NY Federal Savings names new mortgage lending head.New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Federal Savings Bank Noun 1. federal savings bank - a federally chartered savings bank FSB savings bank - a thrift institution in the northeastern United States; since deregulation in the 1980s they offer services competitive with many commercial banks has named Michael E. Staples to the posts of vice president and director of the mortgage department, according to Donald L. Shapiro, president and chief executive officer. New York Federal is a non-retail institution that concentrates on mortgages for small income-producing properties within a 50-mile radius of Manhattan. Staples, 33, had been a manager of commercial real estate for Village Bank of Port Chester, New York Port Chester is a village in Westchester County, New York, United States. The population is 27,867, according to the 2000 census, however, a July 1, 2002 Census estimate puts the village's population at 27,949. As a village, it is located in the Town of Rye. , which he joined in September 1988. He was responsible there for a loan portfolio of approximately $35 million. "In his extensive work with small-property owners and his intimate knowledge of their unique problems, Michael has precisely the experience we need," said Shapiro. He will help us grow our loan portfolio safely and profitably." Staples, who was raised in St. Louis, began his career in New Orleans with Hibernia National Bank For other uses of "Hibernia", see Hibernia (disambiguation). Hibernia National Bank, founded in 1870, was a personal banking and commercial lending institution headquartered in New Orleans, Louisiana. , where he completed the credit officer training program. He became an officer and acquired broad experience in a number of disciplines, including portfolio restructuring, before coming north to join the Port Chester bank. Staples is a graduate of Louisiana State University and completed the American Bankers Association The American Bankers Association (ABA) is comprised of banks and other financial institutions. It seeks to promote the strength and profitability of the banking industry by Lobbying federal and state governments, building industry consensus on key issues, and providing products and National School of Real Estate Finance program at the University of Wisconsin in Madison. He is a resident of Manhattan. |
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