Washington, DC (January 28, 2009) — NCB, a leading financial services company, announced the promotion of Franklin D. Fasano to Chief Information Officer (CIO), where he is responsible for all of the Bank’s information technology initiatives.
“The banking industry continues to evolve, especially in the creation and implementation of new software and technology to increase efficiency and security of all operations. We are thrilled to have an executive with Frank’s knowledge and experience overseeing these efforts for us,” said Charles E. Snyder, NCB President & CEO. “While the Bank remains committed to personal and accessible customer service, its strong technology platform allows us to remain competitive in the industry, and most importantly, offer the best and most convenient banking options to our customers.”
As CIO, Mr. Fasano will direct, plan and employ enterprise information technology (IT) systems to support NCB’s business operations, while also improving effectiveness and service quality. In this capacity, he will oversee all areas of the Bank’s information technology and operating systems. Prior to this promotion, Mr. Fasano served as Chief Technology Officer (CTO) for NCB, where he implemented strategic plans for managing the Bank’s current and future technology resources. During his tenure as CTO, the Bank’s information systems were responsible for operating over $7.6 billion in assets under management and 361 employees and locations in six states and Washington, D.C.
Before joining NCB 12 years ago, Mr. Fasano served as a Senior Lotus Notes Consultant for Sussex Systems, Inc., located in Darnestown, Maryland. Mr. Fasano holds a Bachelor’s of Arts degree from Georgetown University.
As a full-service financial institution, NCB provides term loans, lines of credit, commercial and residential mortgages, construction loans, lease financing, private placements and personal and business banking products. In addition, the Bank offers an array of other business banking products via its secure, online cash management platform, including Real Time Deposit, NCB’s remote deposit capture product allowing businesses to efficiently deposit checks via remote scanning services operated at the business’ location. The Bank is also a member of CDARS network, providing customers with a single source for FDIC insurance on CDs up to $50 million.
NCB Financial Group (NCB) consists of National Consumer Cooperative Bank, a wholesale funding company; NCB, FSB, a federally-charted savings bank; and, NCB Capital Impact, a 501(c)3 nonprofit. Loans and other financial services are provided by NCB, FSB and NCB Capital Impact. Deposit products and services are provided by NCB, FSB, which is a member FDIC. Each is a separate corporation within the NCB Financial Group.
NCB is dedicated to strengthening communities nationwide through the delivery of banking and financial services, complemented by a special focus on cooperative expansion and economic development. Headquartered in Washington, DC, NCB also has offices in Alaska, California, New York and Virginia. In addition, NCB has a growing community banking network in southwestern Ohio. To learn more about NCB, visit www.ncb.coop.
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