News Column

Customers Bank Hires Kevin D. Gallagher to Lead Small Business Administration Loan Division

August 28, 2014



By a News Reporter-Staff News Editor at Politics & Government Week -- Customers Bank has hired Kevin D. Gallagher as Senior Vice President/Small Business Administration (SBA) National Director. Gallagher, a seasoned SBA executive, will oversee a team that will eventually expand throughout the bank's footprint. Gallagher's office is located in Melville, N.Y.

Prior to joining Customers Bank, Gallagher was Senior Vice President, SBA National Sales Director for Citibank, where he was responsible for managing a national SBA sales team of 11 people.

His responsibilities at Customers Bank include creating a national SBA sales team and building on the bank's success of generating new SBA loans by further developing the program in select markets nationally.

Gallagher's hiring comes on the heels of a report issued by the SBA Philadelphia District regarding 7(a) Loan volumes for the period of Oct. 1, 2013 to June 30, 2014. The report reflects Customers Bank's top 10 finish among 85 banks and other lending institutions in the Philadelphia metropolitan region. Customers Bank also finished in the top 10 in the district's report for the period of Oct. 1, 2012 to Sept. 30, 2013.

Prior to working for Citibank, Gallagher served as Vice President at New York Business Development Corporation, where he assisted the Long Island/NY Metro region's small business community by providing business and real estate financing.

Previous to that, he worked at Gallagher Associates, a Long Island commercial mortgage brokerage company, where he was Vice President of Business Development for 10 years. In this position, he was responsible for promoting business development in Long Island by working closely with banks, real estate attorneys, real estate brokers and others in the real estate business.

"With his extensive background in SBA lending and his proven leadership skills, Kevin is a welcome addition to our Customers Bank team," said Richard Ehst, President and Chief Operating Officer of Customers Bank. "We're looking forward to creating a solid SBA lending team under Kevin's direction and establishing a program that will be a go-to loan resource for small businesses throughout our service area."

Gallagher, of Miller Place, N.Y., has received several awards for outstanding SBA loan production during the course of his career.

He received a doctorate and bachelor's degree in law from Laurel University, High Point, N.C., as well as a master's degree in corporate finance and a bachelor's degree in political science, both from Dowling College, Long Island. He is a licensed real estate broker in New York.

Gallagher's professional affiliations include serving as a member of the Advancement for Commerce, Industry and Technology; a member of the Risk Management Association; and a member of the Commercial Industrial Brokers Society.

Keywords for this news article include: Real Estate, Financial Services, Government Agencies Offices and Entities.

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Source: Politics & Government Week


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