Bank's market presence grows as deals top $75m.The Park Avenue Bank, a full service community bank with branches in Manhattan and Brooklyn, is announcing that they have closed over $75 million in both commercial real estate and corporate loans in the first half of the year. Charles J. Antonucci, 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 The Park Avenue Bank, noteD, "During both the first and second quarters of 2006, our loan portfolio has performed extremely well as our lending team continues to expand its market presence. "We're pleased with our results thus far this year, as the Park Avenue Bank continues to grow at a strong, steady pace. We are well positioned for a strong second half of the year with continued robust loan activity and two new retail branch openings this fall." Over the past six months, The Park Avenue Bank has closed numerous commercial real estate loans throughout the tri-state area There are a number of places in the United States known as tri-state areas where three states or holdings meet at one point (a tripoint), or in proximity to each other. The two most well-known are for the New York and Chicago metropolitan areas. with the majority in the five boroughs of New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. as well as upstate New York Upstate New York is the region of New York State north of the core of the New York metropolitan area. It has a population of 7,121,911 out of New York State's total 18,976,457. Were it an independent state, it would be ranked 13th by population. and Pennsylvania Pennsylvania (pĕnsəlvā`nyə), one of the Middle Atlantic states of the United States. It is bordered by New Jersey, across the Delaware River (E), Delaware (SE), Maryland (S), West Virginia (SW), Ohio (W), and Lake Erie and New York . Loan types included multi-family, bridge loans for land as well as income producing and non-income producing commercial properties, construction loans, including ground up, renovation, and conversion projects, land acquisition and development loans, secured and unsecured Unsecured A loan or equity interest that is given without any guarantee of payment, performance, satisfaction or opportunity for return from the recipient. No property, interest or security is used as collateral in either a guarantee or a pledge. revolving lines of credit and permanent loans with both five and 10 year terms. In addition, The Park Avenue Bank also engaged in corporate lending, closing a variety of deals including working capital lines and term loans. |
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