News: Long Island

Manditch of Empire National Bank honored by VIBS

Douglas Manditch, chairman and CEO of Empire National Bank, was an honoree at the recent VIBS Spring Benefit. The president of Stony Brook University, Samuel Stanley, Jr. M.D., and Suffolk County Sheriff Department captain Dympna Vernon were also recognized at the event. "VIBS provides innovative programs for victims of domestic violence and sexual assault. The organization's counseling, advocacy and hotline services have a tremendous positive impact on the lives of many people in our local communities," said Manditch. "It's a testament to the importance of the organization's work that this year's event raised $84,500. It's very gratifying that people show their support with financial contributions. Their donations help meet the agency's increased demand for services," said Pamela Johnston, VIBS' executive director. 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.