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Sterling National Bank Establishes Community Development Banking Team

December 23, 2015, 07:39 AM

Sterling National Bank announced that Vincent (Vince) Maine has joined the Bank as Senior Managing Director to lead its newly-established Community Development Banking team. The new team expands the Bank's Community Reinvestment Act (CRA) initiative and will be dedicated to offering commercial finance and consumer credit products that advance the goals of development and reinvestment in the communities in which the Bank operates. The team will serve the New York Metro region originating loans for purposes such as affordable housing, community development, home improvement/home equity lines of credit, residential mortgages and small business lending.

Maine brings nearly 20 years of community development and lending experience to Sterling. He previously held senior CRA positions at PNC Bank, Sun National Bank and Key Bank.

"Our new Community Development Banking team will focus on expanding financial solutions for some of the most vital needs of our communities -- such as affordable housing, home and neighborhood improvement, and small business lending," said Michael Bizenov, President of Consumer Banking at Sterling. "We are pleased to welcome Vince to lead the enhancement of our efforts. He brings tremendous community banking expertise and a dedication to revitalizing communities."

"I am excited to be a part of Sterling's commitment to the financial needs of the community. I have always believed that banking institutions can play an important role in investing both financial resources and business expertise to help communities realize their potential and improve their citizens' lives," noted Maine.

The Community Development Banking team will work closely with Sterling's CRA Management Committee and will pursue relationships with community-based organizations to identify opportunities and to provide support for projects and initiatives that meet well-defined community objectives as well as the Bank's credit standards.

Sterling National Bank, the principal subsidiary of Sterling Bancorp, specializes in the delivery of service and solutions to business owners, their families, and consumers in communities within the greater New York City area through teams of dedicated and experienced relationship managers. Sterling National Bank offers a complete line of commercial, business, and consumer banking products and services.

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