32 The Courier sun • business • october 17, 2013 for breaking news visit www.couriersun.com business Stefanie Handsman, a Queens native, was recently hired as Amalgamated Bank’s Executive Vice President of Commercial Banking. (continued from page 30 ) Stefanie Handsman came to Amalgamated Bank in June after successful stints at HSBC and Chase. At Amalgamated Bank, she oversees business lending for middle market companies, non-profit organizations, and political and advocacy groups. Handsman also manages Amalgamated Bank’s Treasury Management team. In addition to cash management services, her team provides lines of credit for working capital, term loans for equipment purchases, and commercial mortgages for owner-occupied real estate. Handsman is delighted “There are lots of gems in Queens and you don’t have to be located in Manhattan to have a successful business.” STEFANIE HANDSMAN Executive Vice President of Commercial Banking to be back working with Queens businesses. “There are lots of gems in Queens and you don’t have to be located in Manhattan to have a successful business,” Handsman said. “We love working with middle-market clients who want the ability to reach a relationship manager – a decision-maker who gets to know their company and can serve their banking and borrowing needs.” Handsman’s goal for Queens businesses is to help them grow stronger. A new product for non-profits was recently rolled out to serve that purpose. Amalgamated Bank’s Non-Profit Funding Advance, a first-of-its-kind service allows non-profits to immediately secure funding from state grants they have been awarded. Here’s how it works. After a non-profit is awarded a grant from the state, Amalgamated buys the voucher and provides the non-profit with 70 percent of the funds up front. When the state distributes the full amount of the voucher to Amalgamated, the bank then pays the balance to the non-profit, minus a monthly 1 percent fee. While banking access and
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