Bay Atlantic Appoints Vice President of Lending

VINELAND, N.J. -- Matthew DeVault of Vineland has been appointed Vice President of Lending for the Bay Atlantic Federal Credit Union.

DeVault will report to President/CEO Gail Marino and will be responsible for all aspects of the credit union’s loan functions. He will oversee the operations relating to underwriting, loan processing, loan documentation and approvals for loans including consumer, real estate and developing Bay Atlantic’s business loan program.

“Matt comes to us with 20 years of experience in consumer and commercial banking,” Marino explained.  “His appointment signifies a new chapter for our credit union members as we are now providing them with a more complete line of lending programs. Among them are home equity lines of credit, business banking services and loans as well as first-time mortgages,” she added.

DeVault has held several leadership banking positions with Colonial Bank, Fulton Bank and Cape Bank. He’s actively involved in several local chambers of commerce and other civic organizations. The new Lending Vice President has successfully completed several levels of training with the banking industry’s Risk Management Association’s Lending Academy.