading professionals together with the extensive experience of our team members and Board Advisors to provide key solution sets and superior service to your financial institution.Our Team:
Steven C. Young (biography)
Calvin E. Baty (biography)
Matthew T. McGonigle (biography)
Biography :: Steven C. Young
Steve, the founder of PCM, is responsible for the advisory & placement service strategically created to complement the direct lending group. He manages origination, underwriting, operations and loan servicing for the direct lending group; he works in conjunction with a strategic funding partner with underwriting. For more than a decade, Steve has assisted bank and thrift CEOs, CFOs and Board of Directors with investment banking, balance sheet management, fixed income investment and operational issues. He has extensive experience working with middle-market financial institutions; assisting with corporate finance strategy, developing and executing a broad spectrum of fixed income securities transactions; generating successful liability management strategies; and managing total balance sheet optimizations. Steve has provided advice to financial institutions seeking to improve their margins, return on assets, return on equity and overall financial results. In addition to assisting institutions increase shareholder value, Steve's experience extends into complex strategies, accounting and regulatory issues.
Prior to moving to New York City, Steve was recruited to Chicago by FTC Capital Markets, a division of First Tennessee Bank, to start a corporate finance division and hire fixed income sales & trading group members, focusing on Midwest middle market banks, thrifts and credit unions. Steve was then recruited to New York by Sandler O'Neill & Partners LLP, a leading Wall Street investment banking firm focused on middle-market financial institutions. Steve served Sandler as the vice president responsible for Midwest and Southeast middle-market financial institutions. Steve achieved his goal to become one of the select few top producers at the firms he had the opportunity to serve. Prior to his return to the Midwest, Steve was managing partner and founder of the Greenwich, Connecticut-based SMP Group, an organization that provided portfolio companies with strategic consulting for a select group of private equity funds.
Steve is a graduate of the University of Wisconsin with a bachelor's degree in engineering; he also attended graduate studies at the Stern School of Business at New York University. Steve holds a loan origination license. In addition, he is a member of the Bank Holding Company Association, The Turnaround Management Association and he is an associate member of several state independent community bankers associations.
Calvin E. Baty
Calvin, a partner in PCM, has a strong development background. He brings a new perspective to our underwriting and feasibility process. Having financed over $700 million in transactions for his own development company, Calvin is able to understand the project from the borrower's perspective. Calvin has financed his projects through banks, private investors, bridge loans and equity partners. Using this experience, he is able to quickly analyze a project and assist our clients in completing our underwriting process.
Prior to joining our team, Calvin was a developer in Portland, Oregon. He started his own company in 1992 building 10 starter homes per year on infill lots that he had developed. By 2000, he had 50 homes per year in construction, had completed a 30 unit condominium project, and had developed over 300 lots for other builders. By 2007, Calvin had developed several thousand lots for other builders (both public and private) throughout the Western United States. He had developed and built several thousand Single Family homes, town homes and Condominiums.
During the process of funding these projects, Calvin had developed relationships with Lenders, Hedge Funds, and Equity Funds. Therefore, providing clear understanding of what is needed to bring transactions to a successful close.
Over the past year, Calvin decided to make the move to the financial side of the business. Seeking to work with highly skilled professionals, Calvin relied on his network established as a Developer. After careful consideration and evaluation, Calvin thought that PCM both filled an important space in the market and had the highest ability to execute. Fortunately, Steve Young (founding Partner) with PCM was equally impressed with his energy, knowledge of finance, and his ability to analyze projects.
Matthew T. McGonigle
Matt contributes to origination at PCM. He is also responsible for marketing coordination and research into a range of marketplace audiences, including decision makers in key vertical segments. Matt manages the customer and market databases, professional trade associations, key media targets and networking events. He regularly develops and implements high-impact communications to these groups and consistently executes follow-up campaigns to maximize response rates. From 2000 to 2004 Matt served as a manager for BDMS & Associates, Inc. where he developed and managed financial advisory teams across the Midwest. He has developed a full range of marketing campaigns for various financial institutions and small businesses. Matt graduated from Ohio Wesleyan University with a bachelor's degree in political science, with additional studies in graphic design and advertising.