Tom Lupo, President & CEO of Regal Bank, today announced the hiring of Sean Howland as Vice President of Commercial Real Estate Lending.
"Sean brings a vast amount of experience in Commercial Real Estate", said Mr. Lupo. "His particular niche is multi-family lending. These loans are solid credits, even in turbulent times such as these."
"The opportunity to generate business and service my contacts is what makes Regal Bank unique. The tight credit markets have made it difficult for qualified borrowers to expand their business", said Mr. Howland. "The multi-family business can be very profitable for both the borrower and lender. Unfortunately, several of the larger lenders have exited the business."
Regal Bank views the current market with cautious optimism, according to Mr. Lupo. "As the credit market tightens, there is an opportunity for lenders to expand their market share."
Mr. Howland added that the opportunity to be reunited with several individuals of the former NorCrown Bank was exciting. "NorCrown had great team chemistry. The chance to recapture some of that chemistry was another factor in my decision to join Regal Bank."
Dan Tower, Regal Bank's CFO, Mary Romano, Operations Manager and Christina Slater, Branch Manager, are key members of Regal Bank management with a NorCrown background, according to Mr. Lupo.
Regal Bank is headquartered in Livingston, NJ. Loan products include Commercial Real Estate, Term Loans and an assortment of Consumer Loans. For additional information, please contact Sean Howland at 973-716-0600.