Zirmak Mortgage Inc. named William Laudano its new president.

Mr. Laudano, 45, comes from the subprime lender's parent company, Zirmak Financial Group, where he was chief financial officer. He reports to chairman Andrew Zaro. He succeeds Wendy Fitzgerald, who left the company in June.

Mr. Laudano has also worked at Lafayette American Bank and Trust, Westport Bancorp, and accounting firm Ernst & Young.

Zirmak Mortgage makes subprime loans in New York, Connecticut, and Rhode Island and plans to expand into New Jersey and Massachusetts.

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