Independence Community Bank in Brooklyn, N.Y. has named three presidents for its newly created operating divisions: business banking, commercial real estate lending, and consumer banking.

The reorganization reflects the absorption of Broad National Bank in Newark, N.J., which the parent Independence Community Banking Corp. bought July 31.

The new division presidents -- John A. Dorman, Joseph S. Morgano, and Terrence J. Mitchell -- are also executive vice presidents of Independence Community.

Mr. Dorman, who was Broad National's president and chief executive officer, will head Independence Community's business banking division. He came to Broad National in 1992 from Chemical Bank, now Chase Manhattan Bank; he was an executive vice president in New Jersey.

Mr. Morgano, who was Independence Community's chief mortgage officer, will head the commercial real estate lending division. He joined the bank in 1972 as an assistant vice president in the mortgage department. Earlier he worked 12 years as City Savings and Loan Association in New York.

And Mr. Mitchell, who was the Brooklyn bank's director of retail banking, will head the consumer banking division. He joined the bank in 1974 and has worked as a branch administrator and marketing executive as well as a retail banker.

Independence Community Banking Corp. has $6.2 billion of assets

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.