News: Long Island

Smith promoted to vice president/BSA compliance officer at ENB

Marguerite Smith has been promoted to vice president/BSA compliance officer at Empire National Bank. She previously held the title of assistant vice president/deputy BSA/compliance officer, according to the bank's chairman and CEO Douglas Manditch. One of the bank's first employees, Smith has more than a decade of banking experience. For 10 years, she worked at the former Long Island Commercial Bank where she was an assistant branch manager and investment and insurance advisor. She earned a bachelor's degree in Communications from SUNY Oneonta and a master's degree in Banking and Finance from Dowling College. 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 branches in Port Jefferson Station, Shirley and Mineola.
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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.