News: Brokerage

ENB's Durso receives Marcum Workplace Challenge award

Empire National Bank's (ENB) senior credit analyst Greg Durso is the first place winner in the Wheelchair Division of the 2013 Marcum Workplace Challenge. This is the second consecutive year that he had a record performance in this category. Greg, a spinal cord injury survivor, also participates in and raises money for various spinal cord injury organizations. An avid athlete, he is determined not to let his physical challenges prevent him from pursuing his love of sports. He devotes much of his free time to training and participating in various athletic events. A Stony Brook resident, Greg is a graduate of Ward Melville High School. He earned an Economics Degree from Penn State in 2007 and started his finance career at Empire National Bank. One of the financial institutions first employees, he has been working at its Islandia-based corporate headquarters for more than five years. "Greg's courageous spirit, positive attitude and tremendous personal accomplishments, while facing the challenges of being wheelchair bound, are an inspiration to all," said Douglas Manditch, Empire National Bank's chairman and CEO. 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 has branches in Port Jefferson Station, Shirley and Mineola. For more information, visit empirenb.com
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Columns and Thought Leadership
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,

A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.