Popular Bank, a subsidiary of Popular, Inc., appointed Adam R. Bavifard to be Senior Relationship Manager in the bank’s Commercial Real Estate (CRE) Lending team. In his role, Mr. Bavifard will focus on growing the bank’s CRE business through expanding current customer relationships and bringing Popular’s product offerings to new customers.
Based in New York, Mr. Bavifard joins Popular from M&T Bank, where he held several roles of increasing responsibility in their commercial bank, most recently managing multi-product portfolios totaling over $600 million in loan commitments with $150 million in deposits. Earlier in his career, Mr. Bavifard was with The Dak Group where he advised businesses on capitalization needs and provided middle market M&A advisory services.
Popular’s Commercial Real Estate Lending group has grown significantly in the last seven years, most recently focusing on new construction and multifamily lending across the New York metro area.
