Arlington, VA (August 2, 2011) — NCB, FSB (NCB), a federally chartered savings bank dedicated to serving cooperatives and housing communities nationwide is proud to announce Takashi Otani has joined its Community Association Lending team as its newest Assistant Vice President. Mr. Otani joins the NCB team that boasts decades of experience, and is well-recognized as a leader in assisting housing communities secure funding for a variety of needs.
“We are extremely pleased to have Takashi step into this role, and be part of a group that is focused on meeting the financial needs of community associations across the country,” said Steve Brookner, President & CEO of NCB, FSB. “He has been an instrumental part of NCB’s team for a number of years, and I’m confident he will have continued success in this new position.”
In this capacity, Mr. Otani will serve as a loan officer to the community and housing associations, working directly with them to secure financial packages to meet varying funding needs. Community association lending involves financing for condominiums, homeowner associations and town home associations to replenish reserve accounts or to finance repair and capital improvement projects. Mr. Otani will be responsible for managing aspects of the business development, loan origination, portfolio risk management and product development for the Community Association Loan department. Most recently, Mr. Otani was an Assistant Vice President in the Bank’s Capital Markets Department working with Mortgage Backed Securities loan sales.
Mr. Otani holds a Masters of Business Administration in Finance from The Kogod School at American University in Washington, D.C. and a Bachelor of Arts from Pomona College in Claremont, California.
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, National Cooperative Bank on Facebook, or on Twitter @coopbanking.
The NCB Financial Group consists of the Congressionally-chartered National Consumer Cooperative Bank (NCCB) and NCB, FSB, a federally insured savings bank wholly owned by NCCB. The NCB Financial Group provides financial products and services for the nation's cooperatives, their members, and socially responsible organizations.
The NCB Financial Group also works in a strategic alliance with NCB Capital Impact, a non-profit Community Development Financial Institution created under the same act of Congress as NCCB with particular focus on impacting low and moderate income communities.