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Bank Exec Named Chief of Orange County Capital Development Corp.

GOSHEN, NY-Former Bank of New York exec Robert Hannan has been named managing director of the Orange County Capital Development Corp., a liaison organization between lenders and small business that will begin operations early next year.

By John Jordan | Updated on October 21, 2003

GOSHEN, NY-A former Bank of New York executive has been named to head an organization geared at marrying start-up businesses with capital funding sources in Orange County. Robert Hannan, who most recently held the post of senior vice president and officer in charge of the Mid-Hudson Commercial Banking Division for the Bank of New York, has been named managing director of the Orange County Capital Development Corp.

The Orange County Capital Development Corp. is a subsidiary of the Orange County Partnership, the county’s chief economic development agency. The OCCD was formed earlier this year and its purpose is to match new entrepreneurial, non-retail venture ideas with capital funding resources. In return for the match, the new start-up company is required to locate in Orange County.

In accepting the post, Hannan stated, “The connections I’ve made in the world of banking, coupled with my experience reviewing business plans and managing people, will be key components in my ability to turn OCCD into a strong economic development tool for Orange County.” He noted that the corporation is expected to begin operations by the first quarter of 2004.

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