ADDING MULTIMEDIA CrossHarbor Capital Announces Citizens Financial Group's Former CEO to Join Firm.BOSTON -- CrossHarbor Capital Partners, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control is pleased to announce that Stephen D. Steinour, former President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Citizens Financial Group is joining the firm. Steinour has broad experience in the financial markets including the capital markets, commercial banking, private equity, commercial real estate and distressed securities Distressed Securities A company that is currently going through hard times and, as a result, the market value of its securities or assets fall substantially in value. Notes: These securities then become attractive to bottom fishers or vultures. . Additionally, Steinour has significant mergers & acquisitions experience having overseen over 26 bank acquisitions while at Citizens. Steinour's vast experience will assist CrossHarbor in growing its already successful platform. "I am particularly excited about Steve joining our firm," said Sam Byrne, Managing Partner and Co-Founder of CrossHarbor. "Steve and I, as well as a number of my colleagues at CrossHarbor, all worked together previously over the past 20 years. Our long standing personal and professional relationships add to the unique chemistry we will have as a firm." "We are extremely fortunate to have Steve join us at CrossHarbor. His leadership skills and broad experiences in overseeing a $160 billion financial institution will add tremendous depth and breadth to the firm," added Managing Partner and Co-Founder William Kremer. As President and CEO of Citizens Financial Group, Steinour oversaw o·ver·saw v. Past tense of oversee. all business lines and operations of the commercial bank holding company, which is one of the 10 largest commercial banks in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. based on total deposits and assets. His previous professional experience includes Fleet Financial Group where he was Division Executive of its subsidiary Recoll Management - an $8 billion distressed commercial loan recovery company. Prior to Fleet, Steinour was an Executive Vice President at the Bank of New England New England, name applied to the region comprising six states of the NE United States—Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, and Connecticut. The region is thought to have been so named by Capt. . An alumnus ALUMNUS, civil law. A child which one has nursed; a foster child. Dig. 40, 2, 14. of Gettysburg College Gettysburg College is a private national four-year liberal arts college founded in 1832, in Gettysburg, Pennsylvania, adjacent to the famous battlefield. with a degree in economics, Steinour is also a graduate of the Executive Program at Stanford University Stanford University, at Stanford, Calif.; coeducational; chartered 1885, opened 1891 as Leland Stanford Junior Univ. (still the legal name). The original campus was designed by Frederick Law Olmsted. David Starr Jordan was its first president. Graduate School of Business. He is a member of the board of directors of Exelon Corporation and is the immediate past Chairman of the Greater Philadelphia Chamber of Commerce. Steinour is also a Trustee of the National Constitution Center and Eisenhower Fellowships. "I am looking forward to working within the private equity industry with a tremendous firm such as CrossHarbor," said Steinour. "The firm is uniquely positioned to take advantage of the opportunities in today's market." "Over our 15 year history we have been very successful as an opportunistic investor principally in the real estate areas," said Robert E. Garrow, Managing Partner. "Steve's leadership, drive and broad based experiences will allow us to grow as a firm to the next level not only in our real estate investment activities but also in new, complimentary business lines." Steinour will join the firm immediately and will hold the title of Managing Partner. About CrossHarbor CrossHarbor Capital Partners is a leading alternative investment firm specializing principally in real estate as well as distressed securities and private equity. |
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