News: Long Island

Empire National Bank hosts grand opening at Islandia headquarters

Empire National Bank, a full service commercial bank, recently hosted a grand opening celebration at its Islandia corporate headquarters, also the main branch. Among the several hundred guests were bank founders, directors, customers and prominent members of Long Island's business community. "It was wonderful to see so many people share in our excitement and wish us success. Empire's team has gone above and beyond to provide the business community with the latest advances in banking technology. And we remain strong in our belief that service is the great equalizer among financial institutions," said Douglas Manditch, Empire National Bank's chairman and chief executive officer. "With the bank's first branch now open in Shirley and a Port Jefferson Station location slated to open this fall, we are looking forward to expanding on Empire National's commitment to the communities we serve," said Thomas Buonaiuto, the bank's president and chief operating officer. Empire National Bank is built upon the foundation of time-honored values, personal service and emerging technologies. The bank has developed a wide array of innovative products and services specifically designed to meet the needs of small to mid-sized privately owned businesses, professional practices and not-for-profit organizations seeking a "neighborhood" banking experience. Headquartered in Islandia, New York, Empire National Bank is led by a management team of experienced bankers who are committed to supporting the Long Island community. For more information, visit empirenb.com.
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Suffolk County IDA supports expansion of A&Z Pharmaceuticals

Hauppauge, NY The Suffolk County Industrial Development Agency (IDA) has granted preliminary approval of a financial incentive package that will assist a manufacturer in expanding its business by manufacturing more prescription (Rx) pharmaceuticals in addition to its existing over-the-counter
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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.