Piermont in NY creates CRE, fintech analyst programs

Piermont Bank in New York has created a two-year program to train employees to become commercial real estate or fintech lending analysts. 

The $364 million-asset bank, which opened in 2019, said in its announcement that it will sponsor formal credit training at an accredited institution. The program will include on-the-job training in reviewing and monitoring financial information, along with financial modeling and analysis. 

Piermont’s chief credit officer will train and mentor program participants. 

The bank will accept applications for those interested in joining the program. 

After completing the program, employees will get to join any area of the bank that interests them.

Piermont offers a Banking-as-a-Service product that includes Nerve, a neobank that focuses on musicians, among its customers.