BCB Bancorp on Monday said it hired Mark Noto as BCB Bank’s chief lending officer and David Garcia will make a lateral move to executive vice president of BCB’s newly formed subsidiary, BCB Capital Group.
Noto will be responsible for all the bank’s lending initiatives.
Noto and Garcia are commercial banking industry veterans each bringing more than 30-plus years of financial industry experience in commercial lending and commercial real estate. They will report to BCB CEO and President Thomas Coughlin, and Senior Vice President and Chief Operating Officer Ryan Blake.
“We are very pleased to have Mark join our team. His wealth of experience in (commercial & industrial) lending, finance and his commitment to community banking fit BCB’s mission. His expertise and leadership will help us map and navigate the terrain as we continue to focus on our existing customer base while creating a positive strategy that helps to bring greater clarity to business owners during these uncertain economic times,” Coughlin said.
Most recently, Noto served as the executive vice president, head of commercial banking for Investors Bank. Noto was successful in growing the bank’s commercial & industrial loan division over his decade of service. His success involved the creation of several specialty businesses while never losing focus on the bank’s core community-based clients.
Meanwhile, Garcia will make the lateral move to spearhead BCB’s newly formed subsidiary, BCB Capital Group, as its EVP. Garcia joined BCB in 2020 as its chief lending officer and has overseen BCB’s lending division through its unprecedented expansionary phase over the last two years.
BCB Capital Group’s efforts will concentrate on structured and alternative lending solutions within the BCB Bank geographic lending footprint, with a primary focus on short-term, value-add and opportunistic commercial mortgage transactions. Offerings will include fixed & floating rate senior debt, and financial products like A/B structures.
The formation of BCG coincides with an increase in value-add and interim financing requests received by BCB Bank.
“BCB Capital will now provide our clients an enhanced ability to navigate market conditions to meet their long-term goals. This new effort further augments BCB’s reputation as an accretive, forward-thinking, innovative lender,” Garcia said.
Prior to his tenure at BCB, he spent more than a decade with Oritani Bank (since merged with Valley National Bank), including as executive vice president of Oritani’s private real estate investment trust, Oritani Asset Corp., as well as managing director of Oritani Finance Co. His tenure enabled the bank’s lending platform expansion to encompass five contiguous states. Prior to that, he served at UBS Investment Bank in the Global Commercial Real Estate/CMBS Group for nearly a decade, most recently as a director leading the proprietary acquisition of credit-tenant assets nationwide. Before working at UBS, Garcia served as associate director within the real estate finance group at Daiwa Securities.