Eastern Consolidated, Inc. recently hired Michele Nicoletta as an associate director and part of the firm’s loan sales and turnaround services group. Previously a managing director and head of credit trading at Standard Chartered Bank, she’ll specialize in the sale and acquisition of investment property.
Prior positions had included head of Latin America credit trading Read More
Capital One Bank has grown steadily since it was founded by current chairman, CEO and president Richard Fairbank in 1993. Along the way it grew from a mono-line credit card company funded through the capital markets into a more diversified entity with commercial and consumer banking. It managed to make Visigoths funny and capitalize on Alec Baldwin’s Words With Friends meltdown, while simultaneously deepening its reach into lines of business like commercial real estate.
The bank as a whole had $294.5 billion in loans outstanding and $216.5 billion in deposits as of March 31, 2012, according to its first quarter 2012 results. The commercial and multifamily real estate portion of this increased when comparing year-end results recently as well—rising to $15.4 billion for the period ended Dec. 31, 2011 from $13.4 billion the previous year.