Michael J. Purchia provides strategic planning and real estate advisory services to community, national and regional financial institutions. Mike’s banking and real estate expertise turns mergers, consolidations, expansions and regulatory actions into successful reality-based implementation programs. Over the course of his career he has provided board-level strategic planning, profit improvement and real estate advisory programs to hundreds of financial institutions.
Prior to joining Paramount, Mike was the co-founder and CEO of BancRealty Advisors 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, marketing, and real estate groups.
Mike was previously the CEO and majority shareholder of Fitcorp, a first-mover company in corporate fitness, wellness, and outpatient cardiac and orthopedic rehabilitation services. Fitcorp operated twelve 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.
He was also previously an executive at Chase Bank, where 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.
Mike earned a B.A. in Economics from Tufts University and attended the University of Pittsburgh where he earned a M.A. in Public and International Affairs. He was a Research Fellow at the Organization of American States and is a frequent speaker and contributor to banking journals.
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