Sterling National Bank named Prakash Chonkar managing director and vice president of its commercial banking team.

Chonkar will focus on managing and developing relationships with target segments that lead to loans, deposits and other revenue-generating products and services, and will help drive Sterling’s commercial banking team’s sales and service efforts.

Chonkar was most recently founder and managing partner at P3 Private Investment Partners. Previously, he held a number of leadership positions at Citigroup, lastly as managing director and head of International Sector & Commercial Banking Products.

“We are excited that Prakash is joining our growing team,” said Vinny Delucia, president of New York Regional and New Jersey Markets. “He has years of institutional experience and a proven track record in delivering high quality service and results for clients. We look forward to drawing on his client development expertise and commercial banking to benefit our clients.”