Gold Coast Bank appoints Catsimatidis’ son to board

The bank just opened its first NYC location

TRD New York /
Aug.August 15, 2016 12:36 PM

According to Gold Coast Bank, John Catsimatidis’ son is just the right millennial for its board.

The Long Island bank has appointed 24-year-old John Catsimatidis Jr. to its board, the New York Post reported. The appointment comes shortly after the bank opened its first New York City location in one of the elder Catsimatidis’ buildings.

“We want someone who has expertise in the millennial market,” John Tsunis, chairman of the bank’s board, told the Post. “That’s a huge factor in Brooklyn.”

In July, the bank signed a lease for its first New York City location at Catsimatidis’ 81 Fleet Place in Brooklyn. Tsunis said the lease deal was completed months ahead of the appointment.

Catsimatidis is the owner of the Red Apple Group TRData LogoTINY and Gristedes Foods. He’s had a mayoral run and is consistently one of the biggest political donors among real estate players in New York City. In June, he gave $50,000 to the Trump Victory election fund. He also donated $10,ooo to Long Island Democrat Todd Kaminsky’s campaign[NYP] Kathryn Brenzel 

Related Article

Steve Croman and 566 Hudson Street (Credit: Google Maps, iStock)

Steve Croman sued over illegally deregulating apartments

Census tract 135 and Stellar Management's Larry Gluck (Credit: Getty Images and Stellar Management)

How a small stretch of land on the Far West Side became an Opportunity Zone

Crowdfunding platform launches $20M Opportunity Zone fund

Brookfield's Ric Clark and an aerial view of the Greenpoint Landing development site (Credit: Google Maps)

Three developers slapped on wrist for de Blasio donations

Rent reform is propelling a new wave of New York and California investors to Miami (Credit: iStock)

Rent reform in New York, California propels new wave of multifamily investors to Miami

Banks to revise Adam Neumann’s $500M credit line, another foreign investor is leaving NYC: Daily digest

Miami’s biggest condo developer is going micro

New York City investment sales in July 2019