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Sterling National Bank Appoints Managing Director for Public Sector Finance

March 07, 2017, 07:08 AM

Sterling National Bank, the principal subsidiary of Sterling Bancorp (STL), announced that Mark Cargo has joined the bank's Public Sector Finance team as Managing Director and Vice President. Cargo will report to Michael Horkey, Senior Managing Director at Sterling.

Cargo will be responsible for managing and developing loan portfolios, deposits and other products and services. He will also focus on business development and client cross sell activities and support underwriting, portfolio administration and cash management functions.

Cargo was most recently a regional manager with Oracle Financing, where he was responsible for sales in the public sector, higher education, and healthcare markets. Previously, he was a senior vice president and regional sales manager with SunTrust Equipment Finance and Leasing Corp., where he lead a top-producing team in the public finance sector which also included a higher education specialty market. Cargo has also held positions with IBM Global Finance, Hewlett Packard Financial Services and Key Equipment Finance.

"We are very pleased to welcome Mark to the team," said David S. Bagatelle, Executive Vice President and President-New York Metro Market at Sterling. "He brings years of experience in developing portfolios and a client-centered approach that will help further strengthen our client relationships and build on our portfolio of services."

Cargo is a graduate of Auburn University with a bachelor's degree in business administration.

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