MONTEBELLO, N.Y, Nov. 03, 2017 (GLOBE NEWSWIRE) -- Sterling National Bank (NYSE:STL) today announced that Kurt Fuoti has joined the bank as Managing Director and Senior Vice President in its Paramus, New Jersey office. Fuoti will be a key member of the New Jersey Commercial Banking team, led by Robert Koar, Senior Vice President and Senior Managing Director at Sterling. Fuoti will be responsible for business development, establishing new client relationships and expanding existing business by leveraging Sterling’s single-point-of-contact approach.
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Fuoti was most recently Senior Vice President and Senior Lender at Fulton Bank of New Jersey, where he developed the Northern New Jersey Middle Market Commercial & Industrial Lending group. Prior, Fuoti served a fifteen plus year tenure with TD/Commerce Bank, including a leadership role as Senior Vice President and Team Leader of the Central New Jersey Middle Market Lending Group.
“We are excited to welcome Kurt to join our growing New Jersey team,” said David S. Bagatelle, Executive Vice President and President of New York Metro Markets which includes the NJ Commercial Banking team. “He brings over three decades of experience in the market to Sterling, as well as deep expertise in the areas of lending and portfolio management for middle market clients. I look forward to working closely with Kurt as we continue to expand and grow our business across the market.”
Fuoti received his Masters of Business Administration from Drexel University, and holds a Bachelor of Arts degree from Pennsylvania State University.
About Sterling National Bank
Sterling Bancorp, of which the principal subsidiary is Sterling National Bank, specializes in the delivery of financial services and solutions for small to mid-size businesses and consumers within the communities we serve through a distinctive team-based delivery approach utilizing highly experienced, fully dedicated relationship managers. Sterling National Bank offers a complete line of commercial, business, and consumer banking products and services. For more information, visit www.snb.com.
This release may contain "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements may concern Sterling's current expectations about its future results, plans, operations and prospects and are subject to numerous assumptions, risks and uncertainties, including inflation; the effects of, and changes in, trade; changes in asset quality and credit risk; introduction, withdrawal, success and timing of business initiatives; capital management activities; customer disintermediation; and the success of Sterling at managing these risks. Other factors that could cause Sterling's actual results to differ from those indicated in forward-looking statements are included in the "Risk Factors" section of Sterling's securities filings with the Securities and Exchange Commission. The forward-looking statements included herein are only made as of the date hereof, and Sterling specifically disclaims any obligation to update these statements in the future.
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Source:Sterling National Bank