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Jay DiResta and Jared Tunnell Join NCB to Spearhead New Cash Management Solutions Initiative

(April 27, 2011) -  NCB, FSB, a federally chartered savings bank dedicated to serving cooperatives nationwide, is pleased to announce that Jay DiResta and Jared Tunnell have joined the Bank as Vice Presidents to lead the new cash management solutions for housing communities. The recently launched program offers cooperative housing and community associations a new lockbox and payment processing options, as well as a full-suite of banking services that promote efficiency and security for its user. The two executives are working closely together to integrate these new services for communities across the country, with Mr. DiResta based in the NCB’s New York City offices, and Mr. Tunnell handling the nationwide initiatives from its Virginia operations center.    

 “We are extremely fortunate to have two executive with such extensive background in cash management solutions leading this effort for the Bank,” said Charles E. Snyder, Chairman of the Bank. “As always, our top priority remains providing the best, comprehensive banking products and services to our customers nationwide. This platform is our newest opportunity to do just that with a new, effective cost-saving banking solution.”  

 In this new role, Mr. DiResta will be responsible for developing and implementing the new cash management solutions throughout the Tri-State region. He will work closely with management companies, primarily those with an existing lending relationship with NCB to ensure the payment processing solution is being fully-utilized and successfully employed to their satisfaction. Mr. DiResta has an extensive track record in this arena, serving as a Senior Sales Executive for Veracity Payment Solutions in Atlanta, GA, a service providing transparent and affordable electronic payment system for merchants. He also was the Director of Sales for KLIK Technologies Corporation, a national financing service company specializing in providing the marketplace with remittance processing and financial transaction settlements. Mr. DiResta is a member of NYARM and the Real Estate Board of New York.  

Working closely with Mr. DiResta is Mr. Tunnell, who will be handling the growth of the cash management platform and deposit related services for new and existing customers on a national basis. In this capacity, he is responsible for developing new opportunities and ensuring the cash management, commercial deposit products and services meet and exceed customer demand. His prior work as a Vice President of Cash Management and Commercial Lending at FirstService Financial provides the ideal skill set for the Bank as they roll out this new initiative.  

The state-of-the-art technology allows communities and property managers to streamline the payment process, through its real time, secure internet portal. The three main components of the new cash management solution system are Lockbox Services, Online Payment Services and Remote Deposit Services.  All of the new banking components complement NCB Treasury 24/7 the Bank’s online business banking platform. Through its integrated suite of financial tools and the convenience of 24/7 accessibility, NCB, FSB customers are enjoying complete control over their cash flow needs and banking operations.  

For more information on the new additions to NCB, FSB’s cash management banking platform or to view a product demonstration, please contact Vice President Jay DiResta at (212) 808-0880 or jdiresta@ncb.coop or Vice President Jared Tunnell at (703) 302-8176 or  jtunnell@ncb.coop . To learn more about NCB, FSB, please visit www.ncb.coop 

  

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, the Bank has offices in Alaska, California, New York, Ohio and Virginia. To learn more, visit www.ncb.coop.  

NCB Financial Group (NCB) consists of National Consumer Cooperative Bank, a federally chartered cooperative corporation; its wholly-owned subsidiary NCB, FSB, a federally chartered savings bank; and, NCB Capital Impact, a 501(c)3 nonprofit affiliate.  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.