Princeton Capital’s management team has a unique blend of training and experience that makes them uniquely qualified to execute our mission and strategy and assist community banks.
Gary Hoyer (CEO)
Gary V. Hoyer has been in the investment banking, structured finance, asset-based lending and residential mortgage finance markets for over 30 years. Mr. Hoyer is the CEO of PrinCap and Chairman of the Board of our Ohio bank. He was previously President and CEO of a nationwide company that conducted due diligence on banks that are acquisition targets and assisted lenders with the disposition of distressed assets. Before that, he was instrumental in developing, structuring and marketing asset-based financing programs for niche market products, including involvement in technology development for front- and back-office systems.
G. Mark Loreto (Chairman and General Counsel)
G. Mark Loreto has more than 35 years of experience in commercial banking, structured finance, and the commercial and residential mortgage markets. He is the Chairman and General Counsel of PrinCap and corporate secretary of the bank. He has been the COO of a nationwide company that conducted due diligence on banks that are acquisition targets and assisted lenders with the disposition of distressed assets. Previously, he was responsible for funding relationships, negotiating and structuring joint ventures, various aspects of operations and serving as secretary and general counsel for various specialty finance programs.
Lance Tearnan (EVP)
Lance T. Tearnan is an executive with 26 years of experience in commercial banking, mortgage banking and community development finance. He was recently the Chairman/CEO of Ideal Holding Company, an entity established to acquire minority banks that received approval from the Office of Thrift Supervision to acquire Ideal Federal Savings Bank. Prior to this engagement, he managed retail and mortgage sales and servicing activities for several national and regional banks.
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