Modern Bank ®
Executive Team

President and Chief Financial Officer

Michael Tedesco joined Modern Bank in 2008 and has over 20 years of commercial banking experience. Mr. Tedesco is responsible for managing Modern Bank's strategic direction as President. In addition, as Chief Financial Officer, Mr. Tedesco is responsible for managing the overall financial operations of Modern Bank.

Prior to joining Modern Bank in 2007, Mr. Tedesco was a Vice President and Controller of U.S.B. Holding Co., Inc. (a New York Stock Exchange Company), where he oversaw all financial and tax reporting, capital planning, and business plans. Earlier, he was an Assistant Controller of its wholly-owned commercial bank subsidiary, Union State Bank.

Mr. Tedesco earned a Master of Science in Accounting and a Master of Business Administration in Finance from Pace University. He also earned a Bachelor of Arts in Mathematics from Binghamton Unversity. Mr. Tedesco has successfully completed the CPA exam. Mr. Tedesco served as the treasurer and director of People-to-People, Inc. in Rockland County. He has also served as president and director of the Rockland County Division of the American Heart Association.

Head of Commercial Markets

Curt Lueker is responsible for overseeing Modern Bank's Commercial Markets business, which includes C&I and Commercial Real Estate lending.

Before joining Modern Bank, Mr. Lueker spent nine years at the Royal Bank of Scotland originating, executing and managing senior secured loans, mezzanine investments, equity co-investments and private equity fund commitments. Mr. Lueker was a Managing Director in Asset Management, Head of Leveraged Finance Portfolio Management, Head of Technology/Media/Telecom Portfolio Management, and President & Chief Operating Officer of RBS Equity Corporation. His teams managed more than $20 billion in assets, with RBS acting as Lead Arranger and Administrative Agent for more than half of the Leveraged Finance clients.

Prior to joining RBS, Mr. Lueker was a Vice President in the Merchant Banking Group at Indosuez Capital and a founding member of Bank of America's Financial Sponsor Portfolio Management team. At Bank of America, Mr. Lueker primarily managed Administrative Agent and Lead Arranger positions for middle market LBO clients while also underwriting and closing new transactions.

Mr. Lueker graduated from the University of Missouri with a B.S. in Business Administration and an emphasis in Finance.

Chief Credit Officer

Vera McVey oversees the extension of credit by Modern Bank, administers the bank's credit policies and procedures, and manages and reports its credit risk profile.

Prior to joining Modern Bank in 2010, Ms. McVey was engaged by The Promontory Financial Group as an independent consultant providing expertise in credit risk management, risk governance, and loan review. She was previously chief credit officer of Americas & Asia of HypoVereinsbank (HVB) in New York and a member of the regional management committee. In that capacity, Ms. McVey served as a voting member of HVB's group credit committee. Ms. McVey spent the prior 10 years with Deutsche Bank in New York as a senior risk manager covering a wide range of industries and products as well as a relationship manager for Fortune 1000 companies and highly leveraged healthcare transactions.

Ms. McVey earned a BA degree from Fordham University. She was trained and certified as a universal banker in Germany at the inception of her banking career.

Head of Commercial Real Estate

Joseph Petrelli joined Modern Bank in December of 2011 to originate and underwrite commercial real estate loans. Prior to joining Modern Bank, Joe was a member of Anglo Irish Bank’s Commercial Real Estate Lending Group, where he was responsible for the asset management of over $1 billion performing and non-performing commercial real estate loan facilities. While at Anglo Irish Bank, Joe also served on the Bank’s syndication desk, responsible for managing $1.4 billion of senior and subordinate syndicated CRE loans and worked on the successful sale of the bank’s $10 billion U.S. loan portfolio. Before joining Anglo Irish Bank, he was a member of AIG/ SunAmerica’s Commercial Mortgage Lending Group responsible for originating and underwriting commercial real estate loans in the Northeastern United States for balance sheet and CMBS execution.

Joe earned a B.A. in Economics from Trinity College and a certificate in Real Estate Finance and Investment from New York University.

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