Chad Oppenheimer Joins NCB as New In-House General Counsel

Washington, DC (October 2, 2008) — NCB, known for providing creative financial solutions tailored to meet the needs of its customers, is pleased to announce Chad Oppenheimer has joined the Bank as its new in-house General Counsel.

“Chad comes to NCB with over a decade of corporate and litigation experience, which will undoubtedly serve him well in this new position,” said Charles E. Snyder, President and CEO of NCB.  “He will be an invaluable addition to NCB’s Executive Management team, and serve the Bank well in this capacity.”

Mr. Oppenheimer will be responsible for leading the corporate strategic and tactical legal initiatives and report directly to Mr. Snyder.  Additionally, he will provide senior management with effective advice on company strategies and implementation, manage the legal function and obtain and oversee the work of outside counsel.

Prior to joining NCB, Mr. Oppenheimer was a partner at Goodwin Procter LLP in Washington, DC.  In his eleven year tenure at Goodwin Procter (in part with Shea & Gardner before their 2004 merger), he gained a breadth of general corporate and financial practice experience, representing financial service and other clients in connection with mergers and acquisitions, loan and other financial documentation, equity investments, intellectual property licensing and corporate governance.  During his time at Goodwin Procter, he did significant work for NCB in a wide range of areas, including various transactional matters and financing agreements.

Mr. Oppenheimer graduated with honors from Trinity College in Hartford, Connecticut in 1990, where he received a Bachelor of Arts degree in Philosophy and Mathematics.  He received his Juris Doctor from University of Chicago in 1997, where he also graduated with honors.  He also served on the University of Chicago Law Review and worked at the Mandel Legal Aid Clinic advocating the rights of persons with mental illness.  A Washington, DC native, Mr. Oppenheimer is a board member at the Corporate Counsel Institute at Georgetown University.

As a full-service financial institution, NCB provides term loans, lines of credit, commercial and residential mortgages, construction loans, lease financing, private placements and personal and business banking products. In addition, the Bank offers an array of other business banking products via its secure, online cash management platform, including Real Time Deposit, NCB’s remote deposit capture product allowing businesses to efficiently deposit checks via remote scanning services operated at the business’ location.  The Bank is also a member of CDARS network, providing customers with a single source for FDIC insurance on CDs up to $50 million.

NCB Financial Group (NCB) consists of National Consumer Cooperative Bank, a wholesale funding company; NCB, FSB, a federally-charted savings bank; and, NCB Capital Impact, a 501(c)3 nonprofit.  Loans and other financial services are provided by NCB, FSB and NCB Capital Impact.   Deposit products and services are provided by NCB, FSB, which is a member FDIC.   Each is a separate corporation within the NCB Financial Group.

NCB is dedicated to strengthening communities nationwide through the delivery of banking and financial services, complemented by a special focus on cooperative expansion and economic development. Headquartered in Washington, DC, NCB also has offices in Alaska, California, New York and Virginia. In addition, NCB has a growing community banking network in southwestern Ohio. To learn more about NCB, visit www.ncb.coop. 

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