McLEAN, VA—GlobeSt.com has learned that Rick Lyon, EVP and head of commercial real estate for Capital One Bank, will retire from the bank in mid-2018. A search is underway for a successor, and Lyon will continue in his current role until aa candidate is found.
A veteran of four decades in banking, Lyon joined Capital One in January 2008, and is responsible for managing its CRE activities, including financial services to the real estate development and investment community. In 2013, he led the bank's acquisition of Beech Street Capital and its $10-billion portfolio of Fannie Mae and Freddie Mac multifamily loans, and later the integration of Beech Street's agency platform with Capital One's balance sheet group to form Capital One Multifamily Finance .
Before joining Capital One, Lyon spent 27 years with Wachovia, leading a number of real estate, corporate and middle market banking groups. He was responsible for Wachovia's CRE banking business in the Northeast.
Lyon began his career with CoreStates (now part of Wells Fargo), undertaking international assignments in Australia, where he organized the company's trade finance business in Hong Kong and London. He later led corporate and middle market banking for CoreStates' Northeast region.
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Paul Bubny
Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.
