Michael J. Gagliardi, formerly president and chief executive of the $6 billion-asset Green Point Savings Bank, has taken those positions at a much smaller institution.

Earlier this month, he took the helm of the $86 million-asset Ironbound Bank, a five year old community bank based in Newark, N.J.

Mr. Gagliardi left Green Point in April 1993 because of its plans to switch from mutual to stock ownership. During his tenure, the Brooklyn-based thrift ranked as one of the highestearning, fastest-growing, and strongest financial institutions in New York State.

His banking background includes marketing, administration, strategic planning, financial management, and mortgage lending.

"Ironbound Bank has been centered more on the commercial lending side." said Mr. Gagliardi, "and I will be working on implementing a full residential lending product at the bank. We will be putting more emphasis on mortgage lending to help carve a niche for the bank in this market."

Thomas R. Lupo has been named executive vice president and chief lending officer at Ironbound.

Much of Mr. Lupo's 25 years in banking was spent in the Kearny-Harrison area.

His expertise includes commercial and consumer lending, branch operations, and business development.

He was senior vice president and senior lending officer at Bridge View Bank, Englewood Cliffs. Prior to that, he held a similar position at Peoples Bank, Fairfield.

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