News: Long Island

Giamundo promoted to vice president/controller at Empire National Bank

According to Douglas Manditch, CEO of Empire National Bank, Catherine Giamundo has been promoted to vice president/controller. Her previous position was vice president/assistant controller. Giamundo, a CPA with community banking experience, held the title of accounting manager at People's United Bank prior to joining Empire National Bank over two years ago. She has a B.S. in Accounting from SUNY Genesco. Dedicated to helping small to mid-sized privately-owned businesses, professional practices, not-for-profit organizations, municipalities and real estate professionals grow and prosper; Empire National Bank is committed to bringing the personal touch back to customer service while providing a "neighborhood" banking experience.
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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.