Walter C. Provost, President and CEO of Gibraltar Savings Bank this week announced the creation of its Commercial Real Estate Lending department.
Under the direction of John A Fuhrmann, Commercial Real Estate Loan Development Officer, Gibraltar Savings Bank can now accept applications for permanent financing on apartment houses, office buildings, office-warehouses and retail centers. Applications also are being accepted for commercial real estate construction loans.
"We can lend funds for your project at very competitive terms said Provost. "Larger loans can be arranged through participations, he added.
Gibraltar Savings Bank continues to aggressively seek residential construction loans including tract development. With the creation of its new department, the Bank is now a perfect fit for smaller ticket commercial real estate devlopers.
For complete details and current rates, Mr. Fuhrmann can be reached by calling 973-515-0885 ext 9656. Gibraltar Savings Bank is an equal housing lender and makes loans only in the State of New Jersey.
00/00/00: Gibraltar Savings Bank Introduces Free ATMs
Starting in late summer, personal checks will be mailed in all-new packaging. To meet the changing Postal requirements, the traditional mailing carton is being replaced with a new stream-lined package. This new package delivers the quality and security you expect - and inside the package, the easy-to-assemble flat box folds together to store checks.
Our check suppplier, Deluxe, worked proactively with the U.S. Postal Service (USPS) to develop this new package that meets new postal regulations and helps keep mailing costs to a minimum. With the USPS significantly raising rates for three-dimensional bulk mail packages, switching to a flat package is a more cost-effective solution. The stringent new automated bulk mail requirements specify that packages must be:
o Rigid enough to be processed through the postal system's automated equipment
o Flexible enough to securely fit in a variety of mail recepatacles
o No more than 3/4" thick
The new Deluxe check packaging meet these requirements. ""In developing the new packaging, we surveyed hundreds of consumers about what they wanted in a check package, and we're confident this new package will meet the needs of consumers, financial institutions and the post office", said Debi Cahill, chief marketing officer for Deluxe Financial Services.
