With this merger, the license of NECB will be scrapped and this will be in the line of thinking of the Central Bank which is striving to reduce the number of banks to acceptable levels," Khazen said.
The chairman and CEO of the bank will be Mario Saradar who was the chairman of NECB.
NECB also works to keep its degrees affordable, charging approximately $800 per course for students enrolled through partner institutions.
NECB recently began offering several advanced degree programs in the areas of health care management and human resource management, as well as bachelor's degrees in international business and digital marketing.
Serving students across the United States, NECB
is an online college accredited by the New England Association of Schools and Colleges (NEASC), and is licensed by the Massachusetts Department of Higher Education.
Financed a $340,000 NECB
existing loan on a 2 story walk-up 2 units and 1 retail mixed-use building in the Brownsville section of Brooklyn.
NECB is a fully accredited college that offers online degree programs at the undergraduate and graduate levels.
NECB is committed to innovation in higher education, and this exciting new partnership with KNEXT allows us to offer cutting-edge tools and services to our students," says Howard Horton, President of NECB.
The strategic partnership of KNEXT and NECB provides the opportunity for a large number of current and potential students to translate prior learning into college credit and easily apply those credits to any NECB undergraduate degree program.
We're very excited that KNEXT's relationship with NECB will give more students the opportunity to use our prior learning assessment program," says Brian Ouellette, general manager of KNEXT.
The partnership between NECB and KNEXT and its potential savings on education will specifically benefit these organizations, such as FedEx, Office Depot and Bank of America, companies that currently extend education benefits to their employees through NECB.
A $7,000,000 NECB
existing loan for a 5 year arm, 15 year balloon, 30 year amortization schedule on a 142 unit, (2) 3 story and (1)2 story walk-up in Hartford.