News: Long Island

Empire National Bank welcomes Giamundo as asst. controller/VP

Empire National Bank recently named Catherine Giamundo assistant controller/vice president. Prior to joining Empire National Bank, Giamundo held the title of accounting manager at People's United Bank. A Certified Public Accountant, she has a B.S. in Accounting from SUNY Genesco. "Cathy brings close to a decade of community banking knowledge to her position at Empire National," said the bank's Chairman and CEO Douglas Manditch. "Her experience as a certified public accountant, combined with her Long Island banking background, is a welcome contribution to the bank's finance team," said Thomas Buonaiuto, Empire National's president and COO. Active in her community, Giamundo volunteers for Commack South Little League and Christ the King Roman Catholic Church's Religious Education Office. 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.
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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.