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As the Small Business Administration's flagship 7(a) loan program breaks records, its other loan program stagnates. Advocates for so-called 504 loans hope a drive to permit CRE refinancing will inject new life.
August 13 -
Pioneer Bancshares in Dripping Springs, Texas, has struck a deal to merge with FC Holdings, the parent company of First Community Bank in Sugar Land, Texas.
August 13 -
Banc of California in Irvine is looking for a new chief financial officer, after Ronald Nicolas announced his resignation.
August 13
Empire National Bank in Islandia, N.Y., has named former Commerce Bank president and chief executive Robert Falese to its board.
The $517 million-asset Empire created a new board seat for Falese, a bank spokesperson said. In a press release, Douglas Manditch, Empire's chairman and chief executive, noted Falese's experience at both Commerce and as chairman of commercial banking for TD Bank.
"Bob is a 40-year veteran of the banking profession," Manditch said. "His experience provides us with a valuable and respected resource as we chart the bank's future growth."
Falese is the president of his own investment firm, Falese Investments, and consults with the private-equity firm Patriot Financial Partners.
