Category Archives: Capital‐Movements

Gary Jankowitz Tapped as Market President at BofA

By Joyce C. Dimaculangan

Bank of America announced that Gary C. Jankowitz has been named Market President in Kansas City. In this capacity, Jankowitz will work across the region to connect Bank of America’s business lines to deliver integrated financial services to individuals, families and businesses. In addition, he will lead the Bank’s corporate social responsibility work in the market.

Gary Jankowitz Bank of AmericaJankowitz brings to his new role several years of banking experience and outstanding leadership credentials. Most recently, he served as market integration executive for Merrill Lynch where he worked with regional and market line of business leaders to drive business integration. His previous roles with Merrill Lynch include Vice President, Sales Manager; and Vice President, Administrative Manager.

“Gary’s knowledge of the Kansas City region and leadership as market president will ensure we’re helping make our customers’ and clients’ financial lives better, through the power of every connection we can make with them,” commented Brian Moynihan, Chief Executive Officer, Bank of America.

Outgoing Market President Jack Ovel said, “Gary is a natural for this position as he has a solid understanding of our capabilities in all lines of business.”

Read More More

Share This
Twitter LinkedIn Digg Reddit StumbleUpon  

Tim Chaves Named “Banker of the Year” by SEED Corp

By Joyce C. Dimaculangan

Bristol County Savings Bank announced that Tim Chaves, Assistant Vice President of Commercial Lending, has been named “Banker of the Year” by the South Eastern Economic Development (SEED) Corporation. SEED Corporation is a regional nonprofit economic development corporation certified by the U.S. Small Business Administration that finances all types of small businesses in Massachusetts and Rhode Island.

Tim Chaves Bristol County Savings BankAmong 21 candidates, Chaves was chosen based on the volume of loans he made in participation with SEED and for exemplifying the spirit of small business assistance.

“Tim is always enthusiastic about working with new and existing clients to find the best financing package to meet their needs,” remarked Len Sullivan, First Executive Vice President & Senior Loan Officer, Bristol County Savings Bank.

He added that, “This often requires participating with the Small Business Administration through the SEED Corporation. Tim was thrilled to not only be recognized by SEED, but to also be able to provide financing to many small businesses though SEED’s innovative loan products.”

Read More More

Share This
Twitter LinkedIn Digg Reddit StumbleUpon  

Mark Cohen Appointed as SVP at Malvern Federal

By Joyce C. Dimaculangan

Malvern Federal Savings Bank has named Mark Cohen as Senior Vice President, Senior Commercial Lender. In his new role, Cohen will help develop and expand the Bank’s commercial banking portfolio in southeastern Pennsylvania.

Mark Cohen Malvern FederalCohen brings extensive experience to Malvern Federal, previously serving as Vice President and Senior Relationship Manager, Commercial Banking Group, for Susquehanna Bancshares in West Chester, Pennsylvania.

He also worked at Citibank and at Sovereign Bank, now Santander Bank, as Vice President, Relationship Manager, Commercial Banking Group. Previous ventures include Bank of America, Wachovia, and Chase Manhattan Bank.

Malvern Bancorp President and CEO Anthony Weagley welcomes Cohen’s appointment saying, “Our customers will benefit from Mark’s knowledge and commitment to personal service. We continue to grow the Bank by hiring exceptional local and regional talent.”

Read More More

Share This
Twitter LinkedIn Digg Reddit StumbleUpon  

Marc Heller Named CIT Commercial Services President

By Joyce C. Dimaculangan

CIT Group announced the appointment of Marc Heller as President of CIT Commercial Services. Before his promotion, he was CIT Commercial Services’ Northeast Regional Manager and International Manager. He will report directly to CIT Business Capital President Steve Solk.

Marc Heller CITHeller brings to his new role over 40 years of banking experience. Prior to joining CIT in January 2004, he served as HSBC Business Credit’s Executive Vice President and Regional Manager in New York.

Referring to Heller’s appointment, Solk said, “He’s played an important role within CIT Commercial Services and is well regarded for developing and growing client relationships and for delivering best-in-class financing solutions. I’m looking forward to working with Marc and his team as they continue to develop and expand our factoring and financing platform.”

Heller is a recipient of a number of industry awards, including the Financial Services Industries Award from the American Jewish Congress, the Partners in Kindness Award from Sephardic Bikur Holim and the Community Achievement Award from ORT.

Read More More

Share This
Twitter LinkedIn Digg Reddit StumbleUpon  

Jon Kowalski Hired as VP/Comm’l Banking at S&T Bank

By Joyce C. Dimaculangan

Full-service financial institution S&T Bank recently appointed Jonathan Kowalski as Vice President, Commercial Banking in the Bank’s Pittsburgh region. Kowalski will work on strengthening the Bank’s presence in the region by developing and expanding its commercial and industrial loan portfolio. He will work with the company’s existing and new clients in growing business relationships.

Jonathan Kowalski S&T BankBefore joining S&T Bank, Kowalski spent more than 10 years of his career with F.N.B. Corporation. He served as a corporate banking relationship officer, vice president, and commercial credit analyst, where he gained extensive experience in managing complex and large portfolios.

S&T Bank is excited to have Kowalski join other lenders in its expanding team. David Antolik, S&T Bank’s Senior EVP and Chief Lending Officer, welcomes the new appointment, saying, “We believe their collective experience will provide the insight and knowledge necessary to continue to grow this sector of the market in the New Year.”

Kowalski earned a Bachelor of Arts in Economics from Allegheny College. He completed the Leadership Development Initiative Program and attended the Commercial Lending School by the Risk Management Association as part of his ongoing professional development.

