(Source: Business Wire)
Capital One Bank announced the appointment of Michael C. Slocum as the bank's New York State President. In this new role, Slocum, who also heads Capital One Bank's Commercial Banking team, will be responsible for leading the Bank's community focus and guiding its philanthropic commitment to help meet the unique needs of the communities that Capital One Bank serves in the greater New York area.
"Our market presidents are focused on continuously improving the Capital One Bank customer experience, growing revenue and leveraging market opportunities. They also play a critical role in overseeing and coordinating company resources to help ensure that we're making a meaningful contribution to our local communities," said Lynn Pike, President of Capital One Bank. "Mike has a clear understanding of our vision and has been integral to helping drive the bank's strategy. The strength of his leadership, his business acumen and commitment to the community will continue to solidify our overall presence in the New York market."
An experienced leader with nearly thirty years in the banking industry, Slocum also serves as Executive Vice President of Capital One's Commercial Banking business reporting directly to Pike. In this role, he leads multiple lines of business, including asset-based lending, leasing, energy banking, commercial real estate, middle market banking, private banking, treasury services and merchant services. Prior to joining Capital One in 2007, Slocum served in various leadership roles for nearly two decades at Wachovia Bank, where he most recently headed up the company's Real Estate Financial Services business. While in that role, revenues to the company from his region grew nearly 15 percent per year. Also under his leadership, Wachovia's Real Estate Banking business grew into the second largest real estate bank in the U.S. Slocum also served as Wachovia's Regional CEO for its banking operations in the New York, New Jersey and Connecticut regions.
"As a company, we understand that banking is a relationship-focused business. Whether we're working to meet the needs of a community, a business or an individual customer, relationships and personalized service are key," Pike added. "Mike has been an outstanding member of our leadership team and I am extremely pleased that he will formally assume the role of State President here in New York."
As New York State President, Slocum is part of an experienced team of state leaders including Robert M. Stuart, Jr., Louisiana State President, Ricky Otey, Texas State President and Doug Kennedy, New Jersey State President.
