BCB Bancorp, the parent company of BCB Bank, hired Mark J. Noto as chief lending officer of the bank, while shifting David Garcia to the role of executive vice president of BCB’s newly formed subsidiary, BCB Capital Group, a structured and alternative lending solutions provider. Noto and Garcia will report to Thomas M. Coughlin, president and CEO of BCB, and Ryan Blake, senior vice president and chief operating officer of BCB.
As BCB’s chief lending officer, Noto will be responsible for all the bank’s lending initiatives.
“We are very pleased to have Mark join our team. His wealth of experience in C&I lending, finance, and his commitment to community banking fit BCB’s mission,” Coughlin said. “His expertise and leadership will help us map and navigate the terrain as we continue to focus on our existing customer base while creating a positive strategy that helps to bring greater clarity to business owners during these uncertain economic times.”
Most recently, Noto served as the executive vice president and head of commercial banking for Investors Bank (which was acquired by Citizens Bank in April 2022). Noto grew Investor Bank’s commercial and industrial loan division over his decade of service, creating several specialty businesses.
“My approach has always been straightforward. Listen to your client, understand their business and give them the best solution that works for them and the bank,” Noto said. “I chose BCB because I believe I can make a positive impact. Their solid foundation in banking principles and their will to grow the business made my decision a comfortable one.”
Garcia joined BCB in 2020 as its chief lending officer and has overseen BCB’s lending division through its expansionary phase over the last two years. With almost 30 years of experience in the finance industry, Garcia’s executive career has focused on growing both bank and investment bank platforms.
Prior to his tenure at BCB, Garcia spent more than a decade with Oritani Bank (since merged with Valley National Bank), including as executive vice president of Oritani’s private REIT, Oritani Asset Corp., as well as managing director of Oritani Finance. During his tenure, he led the expansion of the bank’s lending platform to encompass five contiguous states.
Prior to Oritani, Garcia served at UBS Investment Bank in the global commercial real estate/CMBS group for nearly a decade, most recently as a director with responsibility for leading the proprietary acquisition of credit-tenant assets. Before working at UBS, Garcia served as associate director within the real estate finance group at Daiwa Securities.
Garcia’s role as executive vice president will involve leadership of BCB Capital Group’s efforts, which will be concentrated on structured and alternative lending solutions within BCB’s geographic lending footprint, with a primary focus on short-term, value-add and opportunistic commercial mortgage transactions. Offerings will include fixed and floating rate senior debt and financial products like A/B structures.
“BCB Capital will now provide our clients an enhanced ability to navigate market conditions to meet their long-term goals,” Garcia said. “This new effort further augments BCB’s reputation as an accretive, forward-thinking, innovative lender.”
