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Carol Brennan
Connecticut, Massachusetts & Rhode Island

Carol Cedrone Brennan is the Director of Business Development for BDC Capital. She is responsible for keeping the BDC Capital name before the business, banking, and investment communities. Carol is also a board member of the New England Chapter of the Risk Management Association (RMA).

Carol has been with BDC Capital since January of 1998. Her professional career extends over 25 years during which she has held positions with a finance and marketing consulting firm, an injection molding company, and a computer manufacturer. She earned a B.A. in finance from the University of Massachusetts at Amherst and a master’s degree in management from the MIT Sloan School of Management.

T: 781-928-1123


Laura Brown
Maine, New Hampshire & Northeastern Massachusetts

Laura Brown, Vice President, covers areas of North Eastern Massachusetts and New Hampshire.  Laura has over 10 years of banking and lending experience most recently as a Business Banking Officer with Eastern Bank.

Laura’s accomplishments, including her non-profit work focusing on economic empowerment and poverty alleviation, as well as her educational background, have established her as a “go-to person” for growing New England companies.

T: 781-913-4050


Nancy Gibeau
Massachusetts, Connecticut & Rhode Island

Nancy Gibeau, Senior Vice President, covers the state of Rhode Island and southeastern Massachusetts.  Nancy has over 25 years of experience in banking and lending, and completed course work with RMA (LORS Program), Babson College School for Commercial Lending, and NAGGL (National Association for Guaranteed Government Lenders).

She previously served as the Senior Manager of Lending Services for the New Bedford Economic Development Council where she established an SBA Micro Loan Program through the assistance of the U.S. Small Business Administration (SBA) Massachusetts District Office.  The result was numerous grants to the City for technical assistance and the funding of programs such as “MBA in a Day” for small business owners.  Prior to that, she was a Small Business Lender for Compass Bank for Savings providing 7(a) and direct loans to the fisheries industry.

Nancy received two awards from SBA including the Woman in Business Champion Award for Massachusetts as well as for the New England Region.

Nancy graduated from the University of Massachusetts at Dartmouth with a B.S. in Management and is fluent in Portuguese

T: 508-254-7891



Ryan Johnson
Massachusetts & New Hampshire

Ryan Johnson, Vice President, focuses on the areas of Eastern Massachusetts, Southern New Hampshire and the Merrimack Valley.  Ryan has over 15 years of diverse lending experience, most recently serving as a Sr. Relationship Manager at Citizens Bank.  Prior to that Ryan was the Chief Lending Officer at First Commons Bank, and Co-Founder of the Sports Advisory and Finance Group at the CIT Group.  Ryan attended both Boston University and SUNY – Stonybrook where he earned his B.S. in Business Management. Ryan then went on to complete a graduate program in Finance at Harvard University.

T: 617-762-6708


Michael Topalian
Massachusetts, New Hampshire & Connecticut

Michael is Managing Director of Sales & Marketing overseeing all marketing and business development strategies throughout New England for BDC’s diverse product lines including the SBA 504 loan program.

Mr. Topalian’s experience includes over 25 years of lending and service to the New England business community.  A senior financial services manager with strong P&L performance, Mr. Topalian has proven financial, sales and marketing experience in the financial services industry.  Prior to joining BDC Capital, Mr. Topalian served as Senior Vice President, Sales and Marketing of Bay Colony Development Corp., and Senior Vice President of Bank of America; Milford National Bank and Trust; and TD Banknorth.  Mr. Topalian began his banking career at Shawmut Bank in 1989.

T: 508-612-5661


David Raccio
Connecticut, Western Massachusetts, & Vermont

David Raccio, Vice President, covers the states of Connecticut and Vermont as well as Western Massachusetts. Prior to working at BDC, Dave spent two years as the Vice President of SBA 504 lending at Community Investment Corporation and before that spent 15 years with the State of Connecticut, Department of Economic and Community Development, as a senior loan officer where he focused on providing financial assistance to certain industry clusters such as aerospace manufacturers, plastics and metal manufacturers, insurance and financial services, and bioscience companies. Dave graduated from the University of Connecticut with a B.A. in Political Science.

T: 203-780-1097


Matthew Brothers
Central & Western MA

Matt Brothers, Vice President, focuses on new business development in the areas of Worcester and Western Massachusetts, Southern New Hampshire, Southern Vermont and Northern Rhode Island.  Matt has over 15 years of commercial lending experience, most recently serving as a Commercial Lender at Rockland Trust.  Prior to that Matt spent time as a Commercial Banker at both Bank of America and Citibank.  Matt attended Brandeis University where he earned his B.S. in Economics. He lives in Lunenburg, MA with his wife Laura and twin boys Wesley and Charlie. Matt enjoys spending time with his family, being outdoors and volunteering.

T: 781-928-1142



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500 Edgewater Drive
Suite 555
Wakefield, MA 01880

Phone: 781-928-1100

Fax: 781-928-1101

Office Hours: 8 AM – 4 PM