Tuesday, February 22, 2022

Five Star Bank entering Baltimore, Washington markets

Financial Institutions in Warsaw, N.Y., is entering the Baltimore and Washington markets after hiring a team of commercial lenders from Howard Bank. 

The $5 billion-asset parent of Five Star Bank said in a press release Tuesday that it hired John Mangan as its Mid-Atlantic president. He previously served as senior vice president and team lead for commercial real estate and facilities management at Howard Bank. 

Howard Bank was recently acquired by F.N.B. Corp. in Pittsburgh. 

Mangan will lead a team of three bankers with commercial lending experience around Baltimore and Washington. The bankers are Mark Cunningham, John Dezinno and Thomas Mee. 

Five Star “is taking advantage of experienced and available talent to expand our commercial lending platform,” Martin Birmingham, Financial Institutions’ president and CEO, said in the release. 

“Our strong track record of credit-disciplined loan growth, combined with well-defined strategic and risk frameworks that guide the evolution of our company, give us confidence in the expected positive outcomes of this expansion beyond our current operating footprint,” Birmingham added.

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