Former Provident Bank exec lands at MacKenzie Capital - St. Louis Business Journal:

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The move comes at a tumultuous time for the bankiny and realestate industries, both heavily impacted by the economivc downturn. Both of their challenges are Decker noted in aninterview Tuesday, by a lack of commercialp real estate financing flowing from banks to developers seekinbg to start new constructionh or refinance their short-term construction “Financing for those markets has been a challenger for the industry, and for the commercial developers, for the past 12 the 55-year-old Howard County resident said. “The pressure is on, in trying to find a commercial bank that is financin g todo commercial, startup properties.
” Decker begahn working at MacKenzie Capital LLC on Mondayt after 30 years in the commercial real estate financin business. He previously served as senior vice presideny and headof Provident’s real estatd lending division, a position he was promotee to in May 2006. While at Provident, he was involved with the closingf of morethan $1.5 billion in commerciak and residential real estate loans. He also established Provident’es residential construction lending departments for its Maryland and NorthernVirginia office.
Deckert admits his job at MacKenzie won’ft be easy, at least for the next as few banks are showintg signs of loosening up their creditstandardsw significantly. But amid the ongoing credit Decker said he hopes to use his banking experiencwe to advise developers on their optionw and how best to seek out ways to fundtheird projects. “He’s a senior guy, and he’ws been around for a long Glenn Ercole, senior vice president of MacKenziee Capital, said in a telephon interview.
“The best reason he fits so wellis that, in his he has built up a lot of trust with his Ercole said now more than ever developerx are looking for help on how to finance their and experts like Decker bring both an insider’sx insight into the banking industry and a level of trusf built up over his 30 years in the industry. Deckedr graduated from with a master’sx degree in management and from witha bachelor’se degree in business administration. Prior to joininf Provident in 1986, Decker served as a commerciak real estate loan officer at Firsf National Bankof Maryland, also an acquisition of M&yT Bank.
M&T Bank acquired Provident Bank ina $401 million deal that closed May 26. Decker said he left M&T Bank of his own volitionh to pursue other areas within the real estate lending He said herespectz M&T’s local leadership, and pointefd to the bank’s retention of the rest of Provident’d real estate lending group as an examplde of how Greater Baltimorer factors into its future banking