KATHLEEN E. STUCY NAMED VICE PRESIDENT OF OPERATIONS BY NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY

TRENTON, N.J. (April 4, 2007) - – Kathleen E. Stucy of Cherry Hill, has been named vice president of operations by the New Jersey Economic Development Authority (EDA). In this role, she will oversee the EDA’s Credit Compliance, Credit Underwriting, Lending Services and Program Services divisions.

Stucy has more than 25 years of professional banking experience and expertise in commercial, corporate, real estate and health care lending. Most recently, she served as senior executive vice president and chief lending officer of Susquehanna Patriot Bank, where she was responsible for all commercial lending activity in southern New Jersey and eastern Pennsylvania and managed a $1.3-billion loan portfolio.

“Kathie has a wealth of experience on both the sales and credit sides of banking and we look forward to her bringing her talents to our dynamic, experienced, creative EDA team,” said EDA Chief Executive Officer Caren S. Franzini.

Before joining Susquehanna Patriot Bank in 2005, Stucy was senior vice president of credit products for Wachovia Bank and a predecessor company, First Union National Bank, where she managed corporate, health care and commercial loan portfolios exceeding $1 billion. She has also held senior-level positions with CoreStates Bank, N.A. and Meridian Bank. She began her career with Midlantic National Bank.

Stucy has been a trustee of the Visiting Nurse Association of Greater Philadelphia since 1999 and previously served as director of the American Red Cross of Central New Jersey and a board member of the YMCA of Philadelphia and vicinity. She is also a member of the Forum of Executive Women.

She earned a B.A. degree, magna cum laude, from Marietta College and an M.A. degree with honors in Spanish language and literature from New York University. She also graduated with honors from the Stonier Graduate School of Banking at the University of Delaware.

The EDA is an independent, self-sustaining state financing and development agency that works to promote economic growth, job creation and the revitalization of New Jersey’s communities with financing assistance, technical support and entrepreneurial training, and real estate development activities.

 

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