News: Long Island

Locorriere of ENB named to Long Island Museum Board

Michael Locorriere, 
Empire National Bank

Islandia, NY Executive vice president Michael Locorriere, who also serves as Empire National Bank’s director of municipal banking, has been appointed to the Long Island Museum’s board of trustees. 

“Michael brings strategic financial expertise to the table, and we will be the better for his seasoned leadership,” said Neil Watson, LIM’s executive director.

“Empire National Bank has been an ardent supporter of LIM for many years.  It’s an honor to continue this commitment to an institution dedicated to sharing Long Island’s rich heritage with people of all ages, near and far,” said Locorriere.

As director of municipal banking, Locorriere brings 28 years of combined banking and government experience to his position. 

Responsible for all activities including developing, maintaining and administering municipal programs, he manages a portfolio of over $465 million.

A resident of West Islip, he holds a BS from Mansfield University, Mansfield, Pennsylvania and an MBA from Dowling College, Oakdale, New York.

An active professional, his affiliations include the New York State Bankers Association; Suffolk and Nassau Associations of School Business Officials and the Long Island Village Clerks and Treasurers Association.  He is also a member of the Long Island Regional Council of Government Finance Officers Association.

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.  Headquartered in Islandia, New York, Empire National Bank has locations in Port Jefferson Station, Shirley and Mineola.  A private banking-style, full-service branch is located in Manhattan.  For more information, visit empirenb.com

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The evolving relationship of environmental  consultants and the lending community - by Chuck Merritt

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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.