Mr Assad is a financial services professional with more than 22 years of experience in domestic and international commercial and investment banking. Mr Assad was most recently a vice president of Banco Popular North America’s community lending and real estate finance team, where he was responsible for sourcing, structuring and underwriting loan transactions.

William Griffin, chairman of the board, said: Alfredo brings a wealth and depth of experience to New York National Bank. He is a proven team leader with vast corporate, finance and credit expertise that we believe will be the right fit to help grow the bank.