News: Long Island

Empire National Bank appoints Buonaiuto

Thomas Buonaiuto has been appointed president, chief operating officer and director of Empire National Bank, a full service commercial bank. Buonaiuto said he welcomes the opportunity to serve at the helm of the next generation bank and is committed to providing the Long Island business community with cutting-edge products and services while preserving a "neighborhood bank" experience. "My credentials in this market put me in an excellent position to lead the bank's culture of exceptional personal service and commitment to go above and beyond to insure the success of each and every Empire National customer." "Mr. Buonaiuto began his banking career with me at Long Island Commercial Bank, and it's wonderful to be working with him again. We share the philosophy that service is the great equalizer among financial institutions, and our mission is to insure that Empire National's commitment to personal service and the communities we serve is second to none," said Empire National Bank chairman and chief executive officer Douglas Manditch. Prior to his current position, Buonaiuto held the title of executive vice president and chief financial officer of Union State Bank, a $2.9 billion state-chartered commercial bank in Orangeburg, New York. Buonaiuto earned a bachelor of science degree in Accounting from Long Island University, C.W. Post. He is also a graduate of the Bank Administration Institutes's School of Operations and Technology, a member of the American Institute of Certified Public Accountants, the New York State Society of Certified Public Accountants, a former member of the NYSSCPA Suffolk Chapter Small Business committee, past board president and current board member of the Child Care Council of Suffolk.
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Columns and Thought Leadership
The evolving relationship of environmental  consultants and the lending community - by Chuck Merritt

The evolving relationship of environmental consultants and the lending community - by Chuck Merritt

When Environmental Site Assessments (ESA) were first part of commercial real estate risk management, it was the lenders driving this requirement. When a borrower wanted a loan on a property, banks would utilize a list of “Approved Consultants” to order the report on both refinances and purchases.