New York Business Development Corporation Announces New Board Members

Wednesday, May 10, 2017 / Published in Featured News, General News
New York Business Development Corporation Announces New Board Members

(ALBANY, NY)   New York Business Development Corporation (NYBDC), a leading provider of alternative small business financing, has announced the appointment of new directors to its Board.

Recent appointments to the NYBDC Board of Directors are Robert M. Fisher, President and Chief Executive Officer of Tioga State Bank, Mark R. Lavarnaway, President and Chief Executive Officer of Watertown Savings Bank, Kevin M. O’Connor, President and Chief Executive Officer of Bridgehampton National Bank, and Michael T. Pugh, President and Chief Executive Officer of Carver Federal Savings Bank.

Patrick MacKrell, President and CEO and Daryl Forsythe, Chairman of the Board welcomed the new directors and committee members at recent meetings. “Together, these additions to our Board of Directors and loan committee bring decades of experience in small business lending to our organization,” said Patrick MacKrell, President and Chief Executive Officer of NYBDC. “We are pleased to have them on board and will benefit greatly from their experience and perspective.”

About NYBDC

We are mission-driven alternative lenders that provide creative financing solutions to help are We are mission-driven alternative lenders that provide creative financing solutions to help small businesses thrive. Throughout our 61-year history, we have provided thousands of small businesses—including start-ups, mature businesses, and minority- and women-owned businesses—with access to loans when they do not meet the requirements for traditional financing. We offer access to a suite of financing options that includes SBA 504, 7(a) and Community Advantage loans, as well as online alternative loans, throughout New York State. 

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