News: Long Island

Empire National Bank named 2009 Banking MVP

Empire National Bank, a full-service commercial bank headquartered in Islandia, New York, was recently selected 2009 Banking MVP by the Long Island Association and Long Island magazine. The notable awards are given annually to Long Island-based businesses that demonstrate growth and exhibit leadership in local community service. "Empire National was selected because of the bank's rapid development and strong commitment to local philanthropy," said Gary Wojtas, the Long Island Association's director of communications, marketing and member services. "This important acknowledgement affirms the bank's growing presence on the regional business landscape and acceptance by our fellow Long Islanders," said Empire National Bank's chairman and chief executive officer Douglas Manditch. The bank's president and chief operating officer Thomas Buonaiuto noted the award recognizes the bank's support of more than 50 Long Island charities. "We are proud to have a positive impact and improve the quality of life for so many of the people who live and work in the communities the bank serves." 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.
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Suffolk County IDA supports expansion of A&Z Pharmaceuticals

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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.