Michael J. Purchia provides strategic planning and real estate advisory services to community, national and regional financial institutions. Mr. Purchia’s banking and real estate expertise turns merger, consolidation, expansion and regulatory actions into successful reality-based implementation programs. Over the course of his 25 year career he has provided board-level strategic planning, profit improvement, merger and acquisition and real estate advisory programs to hundreds of financial institutions.
Mr. Purchia was the co-founder and CEO of BancRealty Advisors, a real estate consulting and capital funding company, and the Commonwealth Financial Technologies Group, a spin-off of Arthur D. Little’s Financial Services Research and Development Center. The Commonwealth Group was acquired in 2001 by BrandPartners, a national consulting, design-build and branding company. At BrandPartners he ran the company’s Strategic Market Intelligence Planning and Real Estate Group.
Mr. Purchia was the CEO and majority shareholder of Fitcorp. Mr. Purchia established Fitcorp, a first-mover company in corporate fitness, wellness, and outpatient cardiac and orthopedic rehabilitation services. Fitcorp operates 12 centers and joint ventures with Harvard and Brown University teaching hospitals. He collaborated with the Tufts and Harvard HMOs to create FitPlan, the first national prepaid reimbursement wellness program.
Earlier in his career Mr. Purchia was Vice President with Chase Manhattan Bank. He led commercial lending groups in the U.S. and Brazil; S&L recovery programs in the Southwest; and developed and introduced company-wide risk management programs.
Mr. Purchia attended Tufts University where he earned a B.A. economics. He also attended the University of Pittsburgh where he earned a M.A. Public and International Affairs. Mr. Purchia was a Research Fellow at the Organization of American States. He is a frequent speaker and contributor to banking journals.
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