(Bridgehampton, NY, January 31, 2014) The Bridgehampton National Bank (BNB), a wholly owned subsidiary of Bridge Bancorp, Inc. (the "Company") (NASDAQ: BDGE), has announced the promotions of John McCaffery, SVP and Treasurer to Executive Vice President and Will Newham VP, Commercial Lending Officer, to Senior Vice President, Real Estate Team Leader.
John McCaffery joined BNB a little over 2 years ago to serve in the role of Treasurer. In that short period of time he has had an important impact on the critical areas of both acquisition planning and the raising of capital. Most recently he was involved in the acquisition of First National Bank of New York (FNBNY) and the successful completion of a $40 million capital raise. "John has been instrumental in the FNBNY acquisition and is a tremendous asset as we continue to grow and develop our Bank," commented Kevin M. O'Connor, President and CEO of BNB.
McCaffery's 30 year tenure in the banking industry comes into play on a daily basis as he manages the balance sheet and is part of the strategic planning team, which includes analyzing merger and acquisition opportunities. Prior to BNB, McCaffery was the Treasurer of State Bank of Long Island. He also served as the CFO of Capital One, Commerical Bank and was with North Fork Bank for 11 years. His banking career began in the mailroom of Roosevelt Savings Bank, while he was attending Hofstra University, where he received his BS in Banking and Finance. He currently serves as Chairman of the School Board for Our Lady of Mercy School in Hicksville, and is active with the Boy Scouts of America. John resides in Plainview, NY with his wife and five children.
William Newham VP, Commercial Lending Officer has been promoted to Senior Vice President and Real Estate Team Leader. Relatively new to the lending team, he joined BNB in 2011, bringing an extensive knowledge of the New York metro area real estate environment. "Will's knowledge has allowed us to significantly increase our lending opportunities in commercial real estate. I am pleased to recognize his experience and his ability to act as a resource for the entire lending team," noted Kevin O'Connor.
Newham has over 20 years' experience in banking and commercial real estate financing. Prior to BNB, he served as Senior Vice President, Commercial Loan Officer of Peoples United Bank (formerly Bank of Smithtown), Vice President and Relationship Manager for the Commercial Real Estate Group of HSBC Bank USA, N.A., and as Vice President with The Roslyn Savings Bank (a division of NYCB) of their Commercial Real Estate Division. Newham is responsible for originating new commercial real estate loans consisting of construction, interim and permanent loan facilities on multi-family apartment buildings, single family subdivisions, office, retail, and industrial properties. He is a graduate of New England College with a B.A. in finance and economics. He is also a graduate of Americas Community Bankers National School of Banking atFairfieldUniversity. Newham serves on the Board of Directors, Real Estate Practitioners Institute at Stony Brook University and the American Dance Theatre of Long Island.
Established in 1910, the Bank, with assets of approximately $1.9 billion and a primary market area in Suffolk County, Long Island, operates 23 retail branch locations. Through the branch network and electronic delivery channels, the Bank provides deposit and loan products and financial services to local businesses, consumers and municipalities. Title insurance services are offered through a subsidiary, Bridge Abstract and investments through Bridge Investment Services. The Bridgehampton National Bank continues a rich tradition of involvement in the community by supporting programs and initiatives that promote local business, the environment, education, healthcare, social services and the arts.