One more small start-up bank

BY EMI ENDO | emi.endo@newsday.com A former top North Fork Bancorp executive will help launch the latest local start-up billing itself as an alternative to big banks. Daniel Healy will be chairman of Heritage Bank, which will target small to midsize corporate clients. Healy was chief financial officer and executive vice president of Melville-based North Fork, which was bought in 2006 by McLean, Va.-based Capital One Financial Corp. Heritage said it plans to open by early fall with $60 million in capital and offices in midtown Manhattan, Melville and Borough Park, Brooklyn. David Bagatelle, who will be president and chief executive, said the banking industry has been beset by management problems, credit troubles and merger upheavals. "We think there's a great opportunity because of the chaos," said Bagatelle, who previously... [read full story]