Read More More

Share This
Twitter LinkedIn Digg Reddit StumbleUpon  

Andrew Cecere Promoted to U.S. Bancorp President

By Joyce C. Dimaculangan

U.S. Bancorp Vice Chairman and COO Andrew Cecere was recently appointed as President. In his new role, he will continue his current duties of managing the company’s core lines of business in consumer and small business banking, wholesale banking and commercial real estate, payment services, wealth management, as well as securities services. He will report to Chairman and CEO Richard Davis.

Andrew Cecere US BankCecere brings to his new role 30 years of experience in the banking and finance industry. He started working at U.S. Bank in 1985, where he served as Vice Chairman and Chief Financial Officer, and Vice Chairman of Wealth Management and Securities Services. He then became Vice Chairman and COO last January 2015.

“He has demonstrated years of steady leadership and has earned the confidence of the board and the respect of his colleagues,” said Davis. “As chief operating officer, he has excelled at implementing a strategy that unifies the customer experience and makes U.S. Bank the most trusted choice because of our strength and stability. The board and I have tremendous confidence in Andy and his ability to manage our businesses effectively.”

Cecere looks forward to his new role. “I appreciate the vote of confidence from Richard and the board to be named president. We will continue to create value for our shareholders, customers, employees and communities as we pursue our vision for the future together.”

Read More More

Share This
Twitter LinkedIn Digg Reddit StumbleUpon  

David Nicholson Promoted at Marlborough Savings Bank

By Joyce C. Dimaculangan

Marlborough Savings Bank recently promoted David Nicholson to Senior Vice President, Commercial Loan Officer. In his new role, Nicholson will focus on managing and expanding the Bank’s commercial loan portfolio.

David Nicholson MarlboroughNicholson brings to the position 19 years of experience in commercial banking, adopting a customer-centric approach to develop strong banking relationships with his extensive experience in commercial and industrial loans.

Before joining MSB, he served as Vice President at Santander Bank based in Framingham, Massachusetts. He held the same position at Unibank in Whitinsville from 2010 to 2012.

He was also a director at the TD Bank Group, where he was responsible for new business development and large corporate deal restructuring. His previous experience includes leadership roles at RBS Citizens Financial Group and Fleet Financial Group, Inc.

Read More More

Share This
Twitter LinkedIn Digg Reddit StumbleUpon  

Geoff Miller Named Reg’l Sales Manager at GSCDC

By Joyce C. Dimaculangan

Greater Sacramento Certified Development Corp dba Capital Funding has named Geoff Miller Regional Sales Manager. In this capacity, Miller is responsible for managing Business Development Officers housed out of two regional offices (Sacramento and Redding). He will also be directing marketing and sales activities for the company.

Geoff Miller Capital FundingMiller brings almost 30 years of experience in commercial and SBA banking. Prior to joining Capital Funding, he served as SVP, SBA and Commercial Lending for Community 1st Bank in Auburn. Before that, he was Vice President, Branch Manager at Bank of the West. His previous experience includes leadership roles at First Northern Bank, California Bank & Trust, and Bank of America.

“Geoff brings his passion for assisting Business Owners and Entrepreneurs, helping them realize their dreams through education and innovations available through the myriad of SBA programs,” remarked Ray Sebastian, Executive Director of Northern California-based Capital Funding.

Miller obtained a B.A. in International Studies, with an emphasis on International Business with Pacific Rim countries, most notably Japan, from the University of Washington. He also has completed the full course curriculum in the masters-level extension program for senior officers in the banking industry at Pacific Coast Banking School.

Read More More

Share This
Twitter LinkedIn Digg Reddit StumbleUpon  

Susan Kite Promoted to SVP at Signature Bank

By Joyce C. Dimaculangan

Signature Bank of Georgia is pleased to announce the promotion of Susan Kite to Senior Vice President and Managing Director of SBA Lending. Kite has more than 27 years of experience in underwriting and closing SBA loans, and she knows all the ins and outs of SBA financing.

Susan Kite Signature Bank of GeorgiaKite joined Signature Bank in 2014 as Vice President and SBA Business Development Officer. Aside from helping many businesses grow and expand, her expertise with 7a, 504 and SBAExpress products made Signature Bank one of the leading SBA performers in Georgia.

“Susan’s leadership and the way her clients rave about her SBA capabilities makes her a natural for the job,” stated Signature Bank President Freddie Deutsch.

Kite is excited with the promotion. “I have great respect for small business owners who have multiple ‘hats’ to wear. They are the backbone of our economy, and I count it a privilege to assist them,” she said. “Signature Bank truly understands small businesses and we are ready to help them in a way I have not seen at other banks.”

Read More More

Share This
Twitter LinkedIn Digg Reddit StumbleUpon  

Stuart Erbstein Joins The Savings Bank as VP

By Joyce C. Dimaculangan

The Savings Bank in Wakefield, Massachusetts announced that Stuart J. Erbstein has joined the business as Vice President of Commercial Banking. He will be based in the Bank’s office in Andover.

Stuart Erbstein The Savings BankErbstein brings to his new role over 30 years of experience in lending, strategic planning and structuring of commercial projects. A veteran commercial real estate professional, he has knowledge of all New England markets.

Most recently, he served as a Vice President and commercial lender for Bank of New England’s Haverhill Office. During his tenure, he oversaw and managed a $25-million commercial real estate portfolio. He was also responsible for sourcing new commercial real estate loans, closing more than $11.2 million in new loans in one year.

Before Bank of New England, Erbstein served senior leadership roles at NorthEast Community Bank, TD Bank and First National Bank of Ipswich. His previous ventures include Citibank, Century Bank and Trust Company, Eastern Bank, Charles Schwab Corporation and Fidelity Investments.

Read More More

Share This
Twitter LinkedIn Digg Reddit StumbleUpon