By Joshua Burd
Investors Bank has hired Andrew Markey as a senior vice president and team leader within its commercial real estate lending group, the Short Hills-based bank announced.
Markey, a veteran commercial real estate banker, joins Investors from ConnectOne Bank. In his new role, he will be responsible for new business development in the New Jersey and New York region, with a focus on building new relationships and reinforcing existing ones with top real estate developers and property owners.
“Andrew will help enhance and strengthen our solid, experienced and highly capable CRE lending team,” Richard Spengler, Investors Bank’s chief lending officer, said in a prepared statement. “He possesses the expertise to structure and complete complicated CRE financing transactions.”
“His impressive talent in developing relationships with New Jersey’s top commercial real estate firms is critical for us to prudently grow our CRE lending portfolio.”
Markey joins Investors Bank and becomes a key player on the team led by the company’s head of commercial real estate lending, Joseph Orefice.
“Joining Investors Bank presents many exciting opportunities,” Markey said. “The bank is a large, regional financial institution with an exceptional reputation among CRE companies.”
With ConnectOne Bank, Markey was a senior vice president and team leader in the commercial real estate lending unit, the news release said. There, he developed and grew the bank’s real estate lending capabilities.
Earlier, Markey held senior-level lending positions at Wells Fargo Bank, having built relationships with developers and completed hundreds of commercial lending transactions during his 20 years at the bank. He began his career as a bank examiner with Office of the Comptroller of the Currency, an independent bureau of the U.S. Treasury Department.
He earned both a bachelor’s degree in economics and an MBA in finance from Rutgers University. He is a member of NAIOP, the commercial real estate development association.