Doron Nissan promoted to senior vice president-business development.NEW YORK--(BUSINESS WIRE)--Aug. 14, 1996--Bankers Federal Savings FSB (FrontSide Bus) See system bus. FSB - front side bus , a subsidiary of BFS BFS Bundesamt Für Statistik BfS Bundesamt für Strahlenschutz (German: federal office for radiation protection) BFS Bowling for Soup (band) BFS Bankable Feasibility Study BFS British Fertility Society Bankorp Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : BFSI BFSI Banking, Financial Services and Insurance BFSI Banking, Finance, Security and Insurance ) is pleased to announced that Doron Nissan has been promoted to senior vice president-business development. Nissan has been with Bankers Federal since July of 1991, when he started as assistant vice president in the troubled asset department. In November 1992, he was promoted to vice president-troubled assets and also president of Fayette Properties Inc., a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of the bank where troubled assets are managed and sold. The creation of this new position reflects the banks continuing commitment to identifying and developing new areas of opportunity, particularly in lending. Bankers Federal has been and continues to be a very active participant in the lending community. Nissan's varied work experience, including real estate development and workouts, makes him uniquely qualified for this new position. As head of the troubled asset department, Nissan was successful in reducing the bank's non-performing loan portfolio from a high in excess of 10% of assets in 1991 down to the present level below 1.3%, all on terms favorable to the bank. He formerly worked as a vice president for Crescent Properties Inc. where he was responsible for acquiring, financing, leasing and managing commercial real estate investments. Bankers Federal Savings FSB is a SAIF-insured savings bank headquartered in 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. , which specializes in multi-family lending. The bank services the community through five branch locations in Manhattan, Queens and Brooklyn. As of June 30, 1996, the holding company, BFS Bankorp Inc. had total assets of $621,324,000, deposits of $399,629,000 and stockholder's equity of $48,620,000. CONTACT: Bankers Federal Savings FSB Andrea Pinto, 212/227-4040 ext. 225 |
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